American Assets Trust (AAT): $19.55
Market Cap: $1.52B
Enterprise Value: $2.72B
Insider buying at the private equity firm KKR (KKR) showed up on our list of top five insider purchases for a second week in a row and I wanted to explore the company but we are not seeing widespread buying at other publicly traded PE firms like Apollo Global Management (APO), Blackstone (BX) and TPG (TPG). Blackstone did see some buying from former Google CFO and current Alphabet CIO Ruth Porat, but she has purchased in the past and the purchases are usually not very large,
I decided instead to focus this insider weekends article on a diversified REIT that we have covered multiple times on InsideArbitrage in the past and that saw a $3 million insider purchase by its Executive Chairman and founder Ernest Rady.