American Assets Trust (NYSE:AAT) Reaches New 12-Month Low - Should You Sell?

American Assets Trust, Inc. (NYSE:AAT - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $17.15 and last traded at $17.27, with a volume of 479306 shares. The stock had previously closed at $18.08.

Analyst Upgrades and Downgrades

Separately, Mizuho decreased their price objective on 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 current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.80. The business's 50-day simple moving average is $20.76 and its two-hundred day simple moving average is $24.55. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 21.03 and a beta of 1.12.

American Assets Trust (NYSE:AAT - Get Free Report) last issued 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, research analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.34 dividend. 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. This represents a $1.36 annualized dividend and a yield of 7.26%. American Assets Trust's dividend payout ratio (DPR) is presently 152.81%.

Hedge Funds Weigh In On American Assets Trust

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in American Assets Trust by 693.7% in 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 acquiring an additional 578,386 shares during the last quarter. Norges Bank bought a new position in shares of American Assets Trust in the fourth quarter valued at approximately $6,010,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of American Assets Trust during the 4th quarter valued at $4,829,000. Northern Trust Corp increased its stake in American Assets Trust by 16.0% in the 4th quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock worth $22,501,000 after acquiring an additional 118,315 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in American Assets Trust by 112.9% during the fourth quarter. Renaissance Technologies LLC now owns 195,200 shares of the real estate investment trust's stock valued at $5,126,000 after purchasing an additional 103,500 shares during the last quarter. 90.43% of the stock is owned by 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.