American Assets Trust, Inc. (NYSE:AAT – Get Rating) CEO Ernest S. Rady bought 1,197 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were bought at an average price of $32.15 per share, with a total value of $38,483.55. Following the completion of the transaction, the chief executive officer now directly owns 2,107,816 shares in the company, valued at approximately $67,766,284.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE AAT traded up $0.28 during trading on Wednesday, hitting $33.05. The stock had a trading volume of 145,043 shares, compared to its average volume of 273,741. The company has a market capitalization of $2.00 billion, a PE ratio of 51.84, a P/E/G ratio of 2.03 and a beta of 1.13. The company’s 50-day moving average price is $35.59 and its two-hundred day moving average price is $36.30. 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, Inc. has a 12 month low of $30.97 and a 12 month high of $40.83.

American Assets Trust (NYSE:AAT – Get Rating) last released its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $0.38 earnings per share. As a group, equities analysts anticipate that American Assets Trust, Inc. will post 2.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 23rd. Shareholders of record on Thursday, June 9th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.87%. The ex-dividend date is Wednesday, June 8th. American Assets Trust’s payout ratio is 200.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAT. Marshall Wace North America L.P. lifted its stake in 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 valued at $56,000 after acquiring an additional 300 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of American Assets Trust by 102.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 37,265 shares of the real estate investment trust’s stock worth $1,709,000 after purchasing an additional 18,870 shares in the last quarter. Morgan Stanley raised its stake in shares of American Assets Trust by 50.2% during the 2nd quarter. Morgan Stanley now owns 319,667 shares of the real estate investment trust’s stock worth $11,920,000 after purchasing an additional 106,796 shares in the last quarter. Truist Financial Corp raised its stake in shares of American Assets Trust by 6.1% during the 3rd quarter. Truist Financial Corp now owns 8,951 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 515 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of American Assets Trust by 87.8% during the 3rd quarter. Barclays PLC now owns 93,635 shares of the real estate investment trust’s stock worth $3,504,000 after purchasing an additional 43,773 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Several research firms have recently issued reports on AAT. Mizuho decreased their target price on American Assets Trust from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, February 15th. TheStreet upgraded American Assets Trust from a “c” rating to a “b-” rating in a research report on Monday, March 21st. StockNews.com assumed coverage on American Assets Trust in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley decreased their price objective on American Assets Trust from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, March 21st. Finally, Zacks Investment Research lowered American Assets Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.75.

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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