American Assets Trust (NYSE:AAT) Sets New 12-Month Low – What’s Next?

American Assets Trust, Inc. (NYSE:AAT)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $19.44 and last traded at $19.55, with a volume of 94368 shares. The stock had previously closed at $20.40.

Analyst Upgrades and Downgrades

Separately, Mizuho reduced their price target on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th.

American Assets Trust Stock Down 5.0 %

The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 21.80 and a beta of 1.33. The firm’s 50 day simple moving average is $21.85 and its two-hundred day simple moving average is $25.10.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. On average, equities analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a yield of 7.02%. American Assets Trust’s payout ratio is currently 152.81%.

Institutional Trading of American Assets Trust

Large investors have recently modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new position in American Assets Trust in the fourth quarter valued at about $44,000. Quarry LP raised its position in shares of American Assets Trust by 131.3% in the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,228 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of American Assets Trust in the 4th quarter valued at approximately $63,000. Smartleaf Asset Management LLC lifted its holdings in shares of American Assets Trust by 227.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,463 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 1,711 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of American Assets Trust by 62.7% during the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 1,089 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.