American Assets Trust (NYSE:AAT) Reaches New 1-Year Low – What’s Next?

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

Wall Street Analyst Weigh In

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

American Assets Trust Stock Down 3.5 %

The company has a market cap of $1.14 billion, a P/E ratio of 21.01 and a beta of 1.33. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. The business’s fifty day moving average is $21.64 and its two-hundred day moving average is $25.01.

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

American Assets Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 7.27%. This is a boost from American Assets Trust’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 6th. American Assets Trust’s dividend payout ratio is presently 152.81%.

Hedge Funds Weigh In On American Assets Trust

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of American Assets Trust by 693.7% during the 4th quarter. Wellington Management Group LLP now owns 661,763 shares of the real estate investment trust’s stock worth $17,378,000 after purchasing an additional 578,386 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in American Assets Trust during the 4th quarter valued at approximately $4,829,000. Jefferies Financial Group Inc. purchased a new position in shares of American Assets Trust in the fourth quarter worth $858,000. Public Employees Retirement System of Ohio acquired a new stake in shares of American Assets Trust during the fourth quarter worth $1,792,000. Finally, Alpine Global Management LLC purchased a new stake in shares of American Assets Trust during the fourth quarter valued at $292,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

About American Assets Trust

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.