American Assets Trust (NYSE:AAT) Hits New 52-Week Low – Here’s Why

Shares of American Assets Trust, Inc. (NYSE:AAT) hit a new 52-week low during trading on Wednesday . The stock traded as low as $17.15 and last traded at $17.27, with a volume of 479306 shares. The stock had previously closed at $18.08.

Analyst Ratings Changes

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

American Assets Trust Trading Down 4.5 %

The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 1.80. The business’s fifty day moving average is $21.23 and its two-hundred day moving average is $24.79. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 19.40 and a beta of 1.12.

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

American Assets Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 7.88%. The ex-dividend date was Thursday, March 6th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.34. American Assets Trust’s dividend payout ratio (DPR) is 152.81%.

Institutional Investors Weigh In On American Assets Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in American Assets Trust by 693.7% in the fourth quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust’s stock valued at $17,378,000 after acquiring an additional 578,386 shares during the last quarter. Norges Bank bought a new position in shares of American Assets Trust in the 4th quarter worth $6,010,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in American Assets Trust in the fourth quarter valued at about $4,829,000. Northern Trust Corp lifted its stake in American Assets Trust by 16.0% in the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust’s stock valued at $22,501,000 after buying an additional 118,315 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in American Assets Trust by 112.9% during the fourth quarter. Renaissance Technologies LLC now owns 195,200 shares of the real estate investment trust’s stock worth $5,126,000 after buying an additional 103,500 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

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.