American Assets Trust Stock (NYSE:AAT), Trade Ideas

American Assets Trust

American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are predominantly located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.

reit shutter

REIT

Real Estate

COLD

These REITs Yield Up to 6.3% and Are Have Been Growing Their Dividends

Building.sean-pollock-PhYq704ffdA-unsplash

These Top REITs Just Raised Their Dividends Again

News

Penny Stocks

Small Cap

Pre-Market Outlook

Markets

Movers

Trading Ideas

CTXR

GSX Techedu Inc. American Depositary Shares

GOTU

SIGA

WLKP

XPEV

U.S. stock futures traded mixed this morning on Monday. Here are some big stocks recording losses in today’s pre-market trading session.

CSX, Citius Pharmaceuticals And Other Big Stocks Moving Lower In Friday&#39;s Pre-Market Session

American Assets Trust Inc

AUTOSCOPE TECHS CORP by Autoscope Technologies Corporation

Autoscope Technologies Corp

ATI Airtest Technologies Inc

ATI AIRTEST TECHS INC by ATI Airtest Technologies Inc.

Agape ATP Corp

AMG CAP TR II 5.15% CONV by AMG Capital Trust II

ADAPTIVE AD SYSTEMS INC by Adaptive Ad Systems, Inc.

Adaptive Ad Systems Inc

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.
Let's take a look at two REITs with yields up to 6.3% that have been growing their dividends in recent years.
<h2 class="wp-block-heading">American Assets Trust</h2>
American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) owns and manages a portfolio of premier office, retail, and residential properties across major U.S. markets, including Southern California, Northern California, Washington, Oregon, Texas and Hawaii.
AAT currently pays a quarterly dividend of $0.335 per share, equating to an annualized rate of $1.34, which gives its stock a yield of about 6.3% at the time of this writing.
In addition to having a very high yield, AAT is becoming a dividend-growth star. It has raised its annual dividend payment for three consecutive years, and its 1.5% hike in February has it on track for 2024 to mark the fourth consecutive year with an increase.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This <a href="https://www.benzinga.com/go/bezos-landlord">Jeff Bezos-backed startup will allow you to become a landlord</a> in just 10 minutes, and you only need $100.</li>
<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
</ul>
<h2 class="wp-block-heading">Americold Realty Trust</h2>
Americold Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COLD#NYSE">COLD</a>) owns and/or operates 245 temperature-controlled warehouses containing approximately 1.5 billion refrigerated cubic feet of storage across North America, Europe, Asia-Pacific, and South America. Its warehouses are a crucial component of the supply chain that connects food producers, processors, distributors, and retailers to consumers.
Americold currently pays a quarterly dividend of $0.22 per share, equating to an annualized dividend of $0.88 per share, which gives its stock a yield of about 3.7% at the time of this writing.&nbsp;
While Americold doesn't have a long active streak of dividend increases, it has shown a dedication to growing its dividend when it makes sense for the business. It has raised its annual dividend a total of three times since its initial public offering in 2018.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Want To Grow Your Wealth Passively? <a href="https://www.benzinga.com/go/grow-wealth-passively">These High-Yield Real Estate Notes Might Be Your Holy Grail</a></li>
<li>Whole Foods&#8217; Landlord Has Achieved A 15% Net IRR For Accredited Investors Since 2015 — <a href="https://www.benzinga.com/go/whole-foods-landlord">Discover The Latest Investment Opportunities On Its Platform</a>.</li>
</ul>
Image Credit: Shutterstock

In a positive development for investors, two real estate investment trusts (REITs) recently announced dividend increases. This signals potential opportunities in the real estate market, as these companies strive to deliver enhanced returns to their shareholders.&nbsp;
Let&#8217;s check out each dividend raiser to see if there's a spot for one or both in your portfolio.
<h2 class="wp-block-heading">UDR</h2>
UDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>) owns or has ownership interests in 60,336 apartment homes across some of the most desirable markets in the United States, including Boston, Dallas, Denver, New York City, Orlando, Philadelphia, San Francisco, Seattle, and Washington, D.C.
In its fourth quarter earnings release on February 6, UDR announced a 1.2% increase to its dividend. It now pays a quarterly dividend of $0.425 per share, equating to an annualized rate of $1.70 and giving it a yield of about 4.8% at the time of this writing.
It's also very important to note that UDR is on track for 2024 to mark the 15th consecutive year in which it has raised its annual dividend payment. This track record and its high yield make it one of the most attractive dividend stocks in the entire real estate industry.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.</a></li>
</ul>
<h2 class="wp-block-heading">American Assets Trust</h2>
American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) owns and manages a portfolio of premier office, retail, and residential properties across major U.S. markets, including Southern California, Northern California, Washington, Oregon, Texas and Hawaii.
In its fourth quarter earnings release on February 6, AAT announced a 1.5% increase to its dividend. It now pays a quarterly dividend of $0.335 per share, equating to an annualized rate of $1.34 and giving it a yield of about 6.2% at the time of this writing.
AAT is now on track for 2024 to mark the fourth consecutive year in which it has raised its annual dividend payment.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Unsplash<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"></a>

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) reported quarterly earnings of $0.57 per share. This is a 1.79 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $112.49 million which beat the analyst consensus estimate of $108.29 million by 3.88 percent. This is a 6.12 percent increase over sales of $106.00 million the same period last year.

Earnings

American Assets Trust Q4 FFO $0.57 Up From $0.56 YoY, Sales $112.49M Beat $108.29M Estimate

AEIS

AGCO

AMCR

AMGN

AMRK

AOSL

ARCB

ARMK

ARWR

ASTL

ATEN

ATHM

AUDC

AVNW

AZEK

AZPN

CARR

CEIX

CHKP

CINF

CRNC

CRUS

CTSH

DCPH

DIOD

ENPH

EXEL

FRSH

FTNT

GAIN

GEHC

GILD

HIMX

HLNE

ICHR

INGR

INNV

INSP

INTA

JKHY

KREF

KTCC

LPTV

LSAK

LUMN

MODN

MRCY

MSGS

MSTR

PLUS

QGEN

Earnings Scheduled For February 6, 2024

Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Neutral and raises the price target from $20 to $23.

Price Target

Analyst Ratings

Mizuho Maintains Neutral on American Assets Trust, Raises Price Target to $23

Offerings

American Assets Trust Filed For Mixed Shelf; Size Not Disclosed

Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Neutral and lowers the price target from $21 to $20.

Mizuho Maintains Neutral on American Assets Trust, Lowers Price Target to $20

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) reported quarterly earnings of $0.59 per share. This is a 6.35 percent decrease over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $111.20 million which beat the analyst consensus estimate of $106.87 million by 4.05 percent. This is a 0.16 percent increase over sales of $111.02 million the same period last year.

American Assets Trust Q3 FFO $0.59 Down From $0.63 YoY, Sales $111.20M Beat $106.87M Estimate

Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Neutral and lowers the price target from $22 to $21.

Mizuho Maintains Neutral on American Assets Trust, Lowers Price Target to $21

U.S. stock futures traded mixed this morning on Monday. Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Citius Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctxr#NASDAQ">CTXR</a>) shares dipped 9% to $1.02 in pre-market trading after the company received FDA Complete Response Letter for Lymphir (Denileukin Diftitox) for relapsed/refractory cutaneous T-cell lymphoma.</li>
<li>American Assets Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aat#NYSE">AAT</a>) shares declined 7% to $20.84 in pre-market trading. American Assets Trust recently posted upbeat second-quarter sales.</li>
<li>Gaotu Techedu Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gotu#NYSE">GOTU</a>) shares declined 5.4% to $4.18 in pre-market trading after jumping 14% on Friday.</li>
<li>Westlake Chemical Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wlkp#NYSE">WLKP</a>) shares fell 4.5% to $22.01 in pre-market trading. Westlake Chemical Partners is expected to release its second quarter 2023 earnings on Aug. 3, 2023.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) shares fell 4.5% to $22.35 in pre-market trading. Jefferies recently upgraded the stock from Hold to Buy and raised its price target from $7.8 to $25.3.</li>
<li>SIGA Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/siga#NASDAQ">SIGA</a>) shares declined 4.2% to $5.30 in pre-market trading. SIGA shares gained around 9% on Friday after the company announced a $138 million US government contract for oral and IV TPOXX treatment.</li>
<li>CSX Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csx#NASDAQ">CSX</a>) shares fell 3.6% to $32.60 in pre-market trading. RBC Capital downgraded CSX from Outperform to Sector Perform and announced a $35 price target.</li>
<li>Niu Technologies (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/niu#NASDAQ">NIU</a>) shares slipped 3.5% to $4.14 in pre-market trading. Niu Technologies is expected to report its financial results for the second quarter on Aug. 14, 2023.</li>
</ul>

&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/07/33464731/on-semiconductor-western-digital-and-3-stocks-to-watch-heading-into-monday"> ON Semiconductor, Western Digital And 3 Stocks To Watch Heading Into Monday</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

CSX, Citius Pharmaceuticals And Other Big Stocks Moving Lower In Friday's Pre-Market Session

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) reported quarterly earnings of $0.59 per share. This is a 1.72 percent increase over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $109.72 million which beat the analyst consensus estimate of $105.13 million by 4.37 percent. This is a 5.34 percent increase over sales of $104.16 million the same period last year.

American Assets Trust Q2 EPS $0.59 Up From $0.58 YoY, Sales $109.72M Beat $105.13M Estimate

Guidance

American Assets Trust Sees FY23 FFO $2.28-$2.36, Up 2% YoY

ARCC

ATRC

BANC

BIIB

CALM

CSGP

CVRX

DALN

ENVA

FELE

FFIC

FRME

GATX

GOOG

GOOGL

HAFC

HOUS

HUBB

IBCP

ILPT

IRDM

KALU

KNSA

LILM

LXFR

MANH

MMSI

MSCI

MSFT

MTDR

NXRT

PACW

PCAR

PEBO

PERF

RNST

ROIC

RUSHA

RUSHB

SASR

SBSI

SFNC

SITC

SNAP

SPFI

SPOT

TDOC

Earnings Scheduled For July 25, 2023

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-07-25. Here's what investors need to know before the announcement.
Analysts estimate that American Assets Trust will report an earnings per share (EPS) of $0.15. 
American Assets Trust bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at American Assets Trust's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.66</td>
<td>0.56</td>
<td>0.63</td>
<td>0.58</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.88%</td>
<td>-4.35%</td>
<td>0.07%</td>
<td>0.47%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of American Assets Trust were trading at $21.99 as of July 21. Over the last 52-week period, shares are down 24.57%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/AAT/earnings">To track all earnings releases for American Assets Trust visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: American Assets Trust's Earnings

Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Neutral and raises the price target from $19 to $22.

Mizuho Maintains Neutral on American Assets Trust, Raises Price Target to $22

Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Neutral and lowers the price target from $30 to $19.

Mizuho Maintains Neutral on American Assets Trust, Lowers Price Target to $19

It&rsquo;s often said that a company&rsquo;s prospects can be predicted by stock purchases made by company insiders. Insiders may sell stock for any number of reasons, but purchases are only made because the insider expects to make a profit on shares down the road.
Studies have shown that when the company insider is high up in the organization, such as the CEO or chief financial officer, a purchase of company stock is even more significant for future price performance than when a purchase is made by a director or lower-level executive.
Investors often perk their ears when hearing about high-level executives making large acquisitions of company stock.
Take a look at one real estate investment trust (REIT) that recently had a large number of shares purchased by its CEO.
American Assets Trust Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aat#NYSE">AAT</a>) is a San Diego-based diversified REIT that owns and manages office, retail, hotel and multifamily residential properties throughout the U.S. Its properties are primarily in California, Oregon, Washington and Hawaii.
American Assets Inc. was a private company founded in 1967. In January 2011, it went public and changed its name to American Assets Trust. Today it owns 4.1 million square feet of rentable office space, 3.1 million square feet of retail space, a 369-room hotel and 2,110 multifamily units. Its chairman and CEO is Ernest Rady.
On May 1, in a Form 4 filed with the Securities and Exchange Commission (SEC), Rady purchased 320,000 shares at an average price of $17.78, for approximately $5.69 million.
Don't miss:
<ul style="font-weight: 400;">
<li style="font-weight: 400;" aria-level="1"><a href="https://www.benzinga.com/real-estate/23/05/32268277/how-these-accredited-investors-pulled-in-better-returns-than-warren-buffett">How These Accredited Investors Pulled In Better Returns Than Warren Buffett</a></li>
</ul>
<ul style="font-weight: 400;">
<li style="font-weight: 400;" aria-level="1"><a href="https://www.benzinga.com/real-estate/23/04/31795692/why-warren-buffetts-investing-strategy-is-more-relevant-than-ever-in-todays-real-estate-market">Why Warren Buffett's Investing Strategy Is More Relevant Than Ever In Today's Real Estate Market</a></li>
</ul>
But Rady wasn&rsquo;t done.
Less than a week later, he purchased 180,000 shares at an average price of $18.76, totaling about $3.38 million.&nbsp;&nbsp;
Rady has purchased shares of American Assets Trust before and at higher prices. For example, in November 2022, he bought 50,000 shares at an average price of $27.60, for approximately $1.4 million. He owns just under 12.3 million shares of company stock with a value of $218 million.
Obviously, Rady believes in his company. Should investors be as optimistic? Right now, it seems he has good reasons to be bullish on American Assets Trust. Here&rsquo;s why:&nbsp;
On April 25, American Assets announced its first-quarter 2023 operating results. Funds from operations (FFO) of $0.66 beat the Street&rsquo;s view of $0.56 by 17.8% and was 15.7% better than FFO of $0.57 in the first quarter of 2022. Revenue of $107.75 million beat the estimate of $103.39 million and was 6.19% better than $101.47 million in the first quarter of 2022.
In addition, American Assets raised its full-year 2023 guidance from $2.16-$2.30 to $2.23-$2.33 per share. This was also good news for shareholders.
Analysts have not covered American Assets much lately. In February, Mizuho maintained a Neutral rating on American Assets, with a $30 price target. From its most recent closing price of $18.85, this is a potential upside of 59%.
American Assets Trust pays a quarterly dividend of $0.33 per share. The annual dividend of $1.32 yields 6.98%. Over the past five years, the dividend is up 22.2%. The quarterly dividend was cut from $0.30 to $0.20 in June 2020 because of the pandemic but was raised in increments until reaching $0.30 again in September 2021. The ex-dividend for the next dividend is June 7, and the pay date is June 22.
Investors are advised to do their due diligence on any potential stock purchases, regardless of whether it has insider buying, and insider buying should never be the sole reason for buying shares.
Over the past five years, private market real estate investments have outperformed the publicly traded REIT market by about 50%. Check out Benzinga&rsquo;s <a href="https://www.benzinga.com/alternative-investments">Real Estate Offering Screener</a> to discover the latest passive real estate investments.
Check Out More on Real Estate from Benzinga
<ul style="font-weight: 400;">
<li style="font-weight: 400;" aria-level="1"><a href="https://www.benzinga.com/real-estate/reit/23/04/32014108/while-reits-are-struggling-private-market-real-estate-pulls-in-huge-returns">While REITs Are Struggling, Private Market Real Estate Pulls In Huge Returns</a></li>
<li style="font-weight: 400;" aria-level="1"><a href="https://www.benzinga.com/real-estate/23/02/30913524/people-first-real-estate-fund-shares-rent-with-tenants-while-generating-strong-returns-for-investors">'People-First' Real Estate Fund Shares Rent With Tenants While Generating Strong Returns For Investors</a></li>
</ul>
&nbsp;
&nbsp;
&nbsp;
&nbsp;

This CEO Just Bought Over $9 Million In Company Stock

Although US stocks closed slightly lower on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>ModivCare </h3>
<ul>
<li>The Trade: ModivCare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modv#NASDAQ">MODV</a>) Director Adam Gray <a href="https://www.benzinga.com/quote/MODV/analyst-ratings"> acquired a total 85,088 shares </a> an average price of $54.89. To acquire these shares, it cost around $4.67 million.</li>
<li>What&rsquo;s Happening: ModivCare posted weaker-than-expected quarterly earnings.</li>
<li>What ModivCare Does: ModivCare Inc is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for payors and their members.</li>
</ul>
<h3>American Assets Trust </h3>
<ul>
<li>The Trade: American Assets Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aat#NYSE">AAT</a>) Chairman and CEO Ernest Rady acquired a total of 147,540 shares at an average price of $18.79. To acquire these shares, it cost around $2.77 million.</li>
<li>What&rsquo;s Happening: American Assets Trust posted upbeat quarterly sales.</li>
<li>What American Assets Trust Does: American Assets Trust Inc is a self-administered real estate investment trust based in the United States.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Tyson Foods </h3>
<ul>
<li>The Trade: Tyson Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsn#NYSE">TSN</a>) EVP &amp; Chief People Officer Johanna Soderstrom <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 5,000 shares </a> at an average price of $49.22. To acquire these shares, it cost around $246.11 thousand. The company&rsquo;s President and CEO also purchased 10,350 shares of the company.</li>
<li>What&rsquo;s Happening: Tyson Foods reported a loss for the second quarter and cut its FY23 financial outlook.</li>
<li>What Tyson Foods Does: Tyson Foods is the largest U.S. producer of processed chicken and beef. It&#39;s also a large producer of processed pork and protein-based products under the brands Jimmy Dean, Hillshire Farm, Ball Park, Sara Lee, Aidells, State Fair, and Raised &amp; Rooted, to name a few.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/05/32362810/top-5-industrials-stocks-that-may-explode-in-q2"> Top 5 Industrials Stocks That May Explode In Q2 </a>

Long Ideas

Insider Trades

MODV

$4.7M Bet On ModivCare? Check Out These 3 Stocks Insiders Are Buying

ERNEST RADY, Chairman &amp; CEO at American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>), reported a large insider buy on May 10, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001500217/000150021723000038//Archives/edgar/data/1500217/000150021723000038/0001500217-23-000038-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that RADY purchased 242,140 shares of American Assets Trust. The total transaction amounted to $4,572,917. 
American Assets Trust shares are trading down 1.06% at $18.74 at the time of this writing on Thursday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001500217">Check Out The Full List Of American Assets Trust's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Chairman & CEO of American Assets Trust Makes $4.57M Buy

Although US stocks closed higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Heartland Express </h3>
<ul>
<li>The Trade: Heartland Express, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htld#NASDAQ">HTLD</a>) CEO Michael J Gerdin <a href="https://www.benzinga.com/quote/HTLD/analyst-ratings"> acquired a total 103,254 shares </a> an average price of $14.91. To acquire these shares, it cost around $1.54 million.</li>
<li>What&rsquo;s Happening: Heartland Express posted weaker-than-expected quarterly earnings.</li>
<li>What Heartland Express Does: Heartland Express Inc is engaged in providing truckload services across the United States and Canada. These truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services.</li>
</ul>
<h3>GitLab </h3>
<ul>
<li>The Trade: GitLab Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtlb#NASDAQ">GTLB</a>) Alphabet Inc acquired a total of 706,292 shares at an average price of $27.57. To acquire these shares, it cost around $19.47 million.</li>
<li>What&rsquo;s Happening: RBC Capital recently reiterated GitLab with an Outperform and maintained a $45 price target.</li>
<li>What GitLab Does: GitLab Inc operates on an all-remote model. The company is a technology company whose primary offering is GitLab, a complete DevOps platform delivered as a single application.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>American Assets Trust </h3>
<ul>
<li>The Trade: American Assets Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aat#NYSE">AAT</a>) Chairman and CEO Ernest Rady <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 180,000 shares </a> at an average price of $18.76. To acquire these shares, it cost around $3.38 million.</li>
<li>What&rsquo;s Happening: American Assets Trust posted a rise in quarterly EPS.</li>
<li>What American Assets Trust Does: American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/23/05/32236363/top-5-defensive-stocks-that-may-implode-in-q2"> Top 5 Defensive Stocks That May Implode In Q2 </a>
<h3>MillerKnoll </h3>
<ul>
<li>The Trade: MillerKnoll, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlkn#NASDAQ">MLKN</a>) Director Michael A Volkema <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total 60,200 shares </a> at an average price of $16.61. The insider spent around $1 million to buy those shares.</li>
<li>What&rsquo;s Happening: MillerKnoll posted upbeat Q3 earnings.</li>
<li>What MillerKnoll Does: MillerKnoll Inc, formerly Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe.</li>
</ul>

GTLB

HTLD

MLKN

Over $3M Bet On This Real Estate Stock? Check Out These 4 Stocks Insiders Are Buying

American Assets Trust, Inc. (AAT) Q4 2023 Earnings Call Transcript

REITs finish slightly higher as hope of a rate cut surface again, solid results provide optimism

KeyBanc analyst Todd Thomas reiterated a Hold rating on American Assets (AAT – Research Report) today. The company's shares closed last Friday at $...

KeyBanc Sticks to Its Hold Rating for American Assets (AAT)

American Assets Trust, Inc (AAT) is near the top in its industry group according to InvestorsObserver. AAT gets an overall rating of 51. That means it scores higher than 51 percent of stocks. American Assets Trust, Inc gets a 85 rank in the REIT - Diversified industry. REIT - Diversified is number 110 out of 148 industries

Is American Assets Trust, Inc (AAT) a Leader in the REIT - Diversified Industry?

The market has been down on American Assets Trust, Inc (AAT)  stock recently. AAT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. American Assets Trust, Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AAT!See Full AAT ReportWhat is Stock Senti

Should You Buy American Assets Trust, Inc (AAT) Stock After it Is Down 0.24% in a Week?

InvestorsObserver is giving American Assets Trust, Inc (AAT) an Analyst Rating Rank of 3, meaning AAT is ranked higher by analysts than 3% of stocks. The average price target for AAT is $22.333 and analystâ€&#x2122;s rate the stock as a Hold. Wall Street analysts are rating AAT a Hold today.  Find out what this means to you and get

Do Analysts Expect American Assets Trust, Inc (AAT) Stock to Rise After It Is Lower By -2.13% in a Month?

American Assets Trust, Inc (AAT) is around the middle of the Real Estate sector according to InvestorsObserver.AAT received an overall rating of 61, which means that it scores higher than 61% of stocks. Additionally, American Assets Trust, Inc scored a 66 in the Real Estate sector, ranking it higher than 66% of stocks in t

Will American Assets Trust, Inc (AAT) Stay at the Top of the Real Estate Sector?

American Assets Trust, Inc (AAT) stock is higher by 16.18% over the last 12 months, and the average rating from Wall Street analysts is a Hold. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives AAT stock a score of  45 out of a possible 100. That rank is chiefly influenced by a long-term technical score of 52. AAT's ra