Ernest Rady purchases $3.7 million in American Assets Trust shares

Ernest S. Rady, the founder and Executive Chairman of American Assets Trust, Inc., has purchased approximately 166,600 shares of common stock. The transaction, valued at roughly $3.7 million, was executed at a weighted average price of $22.45 per share, according to an SEC Form 4 filing. Following this acquisition, Rady holds a total of approximately 14.4 million shares, the majority of which are held through various indirect entities including the Ernest Rady Trust and the Rady Foundation.

Separately, REalloys (NASDAQ: ALOY) received a rating upgrade from Wall Street Zen, moving from a ‘sell’ to a ‘hold’ rating. While Needham & Company LLC recently reduced its price target for REalloys from $19.00 to $16.00, they maintained a ‘buy’ rating. The company currently holds a market capitalization of $696.80 million.