American Assets Trust Founder Ernest Rady Buy $3.7 Million Shares in a Resoundingly Bullish Move

Ernest Rady, founder and Executive Chairman of American Assets Trust, purchased approximately 166,600 shares worth $3.7 million at $22.45 per share, increasing his total stake to 14.4 million shares (23% of equity). The insider purchase is viewed as a bullish signal, as insiders typically only buy when they believe share prices will rise. The company is a diversified REIT with a 6%+ dividend yield, operating premium office, retail, and residential properties across high-barrier-to-entry U.S. markets.