Insider Buying: American Assets Trust, Inc. (NYSE:AAT) CEO Buys $327,000.00 in Stock

American Assets Trust, Inc. (NYSE:AATGet Rating) CEO Ernest S. Rady bought 10,000 shares of the company’s stock in a transaction on Monday, May 16th. The stock was bought at an average price of $32.70 per share, for a total transaction of $327,000.00. Following the completion of the purchase, the chief executive officer now owns 2,086,619 shares of the company’s stock, valued at $68,232,441.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of American Assets Trust stock opened at $31.69 on Friday. American Assets Trust, Inc. has a 52-week low of $30.97 and a 52-week high of $40.83. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 49.52, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The company has a fifty day moving average of $35.74 and a 200-day moving average of $36.41. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.43 and a current ratio of 2.43.

American Assets Trust (NYSE:AATGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). American Assets Trust had a net margin of 9.57% and a return on equity of 3.10%. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, equities research analysts forecast that American Assets Trust, Inc. will post 2.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Thursday, June 9th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, June 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.04%. American Assets Trust’s dividend payout ratio (DPR) is 200.00%.

A number of analysts recently commented on AAT shares. StockNews.com started coverage on shares of American Assets Trust in a research note on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet raised shares of American Assets Trust from a “c” rating to a “b-” rating in a report on Monday, March 21st. Mizuho decreased their target price on shares of American Assets Trust from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, February 15th. Zacks Investment Research raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 23rd. Finally, Morgan Stanley decreased their price target on shares of American Assets Trust from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, March 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.25.

Several institutional investors have recently made changes to their positions in AAT. CWM LLC boosted its position in American Assets Trust by 210.2% during the 1st quarter. CWM LLC now owns 698 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 473 shares during the period. Ellevest Inc. boosted its position in American Assets Trust by 97.6% during the 1st quarter. Ellevest Inc. now owns 727 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 359 shares during the period. Marshall Wace North America L.P. boosted its position in American Assets Trust by 32.9% during the 1st quarter. Marshall Wace North America L.P. now owns 1,211 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 300 shares during the period. Quadrant Capital Group LLC boosted its position in American Assets Trust by 68.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,726 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 700 shares during the period. Finally, US Asset Management LLC purchased a new stake in American Assets Trust during the 1st quarter valued at $69,000. 94.83% of the stock is owned by institutional investors.

About American Assets Trust (Get Rating)

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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