American Assets Trust (NYSE:AAT) Reaches New 12-Month Low – Here’s What Happened

Shares of American Assets Trust, Inc. (NYSE:AAT) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.01 and last traded at $20.15, with a volume of 99317 shares traded. The stock had previously closed at $20.39.

Wall Street Analyst Weigh In

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

American Assets Trust Stock Down 0.6 %

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 stock has a market cap of $1.24 billion, a P/E ratio of 22.80 and a beta of 1.33. The firm has a 50-day simple moving average of $23.34 and a two-hundred day simple moving average of $25.80.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, topping 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%. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.71%. This is an increase from American Assets Trust’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 6th. American Assets Trust’s payout ratio is presently 152.81%.

Hedge Funds Weigh In On American Assets Trust

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its position in shares of American Assets Trust by 142.8% in the 3rd quarter. Jane Street Group LLC now owns 90,078 shares of the real estate investment trust’s stock valued at $2,407,000 after buying an additional 52,977 shares in the last quarter. JPMorgan Chase & Co. increased its stake in American Assets Trust by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 584,529 shares of the real estate investment trust’s stock valued at $15,619,000 after acquiring an additional 72,579 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in American Assets Trust by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust’s stock valued at $39,404,000 after purchasing an additional 35,688 shares in the last quarter. Barclays PLC lifted its stake in American Assets Trust by 110.5% during the third quarter. Barclays PLC now owns 110,220 shares of the real estate investment trust’s stock worth $2,946,000 after purchasing an additional 57,850 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of American Assets Trust in the 3rd quarter valued at $217,000. Institutional investors own 90.43% of the company’s stock.

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.