Ernest S. Rady, who serves as the Executive Chairman of American Assets Trust, Inc. (NYSE:AAT), recently acquired a substantial amount of the company's common stock through open market transactions. The total value of these recent purchases amounted to approximately $1,699,773. These acquisitions were spread over three specific days: May 19, May 20, and May 21, 2026.
At the time of these filings, AAT shares were trading at a price of $22.15, nearing the stock's 52-week high mark of $21.78. Analysis from InvestingPro suggested that, relative to its Fair Value, the stock appeared undervalued.
Details of Recent Acquisitions
A Form 4 filing disclosed the specifics of Mr. Rady's purchases. In total, he acquired 78,855 shares. The purchase prices varied across these three days, ranging from $21.15 to $21.70 per share.
- On May 19, 2026, Mr. Rady purchased 17,319 shares at a price of $21.15 per share.
- The next day, May 20, 2026, involved the acquisition of an additional 4,880 shares, which were bought at $21.32 per share.
- The largest single transaction took place on May 21, 2026, when he purchased 56,656 shares at $21.70 per share.
A significant portion of these acquired shares was handled indirectly through the Ernest Rady Trust U/D/T March 10, 1983 (