American Assets Trust (NYSE:AAT) Stock Price Crosses Above Two Hundred Day Moving Average of $20.86

Shares of American Assets Trust, Inc. (NYSE:AAT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.86 and traded as high as $21.84. American Assets Trust shares last traded at $21.14, with a volume of 253,327 shares.

Wall Street Analysts Forecast Growth

Separately, Mizuho dropped their price objective on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd.

American Assets Trust Stock Performance

The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 25.15 and a beta of 1.26. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.93 and a current ratio of 2.93. The company’s 50 day simple moving average is $21.69 and its 200 day simple moving average is $20.86.

American Assets Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $0.335 per share. This is a boost from American Assets Trust’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, March 6th. This represents a $1.34 annualized dividend and a yield of 6.34%. American Assets Trust’s dividend payout ratio (DPR) is presently 159.52%.

Hedge Funds Weigh In On American Assets Trust

Several hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in shares of American Assets Trust by 18.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,738 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 588 shares during the last quarter. Quarry LP grew its stake in shares of American Assets Trust by 37.1% in the 2nd quarter. Quarry LP now owns 2,556 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 691 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of American Assets Trust by 3.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,797 shares of the real estate investment trust’s stock worth $631,000 after purchasing an additional 693 shares during the last quarter. Vident Investment Advisory LLC grew its stake in shares of American Assets Trust by 2.7% in the 4th quarter. Vident Investment Advisory LLC now owns 26,371 shares of the real estate investment trust’s stock worth $699,000 after purchasing an additional 703 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of American Assets Trust by 87.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 856 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.