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American Assets Trust said on February 7, 2023 that its board of directors declared a regular
quarterly dividend of $0.33 per share ($1.32 annualized).
Shareholders of record as of March 8, 2023
will receive the payment on March 23, 2023.
Previously, the company paid $0.32 per share.
At the current share price of $26.45 / share,
the stock’s dividend yield is 4.99%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.22%,
the lowest has been 2.30%,
and the highest has been 5.44%.
The standard deviation of yields is 0.75 (n=236).
The current dividend yield is
2.35 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 1.84.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.10%,
demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 25.33% Upside
As of February 11, 2023,
the average one-year price target for American Assets Trust is $33.15.
The forecasts range from a low of $28.28 to a high of $46.20.
The average price target represents an increase of 25.33% from its latest reported closing price of $26.45.
The projected annual EPS
is $0.18, a decrease of 75.09%.
What is the Fund Sentiment?
There are 486 funds or institutions reporting positions in American Assets Trust.
This is a decrease
of
16
owner(s) or 3.19% in the last quarter.
Average portfolio weight of all funds dedicated to AAT is 0.29%,
an increase
of 0.73%.
Total shares owned by institutions decreased
in the last three months by 2.34% to 63,953K shares.
The put/call ratio of AAT is 1.45, indicating a
bearish
outlook.
What are large shareholders doing?
American Assets
holds 7,365K shares
representing 12.17% ownership of the company.
In it’s prior filing, the firm reported owning 7,335K shares, representing
an increase
of 0.41%.
The firm
decreased
its portfolio allocation in AAT by 0.25% over the last quarter.
IJR – iShares Core S&P Small-Cap ETF
holds 3,806K shares
representing 6.29% ownership of the company.
In it’s prior filing, the firm reported owning 3,676K shares, representing
an increase
of 3.42%.
The firm
decreased
its portfolio allocation in AAT by 8.99% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
holds 2,334K shares
representing 3.86% ownership of the company.
In it’s prior filing, the firm reported owning 2,357K shares, representing
a decrease
of 1.00%.
The firm
increased
its portfolio allocation in AAT by 8.38% over the last quarter.
Macquarie Group
holds 1,595K shares
representing 2.63% ownership of the company.
In it’s prior filing, the firm reported owning 1,574K shares, representing
an increase
of 1.32%.
The firm
decreased
its portfolio allocation in AAT by 64.40% over the last quarter.
American Assets Investment Management
holds 1,475K shares
representing 2.44% ownership of the company.
No change in the last quarter.
American Assets Trust Background Information
(This description is provided by the company.)
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The Company has over 50 years of 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, Oregon, Washington and Hawaii. The Company’s office portfolio comprises approximately 3.4 million square feet, and its retail portfolio comprises approximately 3.1 million rentable square feet. In addition, the Company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,112 multifamily units. In 2011, the Company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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