American Assets Trust (NYSE:AAT) Reaches New 52-Week Low – Should You Sell?

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

Wall Street Analyst Weigh In

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

American Assets Trust Stock Down 3.5 %

The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.01 and a beta of 1.33. The business has a 50-day moving average of $21.64 and a 200-day moving average of $25.01. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17.

American Assets Trust (NYSE:AAT) last announced 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, sell-side analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current year.

American Assets Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis 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 152.81%.

Hedge Funds Weigh In On American Assets Trust

Several hedge funds have recently bought and sold shares of AAT. Loomis Sayles & Co. L P purchased a new stake in American Assets Trust during the fourth quarter worth about $44,000. Quarry LP grew its holdings in shares of American Assets Trust by 131.3% in the third quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,228 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in American Assets Trust during the 4th quarter worth approximately $63,000. Smartleaf Asset Management LLC lifted its holdings in 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 buying an additional 1,711 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in American Assets Trust by 62.7% in the 4th quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 1,089 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.