The $69K purchase is too small to signal a material conviction view. Monitor for larger insider buys or a cluster of buys from multiple executives to confirm bullish sentiment. The next catalyst is Q3 2026 earnings in late October — watch for any change in FFO guidance.
Price Chart
Executive Summary
Executive Chairman Ernest S. Rady made an open-market purchase of 3,000 AAT shares at $23.04, totaling $69K, on August 5, 2026. This follows a larger $748K purchase on August 7 (reported in the cluster context) and comes 10 days after Q2 2026 earnings that were in line with consensus but showed modest same-store NOI growth. While a single insider buy is a recognized bullish signal, the $69K amount is trivial relative to AAT's $1.4B market cap (0.005%), and the company's fundamentals show no near-term catalyst for upside.
Key Financial Metrics
Key Facts
- Executive Chairman Ernest S. Rady purchased 3,000 shares at $23.04 on August 5, 2026, for $69,120.
- This is a single open-market purchase (Form 4 code P), not a cluster.
- The $69K purchase is 0.005% of AAT's $1.4B market cap — trivial in size.
- The purchase follows AAT's Q2 2026 earnings (July 28), which were in line with consensus FFO of $0.51 and showed modest 0.3% same-store NOI growth.
- AAT's analyst consensus is 0% bullish (0 Strong Buy, 4 Hold, 5 Sell, 1 Strong Sell).
Financial Impact
Insider purchase of $69K is 0.005% of market cap — immaterial to company valuation.
Risk Factors
- The purchase amount is trivial relative to market cap and may be a routine portfolio adjustment.
- Analyst consensus is heavily bearish (10 out of 10 ratings are Hold or worse), suggesting limited upside expectation.
- Q2 same-store NOI growth of 0.3% YoY indicates stagnant operating performance with no clear catalyst.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001221359-26-000035 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | Press Release | $21.39 $21.61 | ▲ +1.03% | ▼ −0.27% | $21.41 (+0.09%) |
Sep 16, 2026 5w ago | Insider Buy | $22.13 $21.49 | ▼ −2.89% | ▼ −3.49% | $21.41 (−3.25%) |
Sep 2, 2026 7w ago | Insider Buy | $22.16 $21.50 | ▼ −2.98% | ▼ −1.83% | $21.41 (−3.38%) |
Aug 28, 2026 8w ago | Insider Buy | $22.46 $21.83 | ▼ −2.81% | ▼ −2.66% | $21.41 (−4.67%) |
Aug 26, 2026 8w ago | Insider Buy | $22.50 $22.16 | ▼ −1.51% | ▼ −1.78% | $21.41 (−4.84%) |
Aug 21, 2026 9w ago | Insider Buy | $23.00 $22.46 | ▼ −2.35% | ▼ −2.82% | $21.41 (−6.91%) |
Aug 19, 2026 9w ago | Insider Buy | $22.83 $22.50 | ▼ −1.45% | ▼ −2.56% | $21.41 (−6.22%) |
Aug 14, 2026 10w ago | Insider Buy | $22.65 $23.00 | ▲ +1.55% | ▲ +2.74% | $21.41 (−5.47%) |
Aug 12, 2026 10w ago | Insider Buy | $22.96 $22.83 | ▼ −0.57% | ▲ +1.40% | $21.41 (−6.75%) |
Aug 12, 2026 10w ago | Institutional Cluster | $22.56 $22.80 | ▲ +1.06% | ▲ +1.51% | $21.41 (−5.10%) |
US Market Status
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