American Assets Trust, Inc. (NYSE:AAT – Get a rating) CEO Ernest S. Rady acquired 20,000 shares of the company in a transaction that took place on Wednesday, August 17. The shares were purchased at an average price of $29.87 per share, for a total transaction of $597,400.00. Following the completion of the purchase, the CEO now owns 6,717,484 shares of the company, valued at approximately $200,651,247.08. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink.
US Asset Trust Price Performance
Shares of NYSE AAT opened at $30.16 on Friday. The company has a market capitalization of $1.83 billion, a P/E ratio of 45.01, a P/E/G ratio of 1.68 and a beta of 1.10. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt ratio of 1.38. The stock’s 50-day simple moving average is $29.77 and its two-hundred-day simple moving average is $33.48. American Assets Trust, Inc. has a 12-month low of $28.38 and a 12-month high of $40.83.
American Assets Trust announces dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22. Shareholders of record on Thursday, September 8 will receive a dividend of $0.32. The ex-date of this dividend is Wednesday, September 7. This represents a dividend of $1.28 on an annualized basis and a yield of 4.24%. American Assets Trust’s dividend payout ratio is currently 191.04%.
Hedge funds weigh on American Assets Trust
A number of institutional investors have recently increased or reduced their stake in the company. Goldman Sachs Group Inc. increased its holdings of American Assets Trust shares by 7.1% in the second quarter. Goldman Sachs Group Inc. now owns 381,272 shares of the real estate investment trust worth $11,324,000 after buying an additional 25,240 shares last quarter. Captrust Financial Advisors bought a new position in shares of American Assets Trust in Q2 for a value of approximately $167,000. Jane Street Group LLC bought a new stock position in American Assets Trust in Q2 for about $655,000. Meiji Yasuda Asset Management Co Ltd. increased its holdings of American Assets Trust shares by 58.1% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,847 shares of the real estate investment trust worth $411,000 after purchasing an additional 5,087 shares last quarter. Finally, Chilton Capital Management LLC increased its stake in American Assets Trust shares by 12.2% in the second quarter. Chilton Capital Management LLC now owns 370,369 shares of the real estate investment trust worth $11,000,000 after purchasing an additional 40,164 shares in the last quarter. 94.83% of the shares are currently held by institutional investors.
A Wall Street analyst gives his opinion
A number of analysts have recently released reports on the company. TheStreet downgraded American Assets Trust from a “b-” rating to a “c+” rating in a Thursday, June 16 research memo. Morgan Stanley lowered its price target on American Assets Trust from $34.50 to $25.50 and set an “equal weight” rating on the stock in a Friday July 15 research note. Finally, KeyCorp reiterated a “sector weighting” rating on American Assets Trust stocks in a Thursday, July 14, research note. Four research analysts have rated the stock with a holding rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $31.25.
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 difficult to access in the country, mainly in southern California, northern California, Oregon, Washington, Texas and Hawaii.
Get news and reviews for American Assets Trust Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for American Assets Trust and related companies with MarketBeat.com’s free daily email newsletter.