American Assets Trust (NYSE:AAT) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• American Assets Trust's share price has recently crossed above its 200-day moving average, trading at $20.89, with a high of $21.05 during Tuesday's session.
• Analysts have downgraded the stock from a "buy" to a "hold" rating, with Mizuho setting a new price target of $21.00.
• American Assets Trust announced a quarterly dividend of $0.34 per share, representing a dividend yield of 6.5%, and has a high payout ratio of 117.24%.

American Assets Trust, Inc. (NYSE:AAT - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.83 and traded as high as $21.05. American Assets Trust shares last traded at $20.89, with a volume of 251,471 shares.

Wall Street Analyst Weigh In

AAT has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of American Assets Trust from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Wall Street Zen cut shares of American Assets Trust from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.50.

American Assets Trust Trading Up 0.7%

The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.01 and a beta of 1.24. The company's 50 day moving average is $20.11 and its 200 day moving average is $19.83. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.55 and a current ratio of 3.55.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $107.93 million for the quarter, compared to analyst estimates of $107.75 million. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. American Assets Trust has set its FY 2025 guidance at 1.890-2.010 EPS. On average, research analysts forecast that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Thursday, September 4th. American Assets Trust's payout ratio is 117.24%.

Institutional Investors Weigh In On American Assets Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its holdings in shares of American Assets Trust by 13.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,030,121 shares of the real estate investment trust's stock worth $40,887,000 after purchasing an additional 236,376 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of American Assets Trust by 5.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,391,478 shares of the real estate investment trust's stock worth $27,484,000 after purchasing an additional 72,458 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of American Assets Trust by 4.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,253,217 shares of the real estate investment trust's stock worth $24,751,000 after purchasing an additional 53,070 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of American Assets Trust by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust's stock worth $22,696,000 after purchasing an additional 56,553 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of American Assets Trust by 20.4% in the 1st quarter. Allianz Asset Management GmbH now owns 893,652 shares of the real estate investment trust's stock worth $17,998,000 after purchasing an additional 151,541 shares during the last quarter. Institutional investors own 90.41% 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.

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