American Assets Trust (NYSE:AAT) Stock Crosses Above 200 Day Moving Average of $21.87

American Assets Trust, Inc. (NYSE:AAT)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.87 and traded as high as $22.45. American Assets Trust shares last traded at $22.23, with a volume of 97,404 shares traded.

American Assets Trust Trading Up 0.0 %

The firm has a fifty day moving average price of $21.73 and a 200-day moving average price of $21.87. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 24.98 and a beta of 1.29. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.02 and a current ratio of 3.02.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.35). The business had revenue of $110.70 million for the quarter, compared to analyst estimates of $106.39 million. American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. During the same period last year, the firm posted $0.66 EPS. As a group, equities analysts anticipate that American Assets Trust, Inc. will post 2.28 EPS for the current year.

American Assets Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a $0.335 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.34 dividend on an annualized basis and a yield of 6.03%. American Assets Trust’s dividend payout ratio (DPR) is presently 150.56%.

Institutional Investors Weigh In On American Assets Trust

A number of institutional investors have recently made changes to their positions in AAT. Federated Hermes Inc. acquired a new position in American Assets Trust in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC grew its holdings in shares of American Assets Trust by 265.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 2,061 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of American Assets Trust by 19.0% in the fourth quarter. Van ECK Associates Corp now owns 7,706 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 1,229 shares during the last quarter. Inspire Advisors LLC bought a new stake in shares of American Assets Trust in the 1st quarter worth $205,000. Finally, abrdn plc bought a new stake in American Assets Trust in the 4th quarter worth about $206,000. Institutional investors 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.