American Assets Trust (NYSE:AAT) Sets New 12-Month Low - Here's What Happened

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

Analysts Set New Price Targets

Separately, Mizuho reduced their target price on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th.

American Assets Trust Stock Down 4.5 %

The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The business's fifty day simple moving average is $21.23 and its two-hundred day simple moving average is $24.79. The company has a market cap of $1.06 billion, a PE ratio of 19.40 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 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.41. American Assets Trust had a return on equity of 4.98% and a net margin of 12.40%. On average, analysts predict 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 announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.34 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.36 dividend on an annualized basis and a yield of 7.88%. This is a boost from American Assets Trust's previous quarterly dividend of $0.34. American Assets Trust's dividend payout ratio (DPR) is currently 152.81%.

Institutional Investors Weigh In On American Assets Trust

A number of institutional investors and hedge funds have recently modified their holdings of AAT. Wellington Management Group LLP raised its position 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 valued at $17,378,000 after purchasing an additional 578,386 shares during the last quarter. Norges Bank acquired a new position in shares of American Assets Trust in the fourth quarter valued at approximately $6,010,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in American Assets Trust during the fourth quarter worth about $4,829,000. Northern Trust Corp grew its position in American Assets Trust by 16.0% in the fourth quarter. Northern Trust Corp now owns 856,868 shares of the real estate investment trust's stock valued at $22,501,000 after acquiring an additional 118,315 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in American Assets Trust by 112.9% in the 4th quarter. Renaissance Technologies LLC now owns 195,200 shares of the real estate investment trust's stock worth $5,126,000 after purchasing an additional 103,500 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

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.