American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady Purchases 117,998 Shares

American Assets Trust, Inc. (NYSE:AAT) CEO Ernest S. Rady purchased 117,998 shares of the company’s stock in a transaction dated Monday, February 22nd. The stock was bought at an average cost of $29.50 per share, for a total transaction of $3,480,941.00.

Shares of NYSE AAT opened at $30.45 on Tuesday. American Assets Trust, Inc. has a twelve month low of $20.15 and a twelve month high of $45.57. The firm has a market cap of $1.84 billion, a P/E ratio of 48.33 and a beta of 1.20. The company has a 50 day moving average of $28.78 and a 200 day moving average of $26.90. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 1.12.

American Assets Trust (NYSE:AAT) last announced its earnings results on Monday, February 8th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). American Assets Trust had a net margin of 10.38% and a return on equity of 2.94%. As a group, equities analysts expect that American Assets Trust, Inc. will post 1.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 10th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 3.68%. American Assets Trust’s payout ratio is currently 45.45%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. increased its stake in shares of American Assets Trust by 32.9% in the 1st quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 300 shares in the last quarter. Van ECK Associates Corp increased its position in shares of American Assets Trust by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 2,022 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 504 shares during the period. Amica Retiree Medical Trust increased its position in shares of American Assets Trust by 55.1% during the fourth quarter. Amica Retiree Medical Trust now owns 8,116 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 2,883 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of American Assets Trust during the third quarter worth approximately $207,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of American Assets Trust during the third quarter worth approximately $234,000. Institutional investors and hedge funds own 94.06% of the company’s stock.

Separately, Zacks Investment Research lowered shares of American Assets Trust from a “hold” rating to a “strong sell” rating in a report on Friday.

About American Assets Trust

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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