American Assets Trust (NYSE:AAT) Stock Crosses Below 200 Day Moving Average – Here’s Why

American Assets Trust, Inc. (NYSE:AAT) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $21.53 and traded as low as $21.13. American Assets Trust shares last traded at $21.5130, with a volume of 230,813 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AAT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Assets Trust in a report on Tuesday, August 18th. Morgan Stanley lifted their price target on American Assets Trust from $18.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $21.50.

American Assets Trust Stock Down 0.8%

The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.64. The business’s fifty day moving average price is $21.60 and its 200 day moving average price is $21.53. The company has a market capitalization of $1.32 billion, a P/E ratio of 61.47 and a beta of 0.96.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. American Assets Trust had a return on equity of 1.99% and a net margin of 4.77%. The company had revenue of $114.28 million for the quarter, compared to analyst estimates of $111.87 million. As a group, equities research analysts predict that American Assets Trust, Inc. will post 2.05 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 10th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Thursday, December 10th. American Assets Trust’s payout ratio is currently 388.57%.

Institutional Investors Weigh In On American Assets Trust

Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its holdings in shares of American Assets Trust by 86.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 37,079 shares of the real estate investment trust’s stock worth $788,000 after acquiring an additional 17,186 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in American Assets Trust by 29.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 211,041 shares of the real estate investment trust’s stock valued at $4,571,000 after purchasing an additional 48,600 shares in the last quarter. Global Retirement Partners LLC increased its holdings in American Assets Trust by 6,702.8% during the 3rd quarter. Global Retirement Partners LLC now owns 16,939 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 16,690 shares in the last quarter. Maryland State Retirement & Pension System acquired a new stake in American Assets Trust during the 3rd quarter valued at $230,000. Finally, Illinois Municipal Retirement Fund raised its position in American Assets Trust by 5.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 25,629 shares of the real estate investment trust’s stock valued at $545,000 after purchasing an additional 1,362 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 real estate investment trust that owns, operates and develops a portfolio of retail, office, multifamily and mixed-use properties. Its properties include shopping centers, office buildings, apartment communities and mixed-use developments. The company’s portfolio is concentrated in coastal markets, including Southern and Northern California, Hawaii, Oregon and Washington. American Assets Trust became a publicly traded company in 2011, building on a real estate business with roots dating to 1967.