American Assets Trust (NYSE:AAT) Stock, Quote.Headers.trade-ideas

American Assets Trust

American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are predominantly located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.

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Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Neutral and raises the price target from $26 to $28.

News

Price Target

Analyst Ratings

Mizuho Maintains Neutral on American Assets Trust, Raises Price Target to $28

Morgan Stanley analyst Richard Hill maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Equal-Weight and raises the price target from $23 to $24.

Morgan Stanley Maintains Equal-Weight on American Assets Trust, Raises Price Target to $24

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) raises FY2024 FFO guidance from $2.48-2.54 to $2.51-2.55 vs $2.46 analyst estimate..

Guidance

American Assets Trust Raises FY2024 FFO Guidance from $2.48-2.54 to $2.51-2.55 vs $2.46 Est

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.65 by 9.23 percent. The company reported quarterly sales of $122.810 million which beat the analyst consensus estimate of $111.355 million by 10.29 percent. This is a 10.44 percent increase over sales of $111.198 million the same period last year.

Earnings

Earnings Beats

American Assets Trust Q3 2024 FFO $0.71 Beats $0.65 Estimate, Sales $122.810M Beat $111.355M Estimate

American Assets Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) (the "company") today announced that its operating partnership, American Assets Trust, L.P. (the "operating partnership"), has priced a public offering of $525 million aggregate principal amount of 6.150% senior notes due 2034 (the "Notes"). The Notes were priced at 99.671% of the principal amount and will mature on October 1, 2034. The offering is expected to settle on September 17, 2024, subject to the satisfaction of customary closing conditions. The Notes will be fully and unconditionally guaranteed by the company. &nbsp;

Offerings

American Assets Trust Announces Pricing Of $525M Of 6.150% Senior Unsecured Notes Due 2034

Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Neutral and raises the price target from $22 to $26.

Mizuho Maintains Neutral on American Assets Trust, Raises Price Target to $26

American Assets Trust Increases 2024 FFO Per Share Guidance From $2.24 - $2.34 To $2.48 - $2.54; Est $2.31

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.54 by 11.11 percent. This is a 1.69 percent increase over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $110.890 million which beat the analyst consensus estimate of $108.896 million by 1.83 percent. This is a 1.07 percent increase over sales of $109.721 million the same period last year.

American Assets Trust Q2 2024 FFO $0.60 Beats $0.54 Estimate, Sales $110.890M Beat $108.896M Estimate

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.
Let's take a look at two REITs with yields up to 6.2% that have been growing their dividends in recent years.
<h2 class="wp-block-heading">Terreno Realty Corporation</h2>
Terreno Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRNO#NYSE">TRNO</a>) owns and manages a portfolio of industrial properties across six major coastal U.S. markets &#8211; Seattle, the San Francisco Bay Area, Los Angeles, Miami, Washington D.C., and Northern New Jersey / New York City.
Terreno currently pays a quarterly dividend of $0.45 per share, equating to an annualized dividend of $1.80 per share, which gives its stock a yield of about 3.3% at the time of this writing.&nbsp;
On top of having a high yield, Terreno is a dividend-growth superstar. It has raised its dividend every year since paying its first dividend in 2011, putting it on track for 2024 to mark the 13th consecutive year with an increase.
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<li>Want To Grow Your Wealth Passively? Unlock Real Wealth with <a href="https://www.benzinga.com/money/cityfunds-yield">Cityfunds&#8217; Exclusive 8% Yield Fund</a>.</li>
</ul>
<h2 class="wp-block-heading">American Assets Trust</h2>
American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) owns and manages a portfolio of premier office, retail, and residential properties primarily across Southern California, Northern California, Washington, Oregon, Texas, and Hawaii.
AAT currently pays a quarterly dividend of $0.335 per share, equating to an annualized dividend of $1.34 per share, which gives its stock a yield of about 6.2% at the time of this writing.
In addition to having a high yield, AAT is an up-and-coming dividend-growth star. It has raised its annual dividend payment each of the last three years, and its 1.5% hike in February has it on track for 2024 to mark the fourth consecutive year with an increase.
Read Next:
<ul>
<li>Dara Khosrowshahi-Backed Startup Lets You <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">Become a Landlord with $100</a>.</li>
<li>Miami Is Expected To Take New York's Place As The US Financial Capital. <a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital">Invest In It With $500 Before That Happens</a>. </li>
</ul>

American Assets Trust Increases 2024 FFO Per Share Guidance From $2.19-$2.33 To $2.24-$2.34, Est $2.30

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.66 by 7.58 percent. This is a 7.58 percent increase over earnings of $0.66 per share from the same period last year. The company reported quarterly sales of $110.695 million which beat the analyst consensus estimate of $110.512 million by 0.17 percent. This is a 2.73 percent increase over sales of $107.754 million the same period last year.

American Assets Trust Q1 2024 FFO $0.71 Beats $0.66 Estimate, Sales $110.695M Beat $110.512M Estimate

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.
Let's take a look at two REITs with yields up to 6.3% that have been growing their dividends in recent years.
<h2 class="wp-block-heading">American Assets Trust</h2>
American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) owns and manages a portfolio of premier office, retail, and residential properties across major U.S. markets, including Southern California, Northern California, Washington, Oregon, Texas and Hawaii.
AAT currently pays a quarterly dividend of $0.335 per share, equating to an annualized rate of $1.34, which gives its stock a yield of about 6.3% at the time of this writing.
In addition to having a very high yield, AAT is becoming a dividend-growth star. It has raised its annual dividend payment for three consecutive years, and its 1.5% hike in February has it on track for 2024 to mark the fourth consecutive year with an increase.
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<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
</ul>
<h2 class="wp-block-heading">Americold Realty Trust</h2>
Americold Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COLD#NYSE">COLD</a>) owns and/or operates 245 temperature-controlled warehouses containing approximately 1.5 billion refrigerated cubic feet of storage across North America, Europe, Asia-Pacific, and South America. Its warehouses are a crucial component of the supply chain that connects food producers, processors, distributors, and retailers to consumers.
Americold currently pays a quarterly dividend of $0.22 per share, equating to an annualized dividend of $0.88 per share, which gives its stock a yield of about 3.7% at the time of this writing.&nbsp;
While Americold doesn't have a long active streak of dividend increases, it has shown a dedication to growing its dividend when it makes sense for the business. It has raised its annual dividend a total of three times since its initial public offering in 2018.
<h2 class="wp-block-heading">Read Next:</h2>
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</ul>
Image Credit: Shutterstock

In a positive development for investors, two real estate investment trusts (REITs) recently announced dividend increases. This signals potential opportunities in the real estate market, as these companies strive to deliver enhanced returns to their shareholders.&nbsp;
Let&#8217;s check out each dividend raiser to see if there's a spot for one or both in your portfolio.
<h2 class="wp-block-heading">UDR</h2>
UDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>) owns or has ownership interests in 60,336 apartment homes across some of the most desirable markets in the United States, including Boston, Dallas, Denver, New York City, Orlando, Philadelphia, San Francisco, Seattle, and Washington, D.C.
In its fourth quarter earnings release on February 6, UDR announced a 1.2% increase to its dividend. It now pays a quarterly dividend of $0.425 per share, equating to an annualized rate of $1.70 and giving it a yield of about 4.8% at the time of this writing.
It's also very important to note that UDR is on track for 2024 to mark the 15th consecutive year in which it has raised its annual dividend payment. This track record and its high yield make it one of the most attractive dividend stocks in the entire real estate industry.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.</a></li>
</ul>
<h2 class="wp-block-heading">American Assets Trust</h2>
American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) owns and manages a portfolio of premier office, retail, and residential properties across major U.S. markets, including Southern California, Northern California, Washington, Oregon, Texas and Hawaii.
In its fourth quarter earnings release on February 6, AAT announced a 1.5% increase to its dividend. It now pays a quarterly dividend of $0.335 per share, equating to an annualized rate of $1.34 and giving it a yield of about 6.2% at the time of this writing.
AAT is now on track for 2024 to mark the fourth consecutive year in which it has raised its annual dividend payment.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Unsplash<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"></a>

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) reported quarterly earnings of $0.57 per share. This is a 1.79 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $112.49 million which beat the analyst consensus estimate of $108.29 million by 3.88 percent. This is a 6.12 percent increase over sales of $106.00 million the same period last year.

American Assets Trust Q4 FFO $0.57 Up From $0.56 YoY, Sales $112.49M Beat $108.29M Estimate

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Earnings Scheduled For February 6, 2024

Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Neutral and raises the price target from $20 to $23.

Mizuho Maintains Neutral on American Assets Trust, Raises Price Target to $23

American Assets Trust Filed For Mixed Shelf; Size Not Disclosed

Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Neutral and lowers the price target from $21 to $20.

Mizuho Maintains Neutral on American Assets Trust, Lowers Price Target to $20

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) reported quarterly earnings of $0.59 per share. This is a 6.35 percent decrease over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $111.20 million which beat the analyst consensus estimate of $106.87 million by 4.05 percent. This is a 0.16 percent increase over sales of $111.02 million the same period last year.

American Assets Trust Q3 FFO $0.59 Down From $0.63 YoY, Sales $111.20M Beat $106.87M Estimate

Mizuho analyst Haendel St. Juste maintains American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) with a Neutral and lowers the price target from $22 to $21.

Mizuho Maintains Neutral on American Assets Trust, Lowers Price Target to $21

American Assets Trust FFO of $0.71 beats by $0.11, revenue of $122.81M beats by $11.45M

An announcement from American Assets ( ($AAT) ) is now available. American Assets Trust, Inc. reported strong financial results for Q3 2024, with n...

American Assets Reports Strong Q3 2024 Financial Results

American Assets Trust declares $0.335 dividend

American Assets Trust, Inc. (AAT) Q3 2024 Earnings Call Transcript

American Assets ( ($AAT) ) just unveiled an update. American Assets Trust, Inc. is set to engage with investors and analysts at the NAREIT REITworl...

American Assets Trust to Present at NAREIT Conference

W. P. Carey: Staying The Course With This Name

The State Of REITs: November 2024 Edition

American Assets Trust: A Quality Small-Cap REIT No One Is Talking About... But Should

American Assets ( ($AAT) ) just unveiled an announcement. American Assets Trust, Inc. has announced leadership changes effective January 1, 2025, w...

American Assets Trust Announces Leadership Changes for 2025

Goldilocks Data Upholds Fed Cut

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Dividends

Press Releases

American Assets Trust, Inc. Releases Tax Status of 2023 Distributions

American Assets Trust, Inc. Reports Fourth Quarter and Year End 2023 Financial Results

American Assets Trust, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call Information

American Assets Trust, Inc. Reports First Quarter 2024 Financial Results

American Assets Trust, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call Information

American Assets Trust, Inc. Reports Second Quarter 2024 Financial Results

American Assets Trust, Inc. Announces Pricing of $525 Million of 6.150% Senior Unsecured Notes Due 2034

American Assets Trust, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call Information

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