Ernest S. Rady, serving as Executive Chairman, Director, and a Ten Percent Owner of American Assets Trust, Inc. (AAT), completed a stock acquisition on June 15, 2026. The transaction involved the purchase of 10,000 shares of the company's common stock, totaling $242,100. These shares were acquired at a price point of $24.21 per share. This acquisition price sits just below the current stock price of $24.28 and remains near the 52-week high of $24.85.
The acquisition serves to increase Mr. Rady's indirect holdings through the Ernest Rady Trust U/D/T March 10, 1983 (ERT). Following this transaction, his indirect stake through this specific trust now stands at 8,426,525 shares. The timing of this purchase is notable given AAT's recent market performance. Shares have risen 33% year-to-date and have gained 30% over the past six months. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value. This valuation metric potentially explains the insider's confidence in adding to his position.
Mr. Rady disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. InvestingPro data reveals that AAT has maintained dividend payments for 16 consecutive years. The stock currently yields 5.57%, a figure that may appeal to income-focused investors like Rady. This data point represents one of 11+ ProTips available to subscribers.
Following this transaction, Mr. Rady also indirectly holds additional shares through several other entities. He holds 2,267,022 shares through American Assets, Inc. (AAI). He holds 1,275,336 shares through Insurance Company of the West (ICW). He holds 1,209,021 shares through Rady Foundation (RF). He holds 200,000 shares through Explorer Insurance Company (EIC). He holds 104,859 shares through Evelyn Shirley Rady Trust U/D/T March 10, 1983 (ESRT). For these indirect holdings, Mr. Rady disclaims beneficial ownership except for his pecuniary interest. Additionally, Mr. Rady directly holds 66,680 shares through his Ernest Rady IRA.
In other recent developments, American Assets Trust reported its first-quarter 2026 earnings. The company revealed an earnings per share (EPS) of $0.08. This figure did not meet analysts' expectations of $0.11. The company's revenue for the quarter was $110.59 million. This revenue figure was slightly below the forecasted $111.12 million.
American Assets Trust has also entered into a Voting Support Agreement with the Ernest Rady Trust, the Evelyn Shirley Rady Trust, and American Assets, Inc. This agreement increases the Rady Trust Group's permitted ownership of the company's common stock to 21.9%. This is an increase from the previous limit of 19.9%. Concurrently, the board reduced the Aggregate Stock Ownership Limit and the Common Stock Ownership Limit for other shareholders to 6.775%. These recent developments reflect significant changes in ownership structure and financial performance for the company.