American Assets Trust, Inc. (NYSE:AAT – Get a rating) CEO Ernest S. Rady purchased 20,000 shares of American Assets Trust in a trade dated Friday, November 4. The shares were purchased at an average price of $28.35 per share, with a total value of $567,000.00. Following the purchase, the CEO now owns 6,987,855 shares of the company, valued at $198,105,689.25. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink.
US Asset Trust Price Performance
NYSE AAT traded down $0.04 on Friday, hitting $28.25. 502,306 shares of the company were traded, compared to its average volume of 275,056. American Assets Trust, Inc. has a 12-month low of $24.00 and a 12-month high of $40.83 . The company has a debt ratio of 1.38, a current ratio of 2.22 and a quick ratio of 2.34. The stock has a 50-day simple moving average of $26.65 and a 200-day simple moving average of $29.83. The stock has a market capitalization of $1.71 billion, a PE ratio of 39.73, a P/E/G ratio of 1.51 and a beta of 1.08.
American Assets Trust announces dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 22. Shareholders of record on Thursday, December 8 will receive a dividend of $0.32. This represents an annualized dividend of $1.28 and a dividend yield of 4.53%. The ex-date of this dividend is Wednesday, December 7. American Assets Trust’s dividend payout ratio is 180.28%.
Institutional entries and exits
Institutional investors and hedge funds have recently changed their positions in the company. CWM LLC increased its holdings of American Assets Trust shares by 210.2% in the first quarter. CWM LLC now owns 698 shares of the real estate investment trust worth $26,000 after purchasing an additional 473 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of American Assets Trust in the second quarter worth around $42,000. Lazard Asset Management LLC increased its holdings of American Assets Trust shares by 207.6% in the second quarter. Lazard Asset Management LLC now owns 1,452 shares of the real estate investment trust worth $43,000 after purchasing an additional 980 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of American Assets Trust in the third quarter for a value of approximately $43,000. Finally, US Bancorp DE increased its holdings of American Assets Trust shares by 117.4% in the second quarter. US Bancorp DE now owns 2,024 shares of the real estate investment trust worth $60,000 after buying an additional 1,093 shares in the last quarter. Institutional investors hold 94.96% of the company’s shares.
Analysts set new price targets
Several equity analysts have recently weighed in on AAT shares. StockNews.com began covering American Assets Trust stocks in a research report on Wednesday, October 12. They set a “hold” rating for the company. Morgan Stanley raised its price target on American Assets Trust shares from $25.50 to $28.00 and gave the stock an “equal weight” rating in a Monday, Aug. 29, report. Finally, KeyCorp reaffirmed a “sector weight” rating on American Assets Trust stocks in a Thursday, July 14, research note. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.50.
American Assets Trust Company Profile
American Assets Trust, Inc is a full-service, vertically integrated, self-administered real estate investment trust or REIT, headquartered in San Diego, California. The company has more than 50 years of experience acquiring, improving, developing and managing prime office, retail and residential properties across the United States in some of the world’s toughest markets. most dynamic and the most barrier to entry in the country, mainly in southern California, northern California, Oregon, Washington, Texas and Hawaii.
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