The American Assets Trust, Inc (AAT) CEO Ernest S. Rady Acquires 31,381 Shares

The American Assets Trust, Inc (AAT) CEO Ernest S. Rady Acquires 31,381 Shares

American Assets Trust, Inc (AAT) traded up 1.19% during trading on Friday, hitting $40.12. 280,406 shares of the company were exchanged. American Assets Trust, Inc has a 12 month low of $37.54 and a 12 month high of $46.38. The stock’s 50-day moving average is $41.12 and its 200-day moving average is $42.06. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 56.59 and a beta of 0.54.

American Assets Trust, Inc (NYSE:AAT) CEO Ernest S. Rady acquired 31,381 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average cost of $39.08 per share, with a total value of $1,226,369.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Tuesday, June 13th. American Assets Trust’s dividend payout ratio is currently 146.48%.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 24th. Mizuho cut shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a research note on Wednesday, February 22nd. Finally, Canaccord Genuity lifted their price objective on shares of American Assets Trust from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. American Assets Trust presently has a consensus rating of “Buy” and an average target price of $48.50.

Large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC raised its stake in shares of American Assets Trust by 75.0% in the first quarter. LS Investment Advisors LLC now owns 2,531 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,085 shares in the last quarter. Elkfork Partners LLC purchased a new stake in shares of American Assets Trust during the fourth quarter worth about $112,000. Daiwa Securities Group Inc. raised its stake in shares of American Assets Trust by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 900 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of American Assets Trust during the first quarter worth about $141,000. Finally, Meadow Creek Investment Management LLC raised its stake in shares of American Assets Trust by 10.8% in the first quarter. Meadow Creek Investment Management LLC now owns 3,502 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 340 shares in the last quarter. 99.66% of the stock is owned by hedge funds and other institutional investors. American Assets Trust Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AAT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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