Insider Buying: American Assets Trust, Inc. (NYSE:AAT) CEO Purchases 518 Shares of Stock

American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady purchased 518 shares of the company’s stock in a transaction that occurred on Friday, June 4th. The shares were purchased at an average cost of $37.75 per share, with a total value of $19,554.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of AAT opened at $38.36 on Friday. American Assets Trust, Inc. has a 1-year low of $20.73 and a 1-year high of $38.98. The firm’s 50-day moving average is $35.01. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 137.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.25. The company has a quick ratio of 6.53, a current ratio of 6.53 and a debt-to-equity ratio of 1.34.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Monday, April 26th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.07). American Assets Trust had a net margin of 5.08% and a return on equity of 1.34%. Equities analysts predict that American Assets Trust, Inc. will post 1.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 24th. Stockholders of record on Thursday, June 10th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, June 9th. This represents a $1.12 annualized dividend and a dividend yield of 2.92%. American Assets Trust’s dividend payout ratio is currently 59.26%.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of American Assets Trust by 4.5% in the 1st quarter. BlackRock Inc. now owns 9,421,204 shares of the real estate investment trust’s stock valued at $305,624,000 after purchasing an additional 404,263 shares in the last quarter. American Assets Inc. raised its holdings in shares of American Assets Trust by 2.0% in the 1st quarter. American Assets Inc. now owns 6,916,224 shares of the real estate investment trust’s stock valued at $224,362,000 after purchasing an additional 135,198 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of American Assets Trust by 19.0% in the 1st quarter. Principal Financial Group Inc. now owns 2,864,636 shares of the real estate investment trust’s stock valued at $92,928,000 after purchasing an additional 457,872 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of American Assets Trust by 59.0% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,428,866 shares of the real estate investment trust’s stock valued at $46,352,000 after purchasing an additional 530,213 shares in the last quarter. Finally, Bamco Inc. NY raised its holdings in shares of American Assets Trust by 66.3% in the 4th quarter. Bamco Inc. NY now owns 1,422,736 shares of the real estate investment trust’s stock valued at $41,089,000 after purchasing an additional 567,236 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

A number of equities analysts recently commented on AAT shares. KeyCorp raised shares of American Assets Trust from a “sector weight” rating to an “overweight” rating and set a $42.00 price target for the company in a research note on Monday, May 24th. Morgan Stanley lifted their price objective on shares of American Assets Trust from $28.50 to $33.00 and gave the company an “equal weight” rating in a report on Monday, May 24th. Finally, Zacks Investment Research lowered shares of American Assets Trust from a “buy” rating to a “hold” rating in a report on Tuesday, May 4th.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.

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Insider Buying and Selling by Quarter for American Assets Trust (NYSE:AAT)

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