American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady Acquires 52,778 Shares

American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady acquired 52,778 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were purchased at an average price of $40.17 per share, with a total value of $2,120,092.26. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of American Assets Trust, Inc. (NYSE AAT) traded down 1.04% during midday trading on Friday, reaching $39.85. 365,366 shares of the company were exchanged. The firm’s 50 day moving average is $39.94 and its 200-day moving average is $41.26. American Assets Trust, Inc. has a 52-week low of $37.54 and a 52-week high of $45.50. The company has a market capitalization of $1.88 billion, a PE ratio of 60.56 and a beta of 0.52.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. The company had revenue of $77.11 million during the quarter. American Assets Trust had a return on equity of 3.94% and a net margin of 10.93%. On average, equities analysts forecast that American Assets Trust, Inc. will post $0.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. American Assets Trust’s dividend payout ratio is currently 157.58%.

COPYRIGHT VIOLATION WARNING: This news story was first published by BNB Daily and is the property of of BNB Daily. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/20/american-assets-trust-inc-nyseaat-ceo-ernest-s-rady-buys-52778-shares-updated.html.

A number of brokerages have commented on AAT. BidaskClub upgraded shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Finally, TheStreet downgraded shares of American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.00.

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of American Assets Trust by 9,426.3% in the first quarter. BlackRock Inc. now owns 5,711,691 shares of the real estate investment trust’s stock worth $238,976,000 after buying an additional 5,651,734 shares in the last quarter. State Street Corp boosted its position in shares of American Assets Trust by 59.6% in the first quarter. State Street Corp now owns 1,510,392 shares of the real estate investment trust’s stock worth $63,194,000 after buying an additional 564,067 shares in the last quarter. American Assets Inc. boosted its position in shares of American Assets Trust by 8.2% in the second quarter. American Assets Inc. now owns 5,882,841 shares of the real estate investment trust’s stock worth $231,725,000 after buying an additional 447,005 shares in the last quarter. Norges Bank bought a new position in shares of American Assets Trust during the fourth quarter worth $18,091,000. Finally, Numeric Investors LLC bought a new position in shares of American Assets Trust during the second quarter worth $16,475,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

About American Assets Trust

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

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

Receive News & Ratings for American Assets Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Assets Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply