American Assets Trust (NYSE:AAT) Sets New 1-Year Low – Time to Sell?

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

Analyst Upgrades and Downgrades

Separately, Mizuho dropped their price objective on shares of 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 Price Performance

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 firm’s fifty day simple moving average is $23.09 and its 200 day simple moving average is $25.72. The firm has a market cap of $1.23 billion, a P/E ratio of 22.58 and a beta of 1.33.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS 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%. As a group, analysts forecast that American Assets Trust, Inc. will post 1.94 earnings per share for the current year.

American Assets Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.34 dividend. 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. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.77%. American Assets Trust’s dividend payout ratio (DPR) is presently 152.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AAT. Van ECK Associates Corp lifted its holdings in shares of American Assets Trust by 15.0% in the 3rd quarter. Van ECK Associates Corp now owns 9,457 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 1,232 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in American Assets Trust by 25.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,039 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 3,607 shares during the period. Intech Investment Management LLC raised its position in American Assets Trust by 5.1% in the 3rd quarter. Intech Investment Management LLC now owns 11,893 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 582 shares during the period. Charles Schwab Investment Management Inc. raised its position in American Assets Trust by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,684 shares of the real estate investment trust’s stock worth $39,404,000 after purchasing an additional 35,688 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in American Assets Trust by 3.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 15,504 shares of the real estate investment trust’s stock worth $414,000 after purchasing an additional 446 shares during the period. 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.