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20900.0 | 2023-10-26 00:00:00 UTC | 3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income | AAT | https://www.nasdaq.com/articles/3-top-ranked-dividend-stocks%3A-a-smarter-way-to-boost-your-retirement-income-100 | nan | nan | Here's an eye-opening statistic: older Americans are more afraid of running out of money than of death itself.
And older Americans have legitimate reasons for this worry, even if they have dutifully saved for their golden years. That's because the traditional ways people manage retirement may no longer provide enough income to meet expenses - and with people generally living longer, the principal retirement savings is exhausted far too early in the retirement period.
Retirement investing approaches of the past don't work today.
For example, 10-year Treasury bonds in the late 1990s offered a yield of around 6.50%, which translated to an income source you could count on. However, today's yield is much lower and probably not a viable return option to fund typical retirements.
The impact of this rate decline is sizable: over 20 years, the difference in yield for a $1 million investment in 10-year Treasuries is more than $1 million.
In addition to the considerable drop in bond yields, today's retirees are nervous about their future Social Security benefits. Because of certain demographic factors, it's been estimated that the funds that pay the Social Security benefits will run out of money in 2035.
Unfortunately, it looks like the two traditional sources of retirement income - bonds and Social Security - may not be able to adequately meet the needs of present and future retirees. But what if there was another option that could provide a steady, reliable source of income in retirement?
Invest in Dividend Stocks
We feel that these dividend-paying equities - as long as they are from high-quality, low-risk issuers - can give retirement investors a smart option to replace low-yielding Treasury bonds (or other bonds).
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.33 per share, with a dividend yield of 7.54%. This compares to the REIT and Equity Trust - Retail industry's yield of 5.31% and the S&P 500's yield of 1.76%. The company's annualized dividend growth in the past year was 3.13%. Check American Assets Trust (AAT) dividend history here>>>
Bank of America (BAC) is paying out a dividend of $0.24 per share at the moment, with a dividend yield of 3.76% compared to the Banks - Major Regional industry's yield of 5.06% and the S&P 500's yield. The annualized dividend growth of the company was 9.09% over the past year. Check Bank of America (BAC) dividend history here>>>
Currently paying a dividend of $0.34 per share, Mercantile Bank (MBWM) has a dividend yield of 4.28%. This is compared to the Banks - Midwest industry's yield of 3.81% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 6.25%. Check Mercantile Bank (MBWM) dividend history here>>>
But aren't stocks generally more risky than bonds?
The fact is that stocks, as an asset class, carry more risk than bonds. To counterbalance this, invest in superior quality dividend stocks that not only can grow over time but more significantly, can also decrease your overall portfolio volatility with respect to the broader stock market.
A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you're thinking, "I want to invest in a dividend-focused ETF or mutual fund," make sure to do your homework. It's important to know that some mutual funds and specialized ETFs charge high fees, which may diminish your dividend gains or income and thwart the overall objective of this investment strategy. If you do want to invest in fund, research well to identify the best-quality dividend funds with the least charges.
Bottom Line
Seeking steady, consistent income through dividends can be a smart option for financial security in retirement, whether you invest in mutual funds, ETFs, or in dividend-paying stocks.
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American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
Bank of America Corporation (BAC) : Free Stock Analysis Report
Mercantile Bank Corporation (MBWM) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.33 per share, with a dividend yield of 7.54%. Check American Assets Trust (AAT) dividend history here>>> Bank of America (BAC) is paying out a dividend of $0.24 per share at the moment, with a dividend yield of 3.76% compared to the Banks - Major Regional industry's yield of 5.06% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report Mercantile Bank Corporation (MBWM) : Free Stock Analysis Report To read this article on Zacks.com click here. | Check American Assets Trust (AAT) dividend history here>>> Bank of America (BAC) is paying out a dividend of $0.24 per share at the moment, with a dividend yield of 3.76% compared to the Banks - Major Regional industry's yield of 5.06% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report Mercantile Bank Corporation (MBWM) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) is currently shelling out a dividend of $0.33 per share, with a dividend yield of 7.54%. | Check American Assets Trust (AAT) dividend history here>>> Bank of America (BAC) is paying out a dividend of $0.24 per share at the moment, with a dividend yield of 3.76% compared to the Banks - Major Regional industry's yield of 5.06% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report Mercantile Bank Corporation (MBWM) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) is currently shelling out a dividend of $0.33 per share, with a dividend yield of 7.54%. | American Assets Trust (AAT) is currently shelling out a dividend of $0.33 per share, with a dividend yield of 7.54%. Check American Assets Trust (AAT) dividend history here>>> Bank of America (BAC) is paying out a dividend of $0.24 per share at the moment, with a dividend yield of 3.76% compared to the Banks - Major Regional industry's yield of 5.06% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report Mercantile Bank Corporation (MBWM) : Free Stock Analysis Report To read this article on Zacks.com click here. |
20901.0 | 2023-10-24 00:00:00 UTC | Compared to Estimates, American Assets Trust (AAT) Q3 Earnings: A Look at Key Metrics | AAT | https://www.nasdaq.com/articles/compared-to-estimates-american-assets-trust-aat-q3-earnings%3A-a-look-at-key-metrics | nan | nan | For the quarter ended September 2023, American Assets Trust (AAT) reported revenue of $111.2 million, up 0.2% over the same period last year. EPS came in at $0.59, compared to $0.21 in the year-ago quarter.
The reported revenue represents a surprise of +2.64% over the Zacks Consensus Estimate of $108.34 million. With the consensus EPS estimate being $0.55, the EPS surprise was +7.27%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how American Assets Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Other property income: $5.70 million versus $6.52 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.7% change.
Revenue- Rental income: $105.49 million versus $101.07 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
Net income (loss) per share-Diluted: $0.20 compared to the $0.17 average estimate based on two analysts.
View all Key Company Metrics for American Assets Trust here>>>
Shares of American Assets Trust have returned -7.3% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the quarter ended September 2023, American Assets Trust (AAT) reported revenue of $111.2 million, up 0.2% over the same period last year. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. | For the quarter ended September 2023, American Assets Trust (AAT) reported revenue of $111.2 million, up 0.2% over the same period last year. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how American Assets Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Other property income: $5.70 million versus $6.52 million estimated by two analysts on average. | Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. For the quarter ended September 2023, American Assets Trust (AAT) reported revenue of $111.2 million, up 0.2% over the same period last year. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. | For the quarter ended September 2023, American Assets Trust (AAT) reported revenue of $111.2 million, up 0.2% over the same period last year. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. The reported revenue represents a surprise of +2.64% over the Zacks Consensus Estimate of $108.34 million. |
20902.0 | 2023-10-05 00:00:00 UTC | American Assets Trust (AAT) Price Target Increased by 12.82% to 22.44 | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-price-target-increased-by-12.82-to-22.44 | nan | nan | The average one-year price target for American Assets Trust (NYSE:AAT) has been revised to 22.44 / share. This is an increase of 12.82% from the prior estimate of 19.89 dated August 31, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 17.17 to a high of 29.40 / share. The average price target represents an increase of 21.89% from the latest reported closing price of 18.41 / share.
American Assets Trust Declares $0.33 Dividend
On July 25, 2023 the company declared a regular quarterly dividend of $0.33 per share ($1.32 annualized). Shareholders of record as of September 7, 2023 received the payment on September 21, 2023. Previously, the company paid $0.33 per share.
At the current share price of $18.41 / share, the stock's dividend yield is 7.17%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.68%, the lowest has been 2.30%, and the highest has been 7.64%. The standard deviation of yields is 1.36 (n=236).
The current dividend yield is 2.56 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.59. 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 0.32%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 456 funds or institutions reporting positions in American Assets Trust. This is a decrease of 20 owner(s) or 4.20% in the last quarter. Average portfolio weight of all funds dedicated to AAT is 0.21%, a decrease of 2.83%. Total shares owned by institutions decreased in the last three months by 3.43% to 59,499K shares.
The put/call ratio of AAT is 0.09, indicating a bullish outlook.
What are Other Shareholders Doing?
American Assets holds 7,375K shares representing 12.14% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,680K shares representing 6.06% ownership of the company. In it's prior filing, the firm reported owning 3,806K shares, representing a decrease of 3.43%. The firm decreased its portfolio allocation in AAT by 3.30% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 2,174K shares representing 3.58% ownership of the company. In it's prior filing, the firm reported owning 2,262K shares, representing a decrease of 4.05%. The firm increased its portfolio allocation in AAT by 16.26% over the last quarter.
Nuveen Asset Management holds 1,639K shares representing 2.70% ownership of the company. In it's prior filing, the firm reported owning 923K shares, representing an increase of 43.65%. The firm increased its portfolio allocation in AAT by 71.49% over the last quarter.
American Assets Investment Management holds 1,475K shares representing 2.43% 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.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
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. | The average one-year price target for American Assets Trust (NYSE:AAT) has been revised to 22.44 / share. Average portfolio weight of all funds dedicated to AAT is 0.21%, a decrease of 2.83%. The put/call ratio of AAT is 0.09, indicating a bullish outlook. | The average one-year price target for American Assets Trust (NYSE:AAT) has been revised to 22.44 / share. Average portfolio weight of all funds dedicated to AAT is 0.21%, a decrease of 2.83%. The put/call ratio of AAT is 0.09, indicating a bullish outlook. | The average one-year price target for American Assets Trust (NYSE:AAT) has been revised to 22.44 / share. Average portfolio weight of all funds dedicated to AAT is 0.21%, a decrease of 2.83%. The put/call ratio of AAT is 0.09, indicating a bullish outlook. | The average one-year price target for American Assets Trust (NYSE:AAT) has been revised to 22.44 / share. Average portfolio weight of all funds dedicated to AAT is 0.21%, a decrease of 2.83%. The put/call ratio of AAT is 0.09, indicating a bullish outlook. |
20903.0 | 2023-09-25 00:00:00 UTC | American Assets Trust (AAT) Passes Through 7% Yield Mark | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-passes-through-7-yield-mark-0 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $18.81 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 7% would appear considerably attractive if that yield is sustainable. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
Also see:
Dividend Yield
DENN YTD Return
Institutional Holders of LMCK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $18.81 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $18.81 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $18.81 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $18.81 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield. |
20904.0 | 2023-09-18 00:00:00 UTC | Mizuho Maintains American Assets Trust (AAT) Neutral Recommendation | AAT | https://www.nasdaq.com/articles/mizuho-maintains-american-assets-trust-aat-neutral-recommendation-1 | nan | nan | Fintel reports that on September 18, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation.
Analyst Price Forecast Suggests 3.31% Downside
As of August 31, 2023, the average one-year price target for American Assets Trust is 19.89. The forecasts range from a low of 17.17 to a high of $23.10. The average price target represents a decrease of 3.31% from its latest reported closing price of 20.57.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Assets Trust is 428MM, a decrease of 0.50%. The projected annual non-GAAP EPS is 0.18.
American Assets Trust Declares $0.33 Dividend
On July 25, 2023 the company declared a regular quarterly dividend of $0.33 per share ($1.32 annualized). Shareholders of record as of September 7, 2023 will receive the payment on September 21, 2023. Previously, the company paid $0.33 per share.
At the current share price of $20.57 / share, the stock's dividend yield is 6.42%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.63%, the lowest has been 2.30%, and the highest has been 7.64%. The standard deviation of yields is 1.32 (n=236).
The current dividend yield is 2.12 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.59. 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 0.32%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 451 funds or institutions reporting positions in American Assets Trust. This is a decrease of 40 owner(s) or 8.15% in the last quarter. Average portfolio weight of all funds dedicated to AAT is 0.21%, a decrease of 10.63%. Total shares owned by institutions decreased in the last three months by 3.68% to 59,199K shares.
The put/call ratio of AAT is 0.07, indicating a bullish outlook.
What are Other Shareholders Doing?
American Assets holds 7,375K shares representing 12.14% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,680K shares representing 6.06% ownership of the company. In it's prior filing, the firm reported owning 3,806K shares, representing a decrease of 3.43%. The firm decreased its portfolio allocation in AAT by 3.30% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 2,262K shares representing 3.72% ownership of the company. In it's prior filing, the firm reported owning 2,295K shares, representing a decrease of 1.46%. The firm decreased its portfolio allocation in AAT by 30.16% over the last quarter.
Nuveen Asset Management holds 1,639K shares representing 2.70% ownership of the company. In it's prior filing, the firm reported owning 923K shares, representing an increase of 43.65%. The firm increased its portfolio allocation in AAT by 71.49% over the last quarter.
American Assets Investment Management holds 1,475K shares representing 2.43% 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.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
Click to Learn More
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. | Fintel reports that on September 18, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.21%, a decrease of 10.63%. The put/call ratio of AAT is 0.07, indicating a bullish outlook. | Fintel reports that on September 18, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.21%, a decrease of 10.63%. The put/call ratio of AAT is 0.07, indicating a bullish outlook. | Fintel reports that on September 18, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.21%, a decrease of 10.63%. The put/call ratio of AAT is 0.07, indicating a bullish outlook. | Fintel reports that on September 18, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.21%, a decrease of 10.63%. The put/call ratio of AAT is 0.07, indicating a bullish outlook. |
20905.0 | 2023-08-16 00:00:00 UTC | AAT Factor-Based Stock Analysis - Martin Zweig | AAT | https://www.nasdaq.com/articles/aat-factor-based-stock-analysis-martin-zweig | nan | nan | Below is Validea's guru fundamental report for AMERICAN ASSETS TRUST, INC (AAT). Of the 22 guru strategies we follow, AAT rates highest using our Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
AMERICAN ASSETS TRUST, INC (AAT) is a small-cap growth stock in the Real Estate Operations industry. The rating using this strategy is 66% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of AMERICAN ASSETS TRUST, INC
AAT Guru Analysis
AAT Fundamental Analysis
More Information on Martin Zweig
Martin Zweig Portfolio
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AMERICAN ASSETS TRUST, INC (AAT) is a small-cap growth stock in the Real Estate Operations industry. Below is Validea's guru fundamental report for AMERICAN ASSETS TRUST, INC (AAT). Of the 22 guru strategies we follow, AAT rates highest using our Growth Investor model based on the published strategy of Martin Zweig. | Below is Validea's guru fundamental report for AMERICAN ASSETS TRUST, INC (AAT). Detailed Analysis of AMERICAN ASSETS TRUST, INC AAT Guru Analysis AAT Fundamental Analysis More Information on Martin Zweig Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Of the 22 guru strategies we follow, AAT rates highest using our Growth Investor model based on the published strategy of Martin Zweig. | Of the 22 guru strategies we follow, AAT rates highest using our Growth Investor model based on the published strategy of Martin Zweig. Detailed Analysis of AMERICAN ASSETS TRUST, INC AAT Guru Analysis AAT Fundamental Analysis More Information on Martin Zweig Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Below is Validea's guru fundamental report for AMERICAN ASSETS TRUST, INC (AAT). | Below is Validea's guru fundamental report for AMERICAN ASSETS TRUST, INC (AAT). Of the 22 guru strategies we follow, AAT rates highest using our Growth Investor model based on the published strategy of Martin Zweig. Detailed Analysis of AMERICAN ASSETS TRUST, INC AAT Guru Analysis AAT Fundamental Analysis More Information on Martin Zweig Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. |
20906.0 | 2023-07-25 00:00:00 UTC | Compared to Estimates, American Assets Trust (AAT) Q2 Earnings: A Look at Key Metrics | AAT | https://www.nasdaq.com/articles/compared-to-estimates-american-assets-trust-aat-q2-earnings%3A-a-look-at-key-metrics | nan | nan | For the quarter ended June 2023, American Assets Trust (AAT) reported revenue of $109.72 million, up 5.3% over the same period last year. EPS came in at $0.59, compared to $0.18 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $105.45 million, representing a surprise of +4.05%. The company delivered an EPS surprise of +9.26%, with the consensus EPS estimate being $0.54.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American Assets Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Other property income: $5.82 million compared to the $5.92 million average estimate based on two analysts. The reported number represents a change of +13.3% year over year.
Revenue- Rental income: $103.90 million compared to the $99.52 million average estimate based on two analysts. The reported number represents a change of +4.9% year over year.
Net income (loss) per share-Diluted: $0.20 compared to the $0.14 average estimate based on two analysts.
View all Key Company Metrics for American Assets Trust here>>>
Shares of American Assets Trust have returned +19.3% over the past month versus the Zacks S&P 500 composite's +4.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the quarter ended June 2023, American Assets Trust (AAT) reported revenue of $109.72 million, up 5.3% over the same period last year. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. | Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. For the quarter ended June 2023, American Assets Trust (AAT) reported revenue of $109.72 million, up 5.3% over the same period last year. The reported revenue compares to the Zacks Consensus Estimate of $105.45 million, representing a surprise of +4.05%. | Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. For the quarter ended June 2023, American Assets Trust (AAT) reported revenue of $109.72 million, up 5.3% over the same period last year. The reported revenue compares to the Zacks Consensus Estimate of $105.45 million, representing a surprise of +4.05%. | For the quarter ended June 2023, American Assets Trust (AAT) reported revenue of $109.72 million, up 5.3% over the same period last year. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Here is how American Assets Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Other property income: $5.82 million compared to the $5.92 million average estimate based on two analysts. |
20907.0 | 2023-07-25 00:00:00 UTC | American Assets Trust (AAT) Q2 FFO and Revenues Surpass Estimates | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-q2-ffo-and-revenues-surpass-estimates | nan | nan | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to FFO of $0.58 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 9.26%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.58 per share when it actually produced FFO of $0.66, delivering a surprise of 13.79%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $109.72 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 4.05%. This compares to year-ago revenues of $104.16 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
American Assets Trust shares have lost about 15.4% since the beginning of the year versus the S&P 500's gain of 18.6%.
What's Next for American Assets Trust?
While American Assets Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Assets Trust: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.56 on $106.91 million in revenues for the coming quarter and $2.28 on $424.77 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Retail is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Federal Realty Investment Trust (FRT), is yet to report results for the quarter ended June 2023. The results are expected to be released on August 2.
This real estate investment trust is expected to post quarterly earnings of $1.62 per share in its upcoming report, which represents a year-over-year change of -1.8%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.
Federal Realty Investment Trust's revenues are expected to be $277 million, up 4.9% from the year-ago quarter.
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American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
Federal Realty Investment Trust (FRT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.54 per share. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Federal Realty Investment Trust (FRT) : Free Stock Analysis Report To read this article on Zacks.com click here. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. | Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Federal Realty Investment Trust (FRT) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.54 per share. American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $109.72 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 4.05%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.54 per share. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Federal Realty Investment Trust (FRT) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $109.72 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 4.05%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.54 per share. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Federal Realty Investment Trust (FRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately. |
20908.0 | 2023-07-21 00:00:00 UTC | Mizuho Maintains American Assets Trust (AAT) Neutral Recommendation | AAT | https://www.nasdaq.com/articles/mizuho-maintains-american-assets-trust-aat-neutral-recommendation-0 | nan | nan | Fintel reports that on July 20, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation.
Analyst Price Forecast Suggests 1.63% Downside
As of July 6, 2023, the average one-year price target for American Assets Trust is 21.76. The forecasts range from a low of 17.17 to a high of $29.40. The average price target represents a decrease of 1.63% from its latest reported closing price of 22.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Assets Trust is 428MM, an increase of 0.78%. The projected annual non-GAAP EPS is 0.18.
American Assets Trust Declares $0.33 Dividend
On April 25, 2023 the company declared a regular quarterly dividend of $0.33 per share ($1.32 annualized). Shareholders of record as of June 8, 2023 received the payment on June 22, 2023. Previously, the company paid $0.33 per share.
At the current share price of $22.12 / share, the stock's dividend yield is 5.97%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.53%, the lowest has been 2.30%, and the highest has been 7.64%. The standard deviation of yields is 1.25 (n=236).
The current dividend yield is 1.95 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.63. 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 0.65%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 490 funds or institutions reporting positions in American Assets Trust. This is a decrease of 10 owner(s) or 2.00% in the last quarter. Average portfolio weight of all funds dedicated to AAT is 0.23%, a decrease of 14.83%. Total shares owned by institutions decreased in the last three months by 4.84% to 61,599K shares.
The put/call ratio of AAT is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
American Assets holds 7,375K shares representing 12.15% ownership of the company. In it's prior filing, the firm reported owning 7,365K shares, representing an increase of 0.14%. The firm decreased its portfolio allocation in AAT by 7.73% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,806K shares representing 6.27% ownership of the company. No change in the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 2,262K shares representing 3.73% ownership of the company. In it's prior filing, the firm reported owning 2,295K shares, representing a decrease of 1.46%. The firm decreased its portfolio allocation in AAT by 30.16% over the last quarter.
American Assets Investment Management holds 1,475K shares representing 2.43% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,394K shares representing 2.30% ownership of the company. In it's prior filing, the firm reported owning 1,488K shares, representing a decrease of 6.78%. The firm decreased its portfolio allocation in AAT by 39.34% over 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.
Additional reading:
Three Months Ended (1)
American Assets Trust, Inc.'s Portfolio is concentrated in high-barrier-to-entry markets with favorable supply/demand characteristics Office Retail Multifamily Mixed-Use Market Square Feet Square Feet Units Square Feet Suites San Diego 1,588,956 1,32
Form of American Assets Trust, Inc. Restricted Stock Award Agreement (Performance Vesting)
Description of Securities
List of Subsidiaries of American Assets Trust, Inc.
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. | Fintel reports that on July 20, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.23%, a decrease of 14.83%. The put/call ratio of AAT is 0.64, indicating a bullish outlook. | Fintel reports that on July 20, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.23%, a decrease of 14.83%. The put/call ratio of AAT is 0.64, indicating a bullish outlook. | Fintel reports that on July 20, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.23%, a decrease of 14.83%. The put/call ratio of AAT is 0.64, indicating a bullish outlook. | Fintel reports that on July 20, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.23%, a decrease of 14.83%. The put/call ratio of AAT is 0.64, indicating a bullish outlook. |
20909.0 | 2023-07-19 00:00:00 UTC | AAT Crosses Above Average Analyst Target | AAT | https://www.nasdaq.com/articles/aat-crosses-above-average-analyst-target | nan | nan | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $21.33, changing hands for $21.63/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 3 different analyst targets within the Zacks coverage universe contributing to that average for American Assets Trust Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $17.00. And then on the other side of the spectrum one analyst has a target as high as $28.00. The standard deviation is $5.859.
But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $21.33/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $21.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover American Assets Trust Inc:
RECENT AAT ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 0 0 0 0
Buy ratings: 0 0 0 0
Hold ratings: 2 3 3 3
Sell ratings: 1 1 1 1
Strong sell ratings: 0 0 0 0
Average rating: 3.33 3.25 3.25 3.25
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on AAT — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $21.33, changing hands for $21.63/share. And so with AAT crossing above that average target price of $21.33/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $21.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $21.33, changing hands for $21.63/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $21.33/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $21.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | And so with AAT crossing above that average target price of $21.33/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $21.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $21.33, changing hands for $21.63/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $21.33, changing hands for $21.63/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $21.33/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $21.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? |
20910.0 | 2023-06-24 00:00:00 UTC | AAT Quantitative Stock Analysis - Martin Zweig | AAT | https://www.nasdaq.com/articles/aat-quantitative-stock-analysis-martin-zweig | nan | nan | Below is Validea's guru fundamental report for AMERICAN ASSETS TRUST, INC (AAT). Of the 22 guru strategies we follow, AAT rates highest using our Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
AMERICAN ASSETS TRUST, INC (AAT) is a small-cap growth stock in the Real Estate Operations industry. The rating using this strategy is 82% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of AMERICAN ASSETS TRUST, INC
AAT Guru Analysis
AAT Fundamental Analysis
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Martin Zweig Portfolio
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AMERICAN ASSETS TRUST, INC (AAT) is a small-cap growth stock in the Real Estate Operations industry. Below is Validea's guru fundamental report for AMERICAN ASSETS TRUST, INC (AAT). Of the 22 guru strategies we follow, AAT rates highest using our Growth Investor model based on the published strategy of Martin Zweig. | Below is Validea's guru fundamental report for AMERICAN ASSETS TRUST, INC (AAT). Detailed Analysis of AMERICAN ASSETS TRUST, INC AAT Guru Analysis AAT Fundamental Analysis More Information on Martin Zweig Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Of the 22 guru strategies we follow, AAT rates highest using our Growth Investor model based on the published strategy of Martin Zweig. | Of the 22 guru strategies we follow, AAT rates highest using our Growth Investor model based on the published strategy of Martin Zweig. Detailed Analysis of AMERICAN ASSETS TRUST, INC AAT Guru Analysis AAT Fundamental Analysis More Information on Martin Zweig Martin Zweig Portfolio About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Below is Validea's guru fundamental report for AMERICAN ASSETS TRUST, INC (AAT). | Below is Validea's guru fundamental report for AMERICAN ASSETS TRUST, INC (AAT). Of the 22 guru strategies we follow, AAT rates highest using our Growth Investor model based on the published strategy of Martin Zweig. AMERICAN ASSETS TRUST, INC (AAT) is a small-cap growth stock in the Real Estate Operations industry. |
20911.0 | 2023-06-05 00:00:00 UTC | Ex-Dividend Reminder: American Assets Trust, NVIDIA and Bentley Systems | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-american-assets-trust-nvidia-and-bentley-systems | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 6/7/23, American Assets Trust Inc (Symbol: AAT), NVIDIA Corp (Symbol: NVDA), and Bentley Systems Inc (Symbol: BSY) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc will pay its quarterly dividend of $0.33 on 6/22/23, NVIDIA Corp will pay its quarterly dividend of $0.04 on 6/30/23, and Bentley Systems Inc will pay its quarterly dividend of $0.05 on 6/20/23. As a percentage of AAT's recent stock price of $19.51, this dividend works out to approximately 1.69%, so look for shares of American Assets Trust Inc to trade 1.69% lower — all else being equal — when AAT shares open for trading on 6/7/23. Similarly, investors should look for NVDA to open 0.01% lower in price and for BSY to open 0.10% lower, all else being equal.
Below are dividend history charts for AAT, NVDA, and BSY, showing historical dividends prior to the most recent ones declared.
American Assets Trust Inc (Symbol: AAT):
NVIDIA Corp (Symbol: NVDA):
Bentley Systems Inc (Symbol: BSY):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 6.77% for American Assets Trust Inc, 0.04% for NVIDIA Corp, and 0.40% for Bentley Systems Inc.
In Monday trading, American Assets Trust Inc shares are currently down about 0.4%, NVIDIA Corp shares are down about 0.4%, and Bentley Systems Inc shares are down about 0.4% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 6/7/23, American Assets Trust Inc (Symbol: AAT), NVIDIA Corp (Symbol: NVDA), and Bentley Systems Inc (Symbol: BSY) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AAT's recent stock price of $19.51, this dividend works out to approximately 1.69%, so look for shares of American Assets Trust Inc to trade 1.69% lower — all else being equal — when AAT shares open for trading on 6/7/23. Below are dividend history charts for AAT, NVDA, and BSY, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 6/7/23, American Assets Trust Inc (Symbol: AAT), NVIDIA Corp (Symbol: NVDA), and Bentley Systems Inc (Symbol: BSY) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc (Symbol: AAT): NVIDIA Corp (Symbol: NVDA): Bentley Systems Inc (Symbol: BSY): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AAT's recent stock price of $19.51, this dividend works out to approximately 1.69%, so look for shares of American Assets Trust Inc to trade 1.69% lower — all else being equal — when AAT shares open for trading on 6/7/23. | Looking at the universe of stocks we cover at Dividend Channel, on 6/7/23, American Assets Trust Inc (Symbol: AAT), NVIDIA Corp (Symbol: NVDA), and Bentley Systems Inc (Symbol: BSY) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc (Symbol: AAT): NVIDIA Corp (Symbol: NVDA): Bentley Systems Inc (Symbol: BSY): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AAT's recent stock price of $19.51, this dividend works out to approximately 1.69%, so look for shares of American Assets Trust Inc to trade 1.69% lower — all else being equal — when AAT shares open for trading on 6/7/23. | As a percentage of AAT's recent stock price of $19.51, this dividend works out to approximately 1.69%, so look for shares of American Assets Trust Inc to trade 1.69% lower — all else being equal — when AAT shares open for trading on 6/7/23. Looking at the universe of stocks we cover at Dividend Channel, on 6/7/23, American Assets Trust Inc (Symbol: AAT), NVIDIA Corp (Symbol: NVDA), and Bentley Systems Inc (Symbol: BSY) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for AAT, NVDA, and BSY, showing historical dividends prior to the most recent ones declared. |
20912.0 | 2023-05-26 00:00:00 UTC | Earn Up to 10.4% in Dividends From These Recovering REITs | AAT | https://www.nasdaq.com/articles/earn-up-to-10.4-in-dividends-from-these-recovering-reits | nan | nan | The stock market is coming off another sugar high, but REITs (real estate investment trusts) are still cheap. That's great news to us income investors, who look past the piddly paying blue chips on the S&P 500. We prefer REITs because they pay, and we appreciate a deal when we see one:
REITs Remain Near Their Bear-Market Lows
REITs are on the mat because the Federal Reserve has relentlessly hiked rates. Good. Those of us who want to retire on dividends alone love how wide REITs' yield spread over basic stocks has become.
Even a vanilla fund like Vanguard Real Estate ETF (VNQ) is a better income source than "America's ticker"--VNQ yields 4.1% while SPDR S&P 500 ETF only pays 1.6%.
These dividend deals are available because the main source of downward pressure on REITs has continued apace in 2023. The Federal Reserve recently hiking its benchmark rate another 25 basis points to 5%-5.25%.
Why Are REITs Sinking? Higher Rates
Higher interest rates mean not only higher costs of capital for REITs (and all other companies, for that matter), but also more competition for income as bond yields become increasingly competitive.
These elevated rates won't last forever, though. We are, after all, careening towards the most anticipated recession of all time. When the slowdown officially hits, the Fed is going to cut--and REITs like the following five are going to get a close look from income investors. Let's look at this 8.5%-paying potential portfolio ahead of the herd:
CTO Realty Growth (CTO, 9.3%) is a diversified REIT that owns 15 retail properties, three office properties, and five mixed-use properties totaling more than 3.7 million square feet. It also owns a nearly 15% stake in Alpine Income Property Trust (PINE), a net-lease REIT.
CTO has dipped by more than 20% over the past year, hurt in part by being forced to lower the rents on two large leases.
Still, CTO bears watching. It converted to the REIT structure just two years ago, but it has already raised its payout thrice since then. While dividend coverage is stretched--at about 90% of estimated 2023 core adjusted funds from operations (AFFO)--property demand is improving.
American Assets Trust (AAT, 6.8% yield) is another diversified REIT, this one boasting 23 properties spanning office, retail and residential. AAT has been battered, losing nearly half of its value over the past year or so--nice from a valuation perspective, but it might be too dangerous to touch. Occupancy across office, retail and multifamily was down year-over-year during the first quarter, with only mixed-use on the rise. Still, there was reason for hope in its Q1 report: FFO improved 16% year-over-year, while same-store NOI improved 6.5%.
One Liberty Properties (OLP, 8.8% yield) is a net-lease REIT that has been transforming itself over the past few years. Its 121 properties include restaurants, fitness centers, grocery-anchored real estate and office space, but it's increasingly shifting toward industrial holdings. The good news? Industrial now makes up roughly 60% of its rental revenue. The bad news? Bed Bath & Beyond's bankruptcy, as well as a possible restructuring of leases with Regal Cinemas, is hanging over OLP's head. And while OLP has an excellent yield near 9%, the payout hasn't grown in years.
Broadstone Net Lease (BNL, 7.0% yield) is another net-lease REIT, this one focusing on single-tenant commercial properties. Its portfolio includes 801 properties, the vast majority (794) spread across 44 states, with the rest in four Canadian provinces. Despite its nearly 30% losses over the past year, things don't look dire for this REIT, which boasts 99.4% occupancy. BNL also has a long debt leash, with less than 2% of its debt coming due through the end of 2025.
Gladstone Commercial (GOOD, 10.4%) is part of the Gladstone family of REITs, this one focused on single-tenant and anchored multi-tenant net-leased industrial and office properties. As I wrote in March, Gladstone is being hampered by its 40% allocation to office properties--to the point where GOOD was forced to cut its dividend by 20% this year, to 10 cents per share.
"Capital preservation" is a smart move for the troubled REIT, and it brought its FFO payout ratio down from 96% before to 77% now. Still, roughly $100 million worth of interest-rate caps will expire in the middle of this year, which will raise interest expenses, and it faces the longer-term problem of what WFH means for its properties.
Your Guide to Retirement Riches: 8%-Yielding Blue Chips That Pay EVERY MONTH
Gladstone belongs in the "Dividend B Squad." High yield? Yes. Recovery potential? Absolutely. But it's just not the kind of durable, reliable income holding we need if we're going to retire without losing sleep every night.
For that, we need the "A" squad: diversified, reliable payers of mouthwatering yet dependable income--preferably, those that don't knuckle under every time the economy throws a fit.
And you can find these rare monthly dividend blue chips in my "8% Monthly Payer Portfolio."
Many of the recommendations in my "8% Monthly Payer Portfolio" leverage the power of steady-Eddie holdings to generate massive yields, while also fostering the potential to generate aggressive price performance.
These dividends aren't good. They're not even great. They're retirement-sustaining, all on their own.
A mere $500,000 nest egg--less than half of what most financial gurus insist you need to retire--put to work in this powerful portfolio could generate a $40,000 annual income stream.
That's more than $3,300 every month in regular income checks!
Even better? The current bear market has provided us with a rare gift, pulling many of these monthly income plays back into our "buy zone," where we can grab them at bargain prices. Click here to for more on my top monthly dividend payers for 8%+ dividends right now!
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Dividend Growth Stocks: 25 Aristocrats
Future Dividend Aristocrats: Close Contenders
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT, 6.8% yield) is another diversified REIT, this one boasting 23 properties spanning office, retail and residential. AAT has been battered, losing nearly half of its value over the past year or so--nice from a valuation perspective, but it might be too dangerous to touch. Still, roughly $100 million worth of interest-rate caps will expire in the middle of this year, which will raise interest expenses, and it faces the longer-term problem of what WFH means for its properties. | American Assets Trust (AAT, 6.8% yield) is another diversified REIT, this one boasting 23 properties spanning office, retail and residential. AAT has been battered, losing nearly half of its value over the past year or so--nice from a valuation perspective, but it might be too dangerous to touch. CTO Realty Growth (CTO, 9.3%) is a diversified REIT that owns 15 retail properties, three office properties, and five mixed-use properties totaling more than 3.7 million square feet. | American Assets Trust (AAT, 6.8% yield) is another diversified REIT, this one boasting 23 properties spanning office, retail and residential. AAT has been battered, losing nearly half of its value over the past year or so--nice from a valuation perspective, but it might be too dangerous to touch. CTO Realty Growth (CTO, 9.3%) is a diversified REIT that owns 15 retail properties, three office properties, and five mixed-use properties totaling more than 3.7 million square feet. | American Assets Trust (AAT, 6.8% yield) is another diversified REIT, this one boasting 23 properties spanning office, retail and residential. AAT has been battered, losing nearly half of its value over the past year or so--nice from a valuation perspective, but it might be too dangerous to touch. That's great news to us income investors, who look past the piddly paying blue chips on the S&P 500. |
20913.0 | 2023-05-25 00:00:00 UTC | Mizuho Maintains American Assets Trust (AAT) Neutral Recommendation | AAT | https://www.nasdaq.com/articles/mizuho-maintains-american-assets-trust-aat-neutral-recommendation | nan | nan | Fintel reports that on May 25, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation.
Analyst Price Forecast Suggests 38.85% Upside
As of May 11, 2023, the average one-year price target for American Assets Trust is 26.52. The forecasts range from a low of 20.20 to a high of $31.50. The average price target represents an increase of 38.85% from its latest reported closing price of 19.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Assets Trust is 428MM, an increase of 0.78%. The projected annual non-GAAP EPS is 0.18.
American Assets Trust Declares $0.33 Dividend
On April 25, 2023 the company declared a regular quarterly dividend of $0.33 per share ($1.32 annualized). Shareholders of record as of June 8, 2023 will receive the payment on June 22, 2023. Previously, the company paid $0.33 per share.
At the current share price of $19.10 / share, the stock's dividend yield is 6.91%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.43%, the lowest has been 2.30%, and the highest has been 7.64%. The standard deviation of yields is 1.14 (n=237).
The current dividend yield is 3.04 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.63. 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 0.65%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 496 funds or institutions reporting positions in American Assets Trust. This is an increase of 6 owner(s) or 1.22% in the last quarter. Average portfolio weight of all funds dedicated to AAT is 0.24%, a decrease of 15.36%. Total shares owned by institutions decreased in the last three months by 5.25% to 61,646K shares.
The put/call ratio of AAT is 1.32, indicating a bearish outlook.
What are Other Shareholders Doing?
American Assets holds 7,375K shares representing 12.15% ownership of the company. In it's prior filing, the firm reported owning 7,365K shares, representing an increase of 0.14%. The firm decreased its portfolio allocation in AAT by 7.73% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,806K shares representing 6.27% ownership of the company. No change in the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 2,295K shares representing 3.78% ownership of the company. In it's prior filing, the firm reported owning 2,334K shares, representing a decrease of 1.70%. The firm decreased its portfolio allocation in AAT by 6.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,488K shares representing 2.45% ownership of the company. In it's prior filing, the firm reported owning 1,406K shares, representing an increase of 5.49%. The firm increased its portfolio allocation in AAT by 0.68% over the last quarter.
American Assets Investment Management holds 1,475K shares representing 2.43% 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.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SE
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. | Fintel reports that on May 25, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.24%, a decrease of 15.36%. The put/call ratio of AAT is 1.32, indicating a bearish outlook. | Fintel reports that on May 25, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.24%, a decrease of 15.36%. The put/call ratio of AAT is 1.32, indicating a bearish outlook. | Fintel reports that on May 25, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.24%, a decrease of 15.36%. The put/call ratio of AAT is 1.32, indicating a bearish outlook. | Fintel reports that on May 25, 2023, Mizuho maintained coverage of American Assets Trust (NYSE:AAT) with a Neutral recommendation. Average portfolio weight of all funds dedicated to AAT is 0.24%, a decrease of 15.36%. The put/call ratio of AAT is 1.32, indicating a bearish outlook. |
20914.0 | 2023-05-16 00:00:00 UTC | American Assets Trust (AAT) Passes Through 7% Yield Mark | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-passes-through-7-yield-mark | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $18.43 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 7% would appear considerably attractive if that yield is sustainable. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield.
Click here to find out which 9 other dividend stocks just recently went on sale »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $18.43 on the day. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $18.43 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $18.43 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield. | In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 7% annual yield. Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $18.43 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. |
20915.0 | 2023-04-27 00:00:00 UTC | American Assets Trust (AAT) Declares $0.33 Dividend | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-declares-%240.33-dividend-0 | nan | nan | American Assets Trust said on April 25, 2023 that its board of directors declared a regular quarterly dividend of $0.33 per share ($1.32 annualized). Previously, the company paid $0.33 per share.
Shares must be purchased before the ex-div date of June 7, 2023 to qualify for the dividend. Shareholders of record as of June 8, 2023 will receive the payment on June 22, 2023.
At the current share price of $17.89 / share, the stock's dividend yield is 7.38%. Looking back five years and taking a sample every week, the average dividend yield has been 3.37%, the lowest has been 2.30%, and the highest has been 7.64%. The standard deviation of yields is 1.04 (n=236).
The current dividend yield is 3.84 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.63. 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.
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What is the Fund Sentiment?
There are 498 funds or institutions reporting positions in American Assets Trust. This is an increase of 16 owner(s) or 3.32% in the last quarter. Average portfolio weight of all funds dedicated to AAT is 0.27%, a decrease of 7.68%. Total shares owned by institutions decreased in the last three months by 0.07% to 64,460K shares.
The put/call ratio of AAT is 1.45, indicating a bearish outlook.
Analyst Price Forecast Suggests 48.24% Upside
As of April 24, 2023, the average one-year price target for American Assets Trust is 26.52. The forecasts range from a low of 20.20 to a high of $31.50. The average price target represents an increase of 48.24% from its latest reported closing price of 17.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Assets Trust is 428MM, an increase of 0.74%. The projected annual non-GAAP EPS is 0.18.
What are Other Shareholders Doing?
American Assets holds 7,365K shares representing 12.13% 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 6.27% ownership of the company. No change in the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 2,295K shares representing 3.78% ownership of the company. In it's prior filing, the firm reported owning 2,334K shares, representing a decrease of 1.70%. The firm decreased its portfolio allocation in AAT by 6.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,488K shares representing 2.45% ownership of the company. In it's prior filing, the firm reported owning 1,406K shares, representing an increase of 5.49%. The firm increased its portfolio allocation in AAT by 0.68% over the last quarter.
American Assets Investment Management holds 1,475K shares representing 2.43% 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. | Average portfolio weight of all funds dedicated to AAT is 0.27%, a decrease of 7.68%. The put/call ratio of AAT is 1.45, indicating a bearish outlook. The firm decreased its portfolio allocation in AAT by 0.25% over the last quarter. | Average portfolio weight of all funds dedicated to AAT is 0.27%, a decrease of 7.68%. The put/call ratio of AAT is 1.45, indicating a bearish outlook. The firm decreased its portfolio allocation in AAT by 0.25% over the last quarter. | Average portfolio weight of all funds dedicated to AAT is 0.27%, a decrease of 7.68%. The put/call ratio of AAT is 1.45, indicating a bearish outlook. The firm decreased its portfolio allocation in AAT by 0.25% over the last quarter. | Average portfolio weight of all funds dedicated to AAT is 0.27%, a decrease of 7.68%. The put/call ratio of AAT is 1.45, indicating a bearish outlook. The firm decreased its portfolio allocation in AAT by 0.25% over the last quarter. |
20916.0 | 2023-04-25 00:00:00 UTC | American Assets Trust (AAT) Beats Q1 FFO and Revenue Estimates | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-beats-q1-ffo-and-revenue-estimates | nan | nan | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.66 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 13.79%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.55 per share when it actually produced FFO of $0.56, delivering a surprise of 1.82%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $107.75 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 1.18%. This compares to year-ago revenues of $101.47 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
American Assets Trust shares have lost about 32.6% since the beginning of the year versus the S&P 500's gain of 7.8%.
What's Next for American Assets Trust?
While American Assets Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Assets Trust: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.54 on $106.67 million in revenues for the coming quarter and $2.20 on $429.96 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Retail is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Urban Edge Properties (UE), is yet to report results for the quarter ended March 2023. The results are expected to be released on May 9.
This real estate investment trust that owns and manages shopping centers is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +3.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Urban Edge Properties' revenues are expected to be $97.25 million, down 2.2% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.66 per share, beating the Zacks Consensus Estimate of $0.58 per share. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Urban Edge Properties (UE) : Free Stock Analysis Report To read this article on Zacks.com click here. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. | Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Urban Edge Properties (UE) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.66 per share, beating the Zacks Consensus Estimate of $0.58 per share. American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $107.75 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 1.18%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.66 per share, beating the Zacks Consensus Estimate of $0.58 per share. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Urban Edge Properties (UE) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $107.75 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 1.18%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.66 per share, beating the Zacks Consensus Estimate of $0.58 per share. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Urban Edge Properties (UE) : Free Stock Analysis Report To read this article on Zacks.com click here. Over the last four quarters, the company has surpassed consensus FFO estimates four times. |
20917.0 | 2023-04-12 00:00:00 UTC | American Assets Trust Enters Oversold Territory | AAT | https://www.nasdaq.com/articles/american-assets-trust-enters-oversold-territory-0 | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. American Assets Trust Inc (Symbol: AAT) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AAT entered into oversold territory, changing hands as low as $17.66 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of American Assets Trust Inc, the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 47.8. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, AAT's recent annualized dividend of 1.32/share (currently paid in quarterly installments) works out to an annual yield of 7.27% based upon the recent $18.15 share price.
A bullish investor could look at AAT's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAT is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at AAT's 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. American Assets Trust Inc (Symbol: AAT) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AAT entered into oversold territory, changing hands as low as $17.66 per share. | Indeed, AAT's recent annualized dividend of 1.32/share (currently paid in quarterly installments) works out to an annual yield of 7.27% based upon the recent $18.15 share price. American Assets Trust Inc (Symbol: AAT) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AAT entered into oversold territory, changing hands as low as $17.66 per share. | American Assets Trust Inc (Symbol: AAT) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AAT entered into oversold territory, changing hands as low as $17.66 per share. Indeed, AAT's recent annualized dividend of 1.32/share (currently paid in quarterly installments) works out to an annual yield of 7.27% based upon the recent $18.15 share price. | Indeed, AAT's recent annualized dividend of 1.32/share (currently paid in quarterly installments) works out to an annual yield of 7.27% based upon the recent $18.15 share price. American Assets Trust Inc (Symbol: AAT) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AAT entered into oversold territory, changing hands as low as $17.66 per share. |
20918.0 | 2023-03-08 00:00:00 UTC | Top Buys by Top Brass: CEO Rady's $3.1M Bet on AAT | AAT | https://www.nasdaq.com/articles/top-buys-by-top-brass%3A-ceo-radys-%243.1m-bet-on-aat | nan | nan | A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $3.1M invested across 4 purchases by Ernest S. Rady, CEO at American Assets Trust Inc (Symbol: AAT).
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
09/09/2022 Ernest S. Rady Chairman & CEO 30,000 $28.02 $840,500.00
09/12/2022 Ernest S. Rady Chairman & CEO 10,000 $28.49 $284,900.00
11/04/2022 Ernest S. Rady Chairman & CEO 20,000 $28.35 $567,000.00
11/02/2022 Ernest S. Rady Chairman & CEO 50,000 $27.60 $1,380,000.00
Rady's average cost works out to $27.93/share. In trading on Wednesday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis lower than Rady, with shares changing hands as low as $22.88 per share. Shares of American Assets Trust Inc were changing hands at $22.95 at last check, trading off about 1.3% on Wednesday. The chart below shows the one year performance of AAT shares, versus its 200 day moving average:
Looking at the chart above, AAT's low point in its 52 week range is $22.88 per share, with $39.10 as the 52 week high point — that compares with a last trade of $22.95.
The current annualized dividend paid by American Assets Trust Inc is $1.32/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/08/2023. Below is a long-term dividend history chart for AAT, which can be of good help in judging whether the most recent dividend with approx. 5.6% annualized yield is likely to continue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $3.1M invested across 4 purchases by Ernest S. Rady, CEO at American Assets Trust Inc (Symbol: AAT). The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $22.88 per share, with $39.10 as the 52 week high point — that compares with a last trade of $22.95. In trading on Wednesday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis lower than Rady, with shares changing hands as low as $22.88 per share. | So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $3.1M invested across 4 purchases by Ernest S. Rady, CEO at American Assets Trust Inc (Symbol: AAT). In trading on Wednesday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis lower than Rady, with shares changing hands as low as $22.88 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $22.88 per share, with $39.10 as the 52 week high point — that compares with a last trade of $22.95. | In trading on Wednesday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis lower than Rady, with shares changing hands as low as $22.88 per share. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $3.1M invested across 4 purchases by Ernest S. Rady, CEO at American Assets Trust Inc (Symbol: AAT). The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $22.88 per share, with $39.10 as the 52 week high point — that compares with a last trade of $22.95. | So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $3.1M invested across 4 purchases by Ernest S. Rady, CEO at American Assets Trust Inc (Symbol: AAT). In trading on Wednesday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis lower than Rady, with shares changing hands as low as $22.88 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $22.88 per share, with $39.10 as the 52 week high point — that compares with a last trade of $22.95. |
20919.0 | 2023-03-06 00:00:00 UTC | Ex-Dividend Reminder: American Assets Trust, Kimco Realty and Easterly Government Properties | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-american-assets-trust-kimco-realty-and-easterly-government | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 3/8/23, American Assets Trust Inc (Symbol: AAT), Kimco Realty Corp (Symbol: KIM), and Easterly Government Properties Inc (Symbol: DEA) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc will pay its quarterly dividend of $0.33 on 3/23/23, Kimco Realty Corp will pay its quarterly dividend of $0.23 on 3/23/23, and Easterly Government Properties Inc will pay its quarterly dividend of $0.265 on 3/21/23. As a percentage of AAT's recent stock price of $24.90, this dividend works out to approximately 1.33%, so look for shares of American Assets Trust Inc to trade 1.33% lower — all else being equal — when AAT shares open for trading on 3/8/23. Similarly, investors should look for KIM to open 1.11% lower in price and for DEA to open 1.74% lower, all else being equal.
Below are dividend history charts for AAT, KIM, and DEA, showing historical dividends prior to the most recent ones declared.
American Assets Trust Inc (Symbol: AAT):
Kimco Realty Corp (Symbol: KIM):
Easterly Government Properties Inc (Symbol: DEA):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 5.30% for American Assets Trust Inc, 4.43% for Kimco Realty Corp, and 6.97% for Easterly Government Properties Inc.
In Monday trading, American Assets Trust Inc shares are currently up about 0.3%, Kimco Realty Corp shares are up about 0.5%, and Easterly Government Properties Inc shares are up about 0.4% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 3/8/23, American Assets Trust Inc (Symbol: AAT), Kimco Realty Corp (Symbol: KIM), and Easterly Government Properties Inc (Symbol: DEA) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AAT's recent stock price of $24.90, this dividend works out to approximately 1.33%, so look for shares of American Assets Trust Inc to trade 1.33% lower — all else being equal — when AAT shares open for trading on 3/8/23. Below are dividend history charts for AAT, KIM, and DEA, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 3/8/23, American Assets Trust Inc (Symbol: AAT), Kimco Realty Corp (Symbol: KIM), and Easterly Government Properties Inc (Symbol: DEA) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc (Symbol: AAT): Kimco Realty Corp (Symbol: KIM): Easterly Government Properties Inc (Symbol: DEA): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AAT's recent stock price of $24.90, this dividend works out to approximately 1.33%, so look for shares of American Assets Trust Inc to trade 1.33% lower — all else being equal — when AAT shares open for trading on 3/8/23. | Looking at the universe of stocks we cover at Dividend Channel, on 3/8/23, American Assets Trust Inc (Symbol: AAT), Kimco Realty Corp (Symbol: KIM), and Easterly Government Properties Inc (Symbol: DEA) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc (Symbol: AAT): Kimco Realty Corp (Symbol: KIM): Easterly Government Properties Inc (Symbol: DEA): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AAT's recent stock price of $24.90, this dividend works out to approximately 1.33%, so look for shares of American Assets Trust Inc to trade 1.33% lower — all else being equal — when AAT shares open for trading on 3/8/23. | Looking at the universe of stocks we cover at Dividend Channel, on 3/8/23, American Assets Trust Inc (Symbol: AAT), Kimco Realty Corp (Symbol: KIM), and Easterly Government Properties Inc (Symbol: DEA) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AAT's recent stock price of $24.90, this dividend works out to approximately 1.33%, so look for shares of American Assets Trust Inc to trade 1.33% lower — all else being equal — when AAT shares open for trading on 3/8/23. Below are dividend history charts for AAT, KIM, and DEA, showing historical dividends prior to the most recent ones declared. |
20920.0 | 2023-02-17 00:00:00 UTC | American Assets Trust Named Top Dividend Stock With Insider Buying and 5.01% Yield (AAT) | AAT | https://www.nasdaq.com/articles/american-assets-trust-named-top-dividend-stock-with-insider-buying-and-5.01-yield-aat | nan | nan | In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is American Assets Trust Inc (Symbol: AAT), which saw buying by CEO Ernest S. Rady.
Back on November 4, Rady invested $567,000.00 into 20,000 shares of AAT, for a cost per share of $28.35. In trading on Friday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis 8.6% cheaper than Rady, with shares changing hands as low as $25.93 per share. It should be noted that Rady has collected $0.32/share in dividends since the time of their purchase, so they are currently down 7.4% on their purchase from a total return basis. American Assets Trust Inc shares are currently trading -0.95% on the day. The chart below shows the one year performance of AAT shares, versus its 200 day moving average:
Looking at the chart above, AAT's low point in its 52 week range is $24.005 per share, with $39.10 as the 52 week high point — that compares with a last trade of $26.15. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
08/26/2022 Ernest S. Rady Chairman & CEO 25,000 $28.78 $719,600.00
08/24/2022 Ernest S. Rady Chairman & CEO 27,700 $28.71 $795,253.00
08/30/2022 Ernest S. Rady Chairman & CEO 30,000 $28.56 $856,800.00
09/02/2022 Ernest S. Rady Chairman & CEO 25,000 $27.81 $695,250.00
09/09/2022 Ernest S. Rady Chairman & CEO 30,000 $28.02 $840,500.00
09/12/2022 Ernest S. Rady Chairman & CEO 10,000 $28.49 $284,900.00
08/30/2022 Ernest S. Rady Chairman & CEO 35,000 $28.52 $998,300.00
11/04/2022 Ernest S. Rady Chairman & CEO 20,000 $28.35 $567,000.00
11/02/2022 Ernest S. Rady Chairman & CEO 50,000 $27.60 $1,380,000.00
The DividendRank report noted that among the coverage universe, AAT shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent AAT share price of $26.36 represents a price-to-book ratio of 1.3 and an annual dividend yield of 5.01% — by comparison, the average company in Dividend Channel's coverage universe yields 4.6% and trades at a price-to-book ratio of 2.4. The report also cited the strong quarterly dividend history at American Assets Trust Inc, and favorable long-term multi-year growth rates in key fundamental data points.
The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
The annualized dividend paid by American Assets Trust Inc is $1.32/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/08/2023. Below is a long-term dividend history chart for AAT, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One such company is American Assets Trust Inc (Symbol: AAT), which saw buying by CEO Ernest S. Rady. Back on November 4, Rady invested $567,000.00 into 20,000 shares of AAT, for a cost per share of $28.35. In trading on Friday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis 8.6% cheaper than Rady, with shares changing hands as low as $25.93 per share. | One such company is American Assets Trust Inc (Symbol: AAT), which saw buying by CEO Ernest S. Rady. 08/26/2022 Ernest S. Rady Chairman & CEO 25,000 $28.78 $719,600.00 08/24/2022 Ernest S. Rady Chairman & CEO 27,700 $28.71 $795,253.00 08/30/2022 Ernest S. Rady Chairman & CEO 30,000 $28.56 $856,800.00 09/02/2022 Ernest S. Rady Chairman & CEO 25,000 $27.81 $695,250.00 09/09/2022 Ernest S. Rady Chairman & CEO 30,000 $28.02 $840,500.00 09/12/2022 Ernest S. Rady Chairman & CEO 10,000 $28.49 $284,900.00 08/30/2022 Ernest S. Rady Chairman & CEO 35,000 $28.52 $998,300.00 11/04/2022 Ernest S. Rady Chairman & CEO 20,000 $28.35 $567,000.00 11/02/2022 Ernest S. Rady Chairman & CEO 50,000 $27.60 $1,380,000.00 The DividendRank report noted that among the coverage universe, AAT shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent AAT share price of $26.36 represents a price-to-book ratio of 1.3 and an annual dividend yield of 5.01% — by comparison, the average company in Dividend Channel's coverage universe yields 4.6% and trades at a price-to-book ratio of 2.4. | In trading on Friday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis 8.6% cheaper than Rady, with shares changing hands as low as $25.93 per share. 08/26/2022 Ernest S. Rady Chairman & CEO 25,000 $28.78 $719,600.00 08/24/2022 Ernest S. Rady Chairman & CEO 27,700 $28.71 $795,253.00 08/30/2022 Ernest S. Rady Chairman & CEO 30,000 $28.56 $856,800.00 09/02/2022 Ernest S. Rady Chairman & CEO 25,000 $27.81 $695,250.00 09/09/2022 Ernest S. Rady Chairman & CEO 30,000 $28.02 $840,500.00 09/12/2022 Ernest S. Rady Chairman & CEO 10,000 $28.49 $284,900.00 08/30/2022 Ernest S. Rady Chairman & CEO 35,000 $28.52 $998,300.00 11/04/2022 Ernest S. Rady Chairman & CEO 20,000 $28.35 $567,000.00 11/02/2022 Ernest S. Rady Chairman & CEO 50,000 $27.60 $1,380,000.00 The DividendRank report noted that among the coverage universe, AAT shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent AAT share price of $26.36 represents a price-to-book ratio of 1.3 and an annual dividend yield of 5.01% — by comparison, the average company in Dividend Channel's coverage universe yields 4.6% and trades at a price-to-book ratio of 2.4. | One such company is American Assets Trust Inc (Symbol: AAT), which saw buying by CEO Ernest S. Rady. Back on November 4, Rady invested $567,000.00 into 20,000 shares of AAT, for a cost per share of $28.35. In trading on Friday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis 8.6% cheaper than Rady, with shares changing hands as low as $25.93 per share. |
20921.0 | 2023-02-14 00:00:00 UTC | American Assets Trust (AAT) Passes Through 5% Yield Mark | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-passes-through-5-yield-mark | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $26.30 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 5% would appear considerably attractive if that yield is sustainable. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $26.30 on the day. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $26.30 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $26.30 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.32), with the stock changing hands as low as $26.30 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. |
20922.0 | 2023-02-10 00:00:00 UTC | American Assets Trust (AAT) Declares $0.33 Dividend | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-declares-%240.33-dividend | nan | nan | 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. | Average portfolio weight of all funds dedicated to AAT is 0.29%, an increase of 0.73%. The put/call ratio of AAT is 1.45, indicating a bearish outlook. The firm decreased its portfolio allocation in AAT by 0.25% over the last quarter. | Average portfolio weight of all funds dedicated to AAT is 0.29%, an increase of 0.73%. The put/call ratio of AAT is 1.45, indicating a bearish outlook. The firm decreased its portfolio allocation in AAT by 0.25% over the last quarter. | Average portfolio weight of all funds dedicated to AAT is 0.29%, an increase of 0.73%. The put/call ratio of AAT is 1.45, indicating a bearish outlook. The firm decreased its portfolio allocation in AAT by 0.25% over the last quarter. | Average portfolio weight of all funds dedicated to AAT is 0.29%, an increase of 0.73%. The put/call ratio of AAT is 1.45, indicating a bearish outlook. The firm decreased its portfolio allocation in AAT by 0.25% over the last quarter. |
20923.0 | 2023-02-07 00:00:00 UTC | American Assets Trust (AAT) Q4 FFO Surpass Estimates | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-q4-ffo-surpass-estimates | nan | nan | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.56 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to FFO of $0.54 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 1.82%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.55 per share when it actually produced FFO of $0.63, delivering a surprise of 14.55%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $106 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 1.34%. This compares to year-ago revenues of $101.75 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
American Assets Trust shares have added about 6.8% since the beginning of the year versus the S&P 500's gain of 7.1%.
What's Next for American Assets Trust?
While American Assets Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Assets Trust: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.57 on $107.94 million in revenues for the coming quarter and $2.36 on $440.67 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Retail is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Essential Properties (EPRT), has yet to report results for the quarter ended December 2022. The results are expected to be released on February 15.
This company is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of +5.4%. The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level.
Essential Properties' revenues are expected to be $76.17 million, up 17.2% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.56 per share, beating the Zacks Consensus Estimate of $0.55 per share. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Essential Properties Realty Trust, Inc. (EPRT) : Free Stock Analysis Report To read this article on Zacks.com click here. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. | Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Essential Properties Realty Trust, Inc. (EPRT) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.56 per share, beating the Zacks Consensus Estimate of $0.55 per share. American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $106 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 1.34%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.56 per share, beating the Zacks Consensus Estimate of $0.55 per share. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Essential Properties Realty Trust, Inc. (EPRT) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $106 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 1.34%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.56 per share, beating the Zacks Consensus Estimate of $0.55 per share. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Essential Properties Realty Trust, Inc. (EPRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately. |
20924.0 | 2023-02-02 00:00:00 UTC | American Assets Trust Breaks Above 200-Day Moving Average - Bullish for AAT | AAT | https://www.nasdaq.com/articles/american-assets-trust-breaks-above-200-day-moving-average-bullish-for-aat | nan | nan | In trading on Thursday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $29.11, changing hands as high as $29.73 per share. American Assets Trust Inc shares are currently trading up about 2.4% on the day. The chart below shows the one year performance of AAT shares, versus its 200 day moving average:
Looking at the chart above, AAT's low point in its 52 week range is $24.005 per share, with $39.10 as the 52 week high point — that compares with a last trade of $29.65.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $29.11, changing hands as high as $29.73 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $24.005 per share, with $39.10 as the 52 week high point — that compares with a last trade of $29.65. Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: Cheap Financial Shares ETFs Holding EPAY ETFs Holding B The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $29.11, changing hands as high as $29.73 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $24.005 per share, with $39.10 as the 52 week high point — that compares with a last trade of $29.65. Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: Cheap Financial Shares ETFs Holding EPAY ETFs Holding B The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $29.11, changing hands as high as $29.73 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $24.005 per share, with $39.10 as the 52 week high point — that compares with a last trade of $29.65. Free Report: Top 8%+ Dividends (paid monthly) Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Also see: Cheap Financial Shares ETFs Holding EPAY ETFs Holding B The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of American Assets Trust Inc (Symbol: AAT) crossed above their 200 day moving average of $29.11, changing hands as high as $29.73 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $24.005 per share, with $39.10 as the 52 week high point — that compares with a last trade of $29.65. American Assets Trust Inc shares are currently trading up about 2.4% on the day. |
20925.0 | 2022-12-21 00:00:00 UTC | AAT vs. O: Which Stock Is the Better Value Option? | AAT | https://www.nasdaq.com/articles/aat-vs.-o%3A-which-stock-is-the-better-value-option | nan | nan | Investors interested in REIT and Equity Trust - Retail stocks are likely familiar with American Assets Trust (AAT) and Realty Income Corp. (O). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
American Assets Trust has a Zacks Rank of #2 (Buy), while Realty Income Corp. has a Zacks Rank of #3 (Hold) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AAT has an improving earnings outlook. But this is only part of the picture for value investors.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
AAT currently has a forward P/E ratio of 11.20, while O has a forward P/E of 15.94. We also note that AAT has a PEG ratio of 1.44. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. O currently has a PEG ratio of 5.01.
Another notable valuation metric for AAT is its P/B ratio of 1.33. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, O has a P/B of 1.47.
These are just a few of the metrics contributing to AAT's Value grade of B and O's Value grade of F.
AAT is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that AAT is likely the superior value option right now.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in REIT and Equity Trust - Retail stocks are likely familiar with American Assets Trust (AAT) and Realty Income Corp. (O). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AAT has an improving earnings outlook. AAT currently has a forward P/E ratio of 11.20, while O has a forward P/E of 15.94. | Investors interested in REIT and Equity Trust - Retail stocks are likely familiar with American Assets Trust (AAT) and Realty Income Corp. (O). Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Realty Income Corporation (O) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AAT has an improving earnings outlook. | The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AAT has an improving earnings outlook. These are just a few of the metrics contributing to AAT's Value grade of B and O's Value grade of F. AAT is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Realty Income Corporation (O) : Free Stock Analysis Report To read this article on Zacks.com click here. | Another notable valuation metric for AAT is its P/B ratio of 1.33. Investors interested in REIT and Equity Trust - Retail stocks are likely familiar with American Assets Trust (AAT) and Realty Income Corp. (O). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AAT has an improving earnings outlook. |
20926.0 | 2022-12-19 00:00:00 UTC | 3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income | AAT | https://www.nasdaq.com/articles/3-top-ranked-dividend-stocks%3A-a-smarter-way-to-boost-your-retirement-income-38 | nan | nan | Believe it or not, seniors fear running out of cash more than they fear dying.
And retirees have good reason to be worried about making their assets last. People are living longer, so that money has to cover a longer period. Making matters worse, income generated using tried-and-true retirement planning approaches may not cover expenses these days. That means seniors must dip into principal to meet living expenses.
Your parents' retirement investing plan won't cut it today.
In the past, investors going into retirement could invest in bonds and count on attractive yields to produce steady, reliable income streams to fund a predictable retirement. 10-year Treasury bond rates in the late 1990s hovered around 6.50%, whereas the current rate is much lower.
While this yield reduction may not seem drastic, it adds up: for a $1 million investment in 10-year Treasuries, the rate drop means a difference in yield of more than $1 million.
In addition to the considerable drop in bond yields, today's retirees are nervous about their future Social Security benefits. Because of certain demographic factors, it's been estimated that the funds that pay the Social Security benefits will run out of money in 2035.
How can you avoid dipping into your principal when the investments you counted on in retirement aren't producing income? You can only cut your expenses so far, and the only other option is to find a different investment vehicle to generate income.
Invest in Dividend Stocks
As we see it, dividend-paying stocks from generally low-risk, top notch companies are a brilliant way to create steady and solid income streams to supplant low risk, low yielding Treasury and fixed-income alternatives.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
Going beyond those familiar names, you can find excellent dividend-paying stocks by following a few guidelines. Look for companies that pay a dividend yield of around 3%, with positive annual dividend growth. The growth rate is key to help combat the effects of inflation.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.78%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.33% and the S&P 500's yield of 1.68%. The company's annualized dividend growth in the past year was 6.67%. Check American Assets Trust (AAT) dividend history here>>>
Axis Capital (AXS) is paying out a dividend of $0.44 per share at the moment, with a dividend yield of 3.15% compared to the Insurance - Property and Casualty industry's yield of 0.82% and the S&P 500's yield. The annualized dividend growth of the company was 2.38% over the past year. Check Axis Capital (AXS) dividend history here>>>
Currently paying a dividend of $0.26 per share, Brixmor Property (BRX) has a dividend yield of 4.34%. This is compared to the REIT and Equity Trust - Retail industry's yield of 4.33% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 11.63%. Check Brixmor Property (BRX) dividend history here>>>
But aren't stocks generally more risky than bonds?
Yes, that's true. As a broad category, bonds carry less risk than stocks. However, the stocks we are talking about - dividend -paying stocks from high-quality companies - can generate income over time and also mitigate the overall volatility of your portfolio compared to the stock market as a whole.
An upside to adding dividend stocks to your retirement portfolio: they can help lessen the effects of inflation, since many dividend-paying companies (especially blue chip stocks) generally increase their dividends over time.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you prefer investing in funds or ETFs compared to individual stocks, you can still pursue a dividend income strategy. However, it's important to know the fees charged by each fund or ETF, which can ultimately reduce your dividend income, working against your strategy. Do your homework and make sure you know the fees charged by any fund before you invest.
Bottom Line
Seeking steady, consistent income through dividends can be a smart option for financial security in retirement, whether you invest in mutual funds, ETFs, or in dividend-paying stocks.
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American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
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Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.78%. Check American Assets Trust (AAT) dividend history here>>> Axis Capital (AXS) is paying out a dividend of $0.44 per share at the moment, with a dividend yield of 3.15% compared to the Insurance - Property and Casualty industry's yield of 0.82% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report To read this article on Zacks.com click here. | Check American Assets Trust (AAT) dividend history here>>> Axis Capital (AXS) is paying out a dividend of $0.44 per share at the moment, with a dividend yield of 3.15% compared to the Insurance - Property and Casualty industry's yield of 0.82% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.78%. | Check American Assets Trust (AAT) dividend history here>>> Axis Capital (AXS) is paying out a dividend of $0.44 per share at the moment, with a dividend yield of 3.15% compared to the Insurance - Property and Casualty industry's yield of 0.82% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.78%. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report To read this article on Zacks.com click here. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.78%. Check American Assets Trust (AAT) dividend history here>>> Axis Capital (AXS) is paying out a dividend of $0.44 per share at the moment, with a dividend yield of 3.15% compared to the Insurance - Property and Casualty industry's yield of 0.82% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report To read this article on Zacks.com click here. |
20927.0 | 2022-12-12 00:00:00 UTC | American Assets Trust (AAT) is an Incredible Growth Stock: 3 Reasons Why | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-is-an-incredible-growth-stock%3A-3-reasons-why | nan | nan | Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
American Assets Trust (AAT) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
While there are numerous reasons why the stock of this real estate investment trust is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for American Assets Trust is 0.3%, investors should actually focus on the projected growth. The company's EPS is expected to grow 17.3% this year, crushing the industry average, which calls for EPS growth of 8.1%.
Impressive Asset Utilization Ratio
Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, American Assets Trust has an S/TA ratio of 0.14, which means that the company gets $0.14 in sales for each dollar in assets. Comparing this to the industry average of 0.12, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And American Assets Trust looks attractive from a sales growth perspective as well. The company's sales are expected to grow 9% this year versus the industry average of 5.9%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for American Assets Trust. The Zacks Consensus Estimate for the current year has surged 1.1% over the past month.
Bottom Line
American Assets Trust has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that American Assets Trust is a potential outperformer and a solid choice for growth investors.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is one such stock that our proprietary system currently recommends. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. | Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) is one such stock that our proprietary system currently recommends. Impressive Asset Utilization Ratio Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. | American Assets Trust (AAT) is one such stock that our proprietary system currently recommends. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. | American Assets Trust (AAT) is one such stock that our proprietary system currently recommends. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Right now, American Assets Trust has an S/TA ratio of 0.14, which means that the company gets $0.14 in sales for each dollar in assets. |
20928.0 | 2022-12-12 00:00:00 UTC | 3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income | AAT | https://www.nasdaq.com/articles/3-top-ranked-dividend-stocks%3A-a-smarter-way-to-boost-your-retirement-income-37 | nan | nan | Here's an eye-opening statistic: older Americans are more afraid of running out of money than of death itself.
And unfortunately, even retirees who have built a nest egg have good reason to be concerned - with the traditional approaches to retirement planning, income may no longer cover expenses. That means retirees are dipping into principal to make ends meet, setting up a race against time between dwindling investment balances and longer lifespans.
In today's economic environment, traditional income investments are not working.
For many years, bonds or other fixed-income assets could produce the yield needed to provide solid income for retirement needs. However, these yields have dwindled over time: 10-year Treasury bond rates in the late 1990s were around 6.50%, but today, that rate is a thing of the past, with a slim likelihood of rates making a comeback in the foreseeable future.
The impact of this rate decline is sizable: over 20 years, the difference in yield for a $1 million investment in 10-year Treasuries is more than $1 million.
In addition to the considerable drop in bond yields, today's retirees are nervous about their future Social Security benefits. Because of certain demographic factors, it's been estimated that the funds that pay the Social Security benefits will run out of money in 2035.
So what's a retiree to do? You could cut your expenses to the bone, and take the risk that your Social Security checks don't shrink. Or you could find an alternative investment that provides a steady, higher-rate income stream to replace dwindling bond yields.
Invest in Dividend Stocks
Dividend-paying stocks from low-risk, high-quality companies are a smart way to generate steady and reliable attractive income streams to replace low risk, low yielding Treasury and bond options.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
One approach to recognizing appropriate stocks is to look for companies with an average dividend yield of 3% and positive average annual dividend growth. Numerous stocks hike dividends over time, counterbalancing inflation risks.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.71%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.24% and the S&P 500's yield of 1.68%. The company's annualized dividend growth in the past year was 6.67%. Check American Assets Trust (AAT) dividend history here>>>
Apple Hospitality REIT (APLE) is paying out a dividend of $0.08 per share at the moment, with a dividend yield of 5.71% compared to the REIT and Equity Trust - Other industry's yield of 4.39% and the S&P 500's yield. The annualized dividend growth of the company was 2000% over the past year. Check Apple Hospitality REIT (APLE) dividend history here>>>
Currently paying a dividend of $0.26 per share, Bar Harbor Bankshares (BHB) has a dividend yield of 3.41%. This is compared to the Banks - Northeast industry's yield of 2.32% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 8.33%. Check Bar Harbor Bankshares (BHB) dividend history here>>>
But aren't stocks generally more risky than bonds?
The fact is that stocks, as an asset class, carry more risk than bonds. To counterbalance this, invest in superior quality dividend stocks that not only can grow over time but more significantly, can also decrease your overall portfolio volatility with respect to the broader stock market.
Combating the impact of inflation is one advantage of owning these dividend-paying stocks. Here's why: many of these stable, high-quality companies increase their dividends over time, which translates to rising dividend income that offsets the effects of inflation.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
You may be thinking, "I like this dividend strategy, but instead of investing in individual stocks, I'm going to find a dividend-focused mutual fund or ETF." This approach can make sense, but be aware that some mutual funds and specialized ETFs carry high fees, which may reduce your dividend gains or income, and defeat the goal of this dividend investment approach. If you do wish to invest in a fund, do your research to find the best-quality dividend funds with the lowest fees.
Bottom Line
Seeking steady, consistent income through dividends can be a smart option for financial security in retirement, whether you invest in mutual funds, ETFs, or in dividend-paying stocks.
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
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American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report
Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.71%. Check American Assets Trust (AAT) dividend history here>>> Apple Hospitality REIT (APLE) is paying out a dividend of $0.08 per share at the moment, with a dividend yield of 5.71% compared to the REIT and Equity Trust - Other industry's yield of 4.39% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.71%. Check American Assets Trust (AAT) dividend history here>>> Apple Hospitality REIT (APLE) is paying out a dividend of $0.08 per share at the moment, with a dividend yield of 5.71% compared to the REIT and Equity Trust - Other industry's yield of 4.39% and the S&P 500's yield. | Check American Assets Trust (AAT) dividend history here>>> Apple Hospitality REIT (APLE) is paying out a dividend of $0.08 per share at the moment, with a dividend yield of 5.71% compared to the REIT and Equity Trust - Other industry's yield of 4.39% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.71%. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.71%. Check American Assets Trust (AAT) dividend history here>>> Apple Hospitality REIT (APLE) is paying out a dividend of $0.08 per share at the moment, with a dividend yield of 5.71% compared to the REIT and Equity Trust - Other industry's yield of 4.39% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. |
20929.0 | 2022-12-05 00:00:00 UTC | How to Maximize Your Retirement Portfolio with These Top-Ranked Dividend Stocks | AAT | https://www.nasdaq.com/articles/how-to-maximize-your-retirement-portfolio-with-these-top-ranked-dividend-stocks-34 | nan | nan | Strange but true: seniors fear death less than running out of money in retirement.
And retirees have good reason to be worried about making their assets last. People are living longer, so that money has to cover a longer period. Making matters worse, income generated using tried-and-true retirement planning approaches may not cover expenses these days. That means seniors must dip into principal to meet living expenses.
Retirement investing approaches of the past don't work today.
In the past, investors going into retirement could invest in bonds and count on attractive yields to produce steady, reliable income streams to fund a predictable retirement. 10-year Treasury bond rates in the late 1990s hovered around 6.50%, whereas the current rate is much lower.
The effect of this drop in rates is substantial: over 20 years, the change in yield for a $1 million investment in 10-year Treasuries is over $1 million.
Today's retirees are getting hit hard by reduced bond yields - and the Social Security picture isn't too rosy either. Right now and for the near future, Social Security benefits are still being paid, but it has been estimated that the Social Security funds will be depleted as soon as 2035.
Unfortunately, it looks like the two traditional sources of retirement income - bonds and Social Security - may not be able to adequately meet the needs of present and future retirees. But what if there was another option that could provide a steady, reliable source of income in retirement?
Invest in Dividend Stocks
Dividend-paying stocks from low-risk, high-quality companies are a smart way to generate steady and reliable attractive income streams to replace low risk, low yielding Treasury and bond options.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
Going beyond those familiar names, you can find excellent dividend-paying stocks by following a few guidelines. Look for companies that pay a dividend yield of around 3%, with positive annual dividend growth. The growth rate is key to help combat the effects of inflation.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.58%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.12% and the S&P 500's yield of 1.58%. The company's annualized dividend growth in the past year was 6.67%. Check American Assets Trust (AAT) dividend history here>>>
Apple Hospitality REIT (APLE) is paying out a dividend of $0.08 per share at the moment, with a dividend yield of 5.69% compared to the REIT and Equity Trust - Other industry's yield of 4.2% and the S&P 500's yield. The annualized dividend growth of the company was 2000% over the past year. Check Apple Hospitality REIT (APLE) dividend history here>>>
Currently paying a dividend of $0.26 per share, Bar Harbor Bankshares (BHB) has a dividend yield of 3.34%. This is compared to the Banks - Northeast industry's yield of 2.36% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 8.33%. Check Bar Harbor Bankshares (BHB) dividend history here>>>
But aren't stocks generally more risky than bonds?
The fact is that stocks, as an asset class, carry more risk than bonds. To counterbalance this, invest in superior quality dividend stocks that not only can grow over time but more significantly, can also decrease your overall portfolio volatility with respect to the broader stock market.
An advantage of owning dividend stocks for your retirement nest egg is that numerous companies, particularly blue chip stocks, raise their dividends over time, helping alleviate the impact of inflation on your potential retirement income.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you're thinking, "I want to invest in a dividend-focused ETF or mutual fund," make sure to do your homework. It's important to know that some mutual funds and specialized ETFs charge high fees, which may diminish your dividend gains or income and thwart the overall objective of this investment strategy. If you do want to invest in fund, research well to identify the best-quality dividend funds with the least charges.
Bottom Line
Seeking steady, consistent income through dividends can be a smart option for financial security in retirement, whether you invest in mutual funds, ETFs, or in dividend-paying stocks.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report
Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.58%. Check American Assets Trust (AAT) dividend history here>>> Apple Hospitality REIT (APLE) is paying out a dividend of $0.08 per share at the moment, with a dividend yield of 5.69% compared to the REIT and Equity Trust - Other industry's yield of 4.2% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.58%. Check American Assets Trust (AAT) dividend history here>>> Apple Hospitality REIT (APLE) is paying out a dividend of $0.08 per share at the moment, with a dividend yield of 5.69% compared to the REIT and Equity Trust - Other industry's yield of 4.2% and the S&P 500's yield. | Check American Assets Trust (AAT) dividend history here>>> Apple Hospitality REIT (APLE) is paying out a dividend of $0.08 per share at the moment, with a dividend yield of 5.69% compared to the REIT and Equity Trust - Other industry's yield of 4.2% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.58%. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.58%. Check American Assets Trust (AAT) dividend history here>>> Apple Hospitality REIT (APLE) is paying out a dividend of $0.08 per share at the moment, with a dividend yield of 5.69% compared to the REIT and Equity Trust - Other industry's yield of 4.2% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. |
20930.0 | 2022-12-05 00:00:00 UTC | AAT or O: Which Is the Better Value Stock Right Now? | AAT | https://www.nasdaq.com/articles/aat-or-o%3A-which-is-the-better-value-stock-right-now-1 | nan | nan | Investors interested in REIT and Equity Trust - Retail stocks are likely familiar with American Assets Trust (AAT) and Realty Income Corp. (O). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
American Assets Trust and Realty Income Corp. are sporting Zacks Ranks of #2 (Buy) and #4 (Sell), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AAT has an improving earnings outlook. However, value investors will care about much more than just this.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
AAT currently has a forward P/E ratio of 12.07, while O has a forward P/E of 16.20. We also note that AAT has a PEG ratio of 1.55. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. O currently has a PEG ratio of 5.09.
Another notable valuation metric for AAT is its P/B ratio of 1.41. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, O has a P/B of 1.47.
These metrics, and several others, help AAT earn a Value grade of B, while O has been given a Value grade of F.
AAT stands above O thanks to its solid earnings outlook, and based on these valuation figures, we also feel that AAT is the superior value option right now.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
Realty Income Corporation (O) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in REIT and Equity Trust - Retail stocks are likely familiar with American Assets Trust (AAT) and Realty Income Corp. (O). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AAT has an improving earnings outlook. AAT currently has a forward P/E ratio of 12.07, while O has a forward P/E of 16.20. | Investors interested in REIT and Equity Trust - Retail stocks are likely familiar with American Assets Trust (AAT) and Realty Income Corp. (O). Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Realty Income Corporation (O) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AAT has an improving earnings outlook. | The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AAT has an improving earnings outlook. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Realty Income Corporation (O) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in REIT and Equity Trust - Retail stocks are likely familiar with American Assets Trust (AAT) and Realty Income Corp. (O). | Investors interested in REIT and Equity Trust - Retail stocks are likely familiar with American Assets Trust (AAT) and Realty Income Corp. (O). Another notable valuation metric for AAT is its P/B ratio of 1.41. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that AAT has an improving earnings outlook. |
20931.0 | 2022-12-05 00:00:00 UTC | Ex-Dividend Reminder: American Assets Trust, First American Financial and Regions Financial | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-american-assets-trust-first-american-financial-and-regions-financial | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 12/7/22, American Assets Trust Inc (Symbol: AAT), First American Financial Corp (Symbol: FAF), and Regions Financial Corp (Symbol: RF) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc will pay its quarterly dividend of $0.32 on 12/22/22, First American Financial Corp will pay its quarterly dividend of $0.52 on 12/15/22, and Regions Financial Corp will pay its quarterly dividend of $0.20 on 1/3/23. As a percentage of AAT's recent stock price of $27.51, this dividend works out to approximately 1.16%, so look for shares of American Assets Trust Inc to trade 1.16% lower — all else being equal — when AAT shares open for trading on 12/7/22. Similarly, investors should look for FAF to open 0.99% lower in price and for RF to open 0.88% lower, all else being equal.
Below are dividend history charts for AAT, FAF, and RF, showing historical dividends prior to the most recent ones declared.
American Assets Trust Inc (Symbol: AAT):
First American Financial Corp (Symbol: FAF):
Regions Financial Corp (Symbol: RF):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.65% for American Assets Trust Inc, 3.98% for First American Financial Corp, and 3.50% for Regions Financial Corp.
In Monday trading, American Assets Trust Inc shares are currently off about 1.6%, First American Financial Corp shares are down about 1.7%, and Regions Financial Corp shares are down about 1.4% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a percentage of AAT's recent stock price of $27.51, this dividend works out to approximately 1.16%, so look for shares of American Assets Trust Inc to trade 1.16% lower — all else being equal — when AAT shares open for trading on 12/7/22. Looking at the universe of stocks we cover at Dividend Channel, on 12/7/22, American Assets Trust Inc (Symbol: AAT), First American Financial Corp (Symbol: FAF), and Regions Financial Corp (Symbol: RF) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for AAT, FAF, and RF, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 12/7/22, American Assets Trust Inc (Symbol: AAT), First American Financial Corp (Symbol: FAF), and Regions Financial Corp (Symbol: RF) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc (Symbol: AAT): First American Financial Corp (Symbol: FAF): Regions Financial Corp (Symbol: RF): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AAT's recent stock price of $27.51, this dividend works out to approximately 1.16%, so look for shares of American Assets Trust Inc to trade 1.16% lower — all else being equal — when AAT shares open for trading on 12/7/22. | Looking at the universe of stocks we cover at Dividend Channel, on 12/7/22, American Assets Trust Inc (Symbol: AAT), First American Financial Corp (Symbol: FAF), and Regions Financial Corp (Symbol: RF) will all trade ex-dividend for their respective upcoming dividends. American Assets Trust Inc (Symbol: AAT): First American Financial Corp (Symbol: FAF): Regions Financial Corp (Symbol: RF): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of AAT's recent stock price of $27.51, this dividend works out to approximately 1.16%, so look for shares of American Assets Trust Inc to trade 1.16% lower — all else being equal — when AAT shares open for trading on 12/7/22. | As a percentage of AAT's recent stock price of $27.51, this dividend works out to approximately 1.16%, so look for shares of American Assets Trust Inc to trade 1.16% lower — all else being equal — when AAT shares open for trading on 12/7/22. American Assets Trust Inc (Symbol: AAT): First American Financial Corp (Symbol: FAF): Regions Financial Corp (Symbol: RF): In general, dividends are not always predictable, following the ups and downs of company profits over time. Looking at the universe of stocks we cover at Dividend Channel, on 12/7/22, American Assets Trust Inc (Symbol: AAT), First American Financial Corp (Symbol: FAF), and Regions Financial Corp (Symbol: RF) will all trade ex-dividend for their respective upcoming dividends. |
20932.0 | 2022-11-28 00:00:00 UTC | Is it Wise to Hold Regency (REG) Stock in Your Portfolio Now? | AAT | https://www.nasdaq.com/articles/is-it-wise-to-hold-regency-reg-stock-in-your-portfolio-now | nan | nan | The increase in consumers’ preference for in-person shopping experiences following the pandemic downtime has been driving the recovery in the retail real estate industry.
Given this backdrop, Regency Centers Corp. REG is well-poised to benefit from its portfolio of premium shopping centers in the affluent suburban areas and near urban trade areas of the United States as these have strong growth drivers.
This retail real estate investment trust (REIT) is focused on building a premium portfolio of grocery-anchored shopping centers. As of the third-quarter end, its portfolio comprised 80% of grocery-anchored neighborhood and community centers, which are necessity-driven. This ensures dependable traffic and allows the company to bank on its grocery centers during uncertain times.
REG’s portfolio has a good tenant mix, with several industry-leading grocers. This enables it to generate steady rental revenues.
With more people moving into the suburbs due to the post-pandemic migration and the hybrid work setup, Regency’s suburban-shopping-center portfolio is expected to benefit.
Regency’s expansion efforts into the key markets and development initiatives seem encouraging. From the beginning of 2022 through Sep 30, 2022, the company’s acquisitions totaled $201 million (at Regency’s share), encompassing 972,000 gross leasable area.
On the balance-sheet front, the company had the full capacity under its $1.2-billion revolving credit facility as of Sep 30, 2022. Its low leverage and limited near-term maturities provide ample financial flexibility.
Also, investment grade credit ratings of BBB+/Baa1 from S&P Global and Moody's, respectively, render it favorable access to the debt market. With a strong financial footing, Regency is well-positioned to capitalize on future growth opportunities.
Analysts, too, seem bullish about the Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for the company’s 2022 funds from operations (FFO) per share has moved marginally upward over the past week, indicating a favorable outlook for Regency.
Shares of REG have gained 23.1% in the quarter-to-date period compared with the industry’s growth of 19.7%.
Image Source: Zacks Investment Research
Nonetheless, given the conveniences of online shopping, rising e-commerce adoption is concerning for Regency. The efforts of online retailers to go deeper into the grocery business in recent years is likely to hurt the market share for brick-and-mortar stores, raising concerns for the company.
Supply-chain challenges and labor shortages amid a high inflationary environment could adversely impact Regency’s development and redevelopment project pipeline.
Also, rising interest rates are likely to increase the company's borrowing costs, affecting its ability to purchase or develop real estate.
Stocks to Consider
Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Tanger Factory Outlet Centers’ ongoing year’s FFO per share is pegged at $1.80.
The Zacks Consensus Estimate for American Assets Trust’s 2022 FFO per share is pegged at $2.29.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Regency Centers Corporation (REG) : Free Stock Analysis Report
Tanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis Report
American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Regency Centers Corporation (REG) : Free Stock Analysis Report Tanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis Report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for the company’s 2022 funds from operations (FFO) per share has moved marginally upward over the past week, indicating a favorable outlook for Regency. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Regency Centers Corporation (REG) : Free Stock Analysis Report Tanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis Report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for Tanger Factory Outlet Centers’ ongoing year’s FFO per share is pegged at $1.80. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Regency Centers Corporation (REG) : Free Stock Analysis Report Tanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis Report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for the company’s 2022 funds from operations (FFO) per share has moved marginally upward over the past week, indicating a favorable outlook for Regency. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Regency Centers Corporation (REG) : Free Stock Analysis Report Tanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis Report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Given this backdrop, Regency Centers Corp. REG is well-poised to benefit from its portfolio of premium shopping centers in the affluent suburban areas and near urban trade areas of the United States as these have strong growth drivers. |
20933.0 | 2022-11-28 00:00:00 UTC | Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks | AAT | https://www.nasdaq.com/articles/improve-your-retirement-income-with-these-3-top-ranked-dividend-stocks-26 | nan | nan | Believe it or not, seniors fear running out of cash more than they fear dying.
And older Americans have legitimate reasons for this worry, even if they have dutifully saved for their golden years. That's because the traditional ways people manage retirement may no longer provide enough income to meet expenses - and with people generally living longer, the principal retirement savings is exhausted far too early in the retirement period.
Retirement investing approaches of the past don't work today.
For many years, bonds or other fixed-income assets could produce the yield needed to provide solid income for retirement needs. However, these yields have dwindled over time: 10-year Treasury bond rates in the late 1990s were around 6.50%, but today, that rate is a thing of the past, with a slim likelihood of rates making a comeback in the foreseeable future.
The effect of this drop in rates is substantial: over 20 years, the change in yield for a $1 million investment in 10-year Treasuries is over $1 million.
In addition to the considerable drop in bond yields, today's retirees are nervous about their future Social Security benefits. Because of certain demographic factors, it's been estimated that the funds that pay the Social Security benefits will run out of money in 2035.
Unfortunately, it looks like the two traditional sources of retirement income - bonds and Social Security - may not be able to adequately meet the needs of present and future retirees. But what if there was another option that could provide a steady, reliable source of income in retirement?
Invest in Dividend Stocks
Dividend-paying stocks from low-risk, high-quality companies are a smart way to generate steady and reliable attractive income streams to replace low risk, low yielding Treasury and bond options.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.51%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.12% and the S&P 500's yield of 1.6%. The company's annualized dividend growth in the past year was 6.67%. Check American Assets Trust (AAT) dividend history here>>>
Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.4% compared to the Banks - Northeast industry's yield of 2.33% and the S&P 500's yield. The annualized dividend growth of the company was 8.33% over the past year. Check Bar Harbor Bankshares (BHB) dividend history here>>>
Currently paying a dividend of $0.26 per share, Brixmor Property (BRX) has a dividend yield of 4.15%. This is compared to the REIT and Equity Trust - Retail industry's yield of 4.12% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 11.63%. Check Brixmor Property (BRX) dividend history here>>>
But aren't stocks generally more risky than bonds?
Overall, that is true. But stocks are a broad class, and you can reduce the risks significantly by selecting high-quality dividend stocks that can generate regular, predictable income and can also decrease the volatility of your portfolio compared to the overall stock market.
An upside to adding dividend stocks to your retirement portfolio: they can help lessen the effects of inflation, since many dividend-paying companies (especially blue chip stocks) generally increase their dividends over time.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you prefer investing in funds or ETFs compared to individual stocks, you can still pursue a dividend income strategy. However, it's important to know the fees charged by each fund or ETF, which can ultimately reduce your dividend income, working against your strategy. Do your homework and make sure you know the fees charged by any fund before you invest.
Bottom Line
Regardless of whether you select high-quality, low-fee funds or stocks, looking for a steady stream of income from dividend-paying equities can potentially lead you to a solid and more peaceful retirement.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report
Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.51%. Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.4% compared to the Banks - Northeast industry's yield of 2.33% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.4% compared to the Banks - Northeast industry's yield of 2.33% and the S&P 500's yield. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.51%. | Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.4% compared to the Banks - Northeast industry's yield of 2.33% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.51%. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.4% compared to the Banks - Northeast industry's yield of 2.33% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.51%. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report Brixmor Property Group Inc. (BRX) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report To read this article on Zacks.com click here. |
20934.0 | 2022-11-25 00:00:00 UTC | 3 Reasons Growth Investors Will Love American Assets Trust (AAT) | AAT | https://www.nasdaq.com/articles/3-reasons-growth-investors-will-love-american-assets-trust-aat | nan | nan | Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
American Assets Trust (AAT) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this real estate investment trust is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for American Assets Trust is 0.3%, investors should actually focus on the projected growth. The company's EPS is expected to grow 14.7% this year, crushing the industry average, which calls for EPS growth of 8.2%.
Impressive Asset Utilization Ratio
Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.
Right now, American Assets Trust has an S/TA ratio of 0.14, which means that the company gets $0.14 in sales for each dollar in assets. Comparing this to the industry average of 0.12, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And American Assets Trust is well positioned from a sales growth perspective too. The company's sales are expected to grow 9% this year versus the industry average of 6.1%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for American Assets Trust. The Zacks Consensus Estimate for the current year has surged 0.4% over the past month.
Bottom Line
American Assets Trust has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions American Assets Trust well for outperformance, so growth investors may want to bet on it.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Assets Trust, Inc. (AAT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is on the list of such stocks currently recommended by our proprietary system. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. | Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. American Assets Trust (AAT) is on the list of such stocks currently recommended by our proprietary system. Impressive Asset Utilization Ratio Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. | American Assets Trust (AAT) is on the list of such stocks currently recommended by our proprietary system. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. | American Assets Trust (AAT) is on the list of such stocks currently recommended by our proprietary system. Click to get this free report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Bottom Line American Assets Trust has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions. |
20935.0 | 2022-11-25 00:00:00 UTC | Key Reasons Why Macerich's (MAC) Shares Soared 65.8% QTD | AAT | https://www.nasdaq.com/articles/key-reasons-why-macerichs-mac-shares-soared-65.8-qtd | nan | nan | Shares of The Macerich Company MAC have skyrocketed 65.8% in the quarter-to-date period compared with its industry’s growth of 19.1%.
Earlier this month, this retail real estate investment trust (REIT), headquartered in Santa Monica, CA, reported third-quarter 2022 FFO per share of 46 cents, excluding financing expenses in relation to Chandler Freehold. The figure grew 2.2% year over year.
It witnessed robust leasing demand during the third quarter, with tenant sales continuing to gain momentum. The portfolio occupancy improved year over year, and the re-leasing spreads were the strongest since the end of third-quarter 2019.
Image Source: Zacks Investment Research
Let us decipher the factors behind the surge in the stock price.
The increase in consumers’ preference for in-person shopping experiences following the pandemic downtime has been driving the recovery in the retail real estate industry. Retailers continue to rent out more physical store spaces to meet this growing demand.
As a result, Macerich’s portfolio of premium assets in the United States, with a notable presence in California, the Pacific Northwest, Arizona and the Metro New York to Washington, DC corridor, has been experiencing solid leasing activity.
These densely populated areas have an affluent customer base with significant disposable income. This has helped the company capture the post-pandemic rebound in retail demand, aiding its cash flow generation.
During third-quarter 2022, Macerich signed 219 new and renewal leases encompassing 1.1 million square feet. Its portfolio occupancy improved year over year from 90.3% to 92.1% as of Sep 30, 2022.
Moreover, the portfolio tenant sales per square foot for spaces less than 10,000 square feet in the trailing 12 months ended Sep 30, 2022, touched $877 — a record high.
In recent years, omni-channel retailing has gained momentum and has become the focal point for many retailers. In line with this, Macerich has been focusing on enhancing its asset quality and customer relationships by increasing its adoption of the omni-channel model. The company has also been shifting toward re-use and mixed-used properties by recapturing and repositioning anchor tenants.
Moreover, MAC’s development and redevelopment initiatives seem encouraging.
In October 2022, Macerich announced plans for the next phase of the ongoing reinvestment in the company’s iconic Scottsdale Fashion Square, encompassing 1.9 million square feet. This will provide the company an opportunity to capitalize on the expenditure trend of affluent customers and generate decent cash flows.
Further, this November, MAC announced that Dillard's DDS will construct a new and bigger store to replace its existing operations at South Plains Mall in Lubbock, TX.
The new flagship store encompassing 220,000 square feet will take over the former Sears site, replacing the two locations Dillard's currently occupies at South Plains Mall. The construction for the same is slated to begin immediately, with an anticipated opening date in early 2024.
Macerich’s aggressive capital-recycling program to enhance the overall quality of its portfolio highlights its prudent capital-management practices and releases the pressure off its balance sheet.
As of Nov 3, MAC had more than $615 million of liquidity. Its well-laddered debt maturity profile and ample financial flexibility have positioned it well to capitalize on long-term growth opportunities.
Moreover, its projected current cash flow growth is significant compared with 26.69% growth estimated for the industry.
Solid dividend payouts remain the biggest attraction for REIT investors, and Macerich has remained committed to that. In October 2022, it increased the quarterly cash dividend payment from 15 cents per share to 17 cents, reflecting a hike of 13.3%. Such efforts boost investors’ confidence in the stock.
Nonetheless, given the conveniences of online shopping, rising e-commerce adoption is still a concern for this Zacks Rank #3 (Hold) company. Also, amid the inflationary environment and interest rate hikes, a slowdown in the economy and the depletion of savings could limit consumers’ willingness to spend to some extent.
Stocks to Consider
Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Tanger Factory Outlet Centers’ ongoing year’s FFO per share has presently stands at $1.80.
The Zacks Consensus Estimate for American Assets Trust’s 2022 FFO per share is pegged at $2.29, presently.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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Dillard's, Inc. (DDS) : Free Stock Analysis Report
Macerich Company The (MAC) : Free Stock Analysis Report
Tanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Dillard's, Inc. (DDS) : Free Stock Analysis Report Macerich Company The (MAC) : Free Stock Analysis Report Tanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis Report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Earlier this month, this retail real estate investment trust (REIT), headquartered in Santa Monica, CA, reported third-quarter 2022 FFO per share of 46 cents, excluding financing expenses in relation to Chandler Freehold. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Dillard's, Inc. (DDS) : Free Stock Analysis Report Macerich Company The (MAC) : Free Stock Analysis Report Tanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis Report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for Tanger Factory Outlet Centers’ ongoing year’s FFO per share has presently stands at $1.80. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Dillard's, Inc. (DDS) : Free Stock Analysis Report Macerich Company The (MAC) : Free Stock Analysis Report Tanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis Report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Earlier this month, this retail real estate investment trust (REIT), headquartered in Santa Monica, CA, reported third-quarter 2022 FFO per share of 46 cents, excluding financing expenses in relation to Chandler Freehold. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Dillard's, Inc. (DDS) : Free Stock Analysis Report Macerich Company The (MAC) : Free Stock Analysis Report Tanger Factory Outlet Centers, Inc. (SKT) : Free Stock Analysis Report American Assets Trust, Inc. (AAT) : Free Stock Analysis Report To read this article on Zacks.com click here. Earlier this month, this retail real estate investment trust (REIT), headquartered in Santa Monica, CA, reported third-quarter 2022 FFO per share of 46 cents, excluding financing expenses in relation to Chandler Freehold. |
20936.0 | 2022-11-23 00:00:00 UTC | Here's Why You Should Retain Realty Income (O) Stock for Now | AAT | https://www.nasdaq.com/articles/heres-why-you-should-retain-realty-income-o-stock-for-now | nan | nan | The increase in consumers’ preference for in-person shopping experiences following the pandemic downtime has been driving the recovery in the retail real estate industry.
Given this backdrop, Realty Income O is well-poised to benefit from its portfolio comprising major industries that sell essential goods and services.
This retail real estate investment trust (REIT) derives a majority of its annualized retail contractual rental revenues from tenants with a service, non-discretionary and/or low-price-point component to their business. These businesses are less susceptible to economic downturns, assuring stable revenue generation for the company.
O has a diversified tenant base operating in 79 different industries. Apart from retail properties, its portfolio also comprises industrial and other properties. This minimizes the risks related to any particular industry, region or asset type.
Realty Income’s accretive buyouts and development initiatives seem encouraging for its external growth. It anticipates incurring more than $6 billion in acquisitions in 2022.
Moreover, its capital-recycling efforts highlight the company’s prudent capital management practices alongside relieving the pressure on its balance sheet.
On the balance-sheet front, the company exited the third quarter of 2022 with nearly $2.5 billion of liquidity. Further, its investment-grade credit ratings render it favorable access to the debt market.
With a well-laddered debt-maturity schedule and enough financial flexibility, O is well-positioned to capitalize on long-term growth opportunities.
Solid dividend payouts are the biggest enticements for REIT shareholders, and Realty Income remains committed to that. This September, “The Monthly Dividend Company” increased its monthly cash dividend on its common stock, marking the 117th dividend increase since its NYSE listing in 1994. Given its robust financial position and a lower debt-to-equity ratio compared with the industry, the latest dividend rate is likely to be sustainable.
Nonetheless, given the conveniences of online shopping, rising e-commerce adoption is concerning for Realty Income. Online retailing will likely remain a popular choice among customers, adversely impacting the market share for brick-and-mortar stores.
A major part of O’s tenant roster comprises single-client properties, which expose it to the risks associated with tenant defaults. This could hurt the company’s rental revenues generated from that property.
Also, rising interest rates are likely to increase the company's borrowing costs, affecting its ability to purchase or develop real estate.
Shares of this Zacks Rank #3 (Hold) company have lost 7.6% in the past three months compared with the industry’s decline of 0.4%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Tanger Factory Outlet Centers’ ongoing year’s FFO per share has presently stands at $1.80.
The Zacks Consensus Estimate for American Assets Trust’s 2022 FFO per share is pegged at $2.26, presently.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Tanger Factory Outlet Centers, Inc. (SKT): Free Stock Analysis Report
Realty Income Corporation (O): Free Stock Analysis Report
American Assets Trust, Inc. (AAT): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. The increase in consumers’ preference for in-person shopping experiences following the pandemic downtime has been driving the recovery in the retail real estate industry. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Tanger Factory Outlet Centers, Inc. (SKT): Free Stock Analysis Report | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This September, “The Monthly Dividend Company” increased its monthly cash dividend on its common stock, marking the 117th dividend increase since its NYSE listing in 1994. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the retail REIT sector are Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. This retail real estate investment trust (REIT) derives a majority of its annualized retail contractual rental revenues from tenants with a service, non-discretionary and/or low-price-point component to their business. |
20937.0 | 2022-11-22 00:00:00 UTC | Is it Wise to Hold on to Federal Realty (FRT) Stock for Now? | AAT | https://www.nasdaq.com/articles/is-it-wise-to-hold-on-to-federal-realty-frt-stock-for-now | nan | nan | The increase in consumers’ preference for in-person shopping experiences following the pandemic downtime has been driving the recovery in the retail real estate industry. Given this backdrop, Federal Realty FRT is well-poised to benefit from its portfolio of premium assets in the United States.
This retail real estate investment trust’s (REIT) properties are located in the first ring suburbs of the nine major metropolitan markets of the United States, mainly in the key coastal markets from Washington DC to Boston, San Francisco and Los Angeles. The strong demographics and infill nature of its properties allow Federal Realty to enjoy high occupancy.
The company has a well-diversified tenant base of retailers, including TJX Companies, Kroger and CVS Corporation. This minimizes the risks related to any particular retail industry and assures a stable source of rental revenues.
Federal Realty’s efforts to explore the mixed-use development option, which has gained immense popularity in recent years, will enable it to tap the growth opportunities in areas where people prefer to live, work and play.
Moreover, Federal Realty’s expansion efforts into the premium markets and initiatives to redevelop and reposition its assets seem encouraging.
On the balance-sheet front, Federal Realty exited third-quarter 2022 with cash and cash equivalents of $ $146.2 million. In October 2022, it increased the borrowing capacity of its revolving credit facility from $1.0 billion to $1.25 billion, giving it enough financial flexibility.
Further, its investment-grade credit ratings render it favorable access to the debt market. With strong balance-sheet strength, FRT is well-positioned to capitalize on long-term growth opportunities.
Analysts seem bullish about the Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for the company’s 2022 funds from operations (FFO) per share has moved marginally upward over the past week, indicating a favorable outlook for FRT.
Shares of Federal Realty have gained 19.8% in the quarter-to-date period compared with its industry’s growth of 17.4%.
Image Source: Zacks Investment Research
However, given the conveniences of online shopping, rising e-commerce adoption is concerning for Federal Realty. Online retailing will likely remain a popular choice among customers, adversely impacting the market share for brick-and-mortar stores.
A slowdown in the economy and the depletion of savings amid an inflationary environment and interest rate hikes could limit consumers’ willingness to spend to some extent in the coming quarters.
Also, rising interest rates might increase the company's borrowing costs, affecting its ability to purchase or develop real estate.
Stocks to Consider
Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Regency Centers’ current-year FFO per share is currently pegged at $3.97.
The Zacks Consensus Estimate for Tanger Factory Outlet Centers’ ongoing year’s FFO per share has presently stands at $1.80.
The Zacks Consensus Estimate for American Assets Trust’s 2022 FFO per share is pegged at $2.26, presently.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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Federal Realty Investment Trust (FRT): Free Stock Analysis Report
Regency Centers Corporation (REG): Free Stock Analysis Report
Tanger Factory Outlet Centers, Inc. (SKT): Free Stock Analysis Report
American Assets Trust, Inc. (AAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Federal Realty’s efforts to explore the mixed-use development option, which has gained immense popularity in recent years, will enable it to tap the growth opportunities in areas where people prefer to live, work and play. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Federal Realty Investment Trust (FRT): Free Stock Analysis Report | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research However, given the conveniences of online shopping, rising e-commerce adoption is concerning for Federal Realty. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Tanger Factory Outlet Centers SKT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report To read this article on Zacks.com click here. Also, rising interest rates might increase the company's borrowing costs, affecting its ability to purchase or develop real estate. |
20938.0 | 2022-11-21 00:00:00 UTC | 3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income | AAT | https://www.nasdaq.com/articles/3-top-ranked-dividend-stocks%3A-a-smarter-way-to-boost-your-retirement-income-31 | nan | nan | Strange but true: seniors fear death less than running out of money in retirement.
And retirees have good reason to be worried about making their assets last. People are living longer, so that money has to cover a longer period. Making matters worse, income generated using tried-and-true retirement planning approaches may not cover expenses these days. That means seniors must dip into principal to meet living expenses.
The tried-and-true retirement investing approach of yesterday doesn't work today.
Years ago, investors at or close to retirement could put money into fixed-income assets and depend on appealing yields to generate consistent, solid pay streams to fund a comfortable retirement. 10-year Treasury bond rates in the late 1990s floated around 6.50%, but unfortunately, those days of being able to exclusively rely on Treasury yields to fund retirement income are over.
That means if you had $1 million in 10-year Treasuries, the difference in yield between 1999 and today is more than $1 million.
Today's retirees are getting hit hard by reduced bond yields - and the Social Security picture isn't too rosy either. Right now and for the near future, Social Security benefits are still being paid, but it has been estimated that the Social Security funds will be depleted as soon as 2035.
So what can retirees do? You could dramatically reduce your expenses, and go out on a limb hoping your Social Security benefits don't diminish. On the other hand, you could opt for an alternative investment that gives a steady, higher-rate income stream to supplant lessening bond yields.
Invest in Dividend Stocks
Dividend-paying stocks from low-risk, high-quality companies are a smart way to generate steady and reliable attractive income streams to replace low risk, low yielding Treasury and bond options.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.44%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.17% and the S&P 500's yield of 1.61%. The company's annualized dividend growth in the past year was 6.67%. Check American Assets Trust (AAT) dividend history here>>>
Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.5% compared to the Banks - Northeast industry's yield of 2.31% and the S&P 500's yield. The annualized dividend growth of the company was 8.33% over the past year. Check Bar Harbor Bankshares (BHB) dividend history here>>>
Currently paying a dividend of $0.26 per share, Brixmor Property (BRX) has a dividend yield of 4.23%. This is compared to the REIT and Equity Trust - Retail industry's yield of 4.17% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 11.63%. Check Brixmor Property (BRX) dividend history here>>>
But aren't stocks generally more risky than bonds?
Yes, that's true. As a broad category, bonds carry less risk than stocks. However, the stocks we are talking about - dividend -paying stocks from high-quality companies - can generate income over time and also mitigate the overall volatility of your portfolio compared to the stock market as a whole.
A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you prefer investing in funds or ETFs compared to individual stocks, you can still pursue a dividend income strategy. However, it's important to know the fees charged by each fund or ETF, which can ultimately reduce your dividend income, working against your strategy. Do your homework and make sure you know the fees charged by any fund before you invest.
Bottom Line
Whether you select high-quality, low-fee funds or stocks, seeking the steady income of dividend-paying equities can potentially offer you a path to a better and more stress-free retirement.
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It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
Brixmor Property Group Inc. (BRX): Free Stock Analysis Report
Bar Harbor Bankshares, Inc. (BHB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.44%. Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.5% compared to the Banks - Northeast industry's yield of 2.31% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.5% compared to the Banks - Northeast industry's yield of 2.31% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.44%. | Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.5% compared to the Banks - Northeast industry's yield of 2.31% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.44%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.44%. Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.5% compared to the Banks - Northeast industry's yield of 2.31% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report |
20939.0 | 2022-11-16 00:00:00 UTC | AAT or O: Which Is the Better Value Stock Right Now? | AAT | https://www.nasdaq.com/articles/aat-or-o%3A-which-is-the-better-value-stock-right-now-0 | nan | nan | Investors interested in stocks from the REIT and Equity Trust - Retail sector have probably already heard of American Assets Trust (AAT) and Realty Income Corp. (O). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
American Assets Trust and Realty Income Corp. are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. Investors should feel comfortable knowing that AAT likely has seen a stronger improvement to its earnings outlook than O has recently. But this is just one factor that value investors are interested in.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
AAT currently has a forward P/E ratio of 12.51, while O has a forward P/E of 16.67. We also note that AAT has a PEG ratio of 1.56. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. O currently has a PEG ratio of 5.24.
Another notable valuation metric for AAT is its P/B ratio of 1.43. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, O has a P/B of 1.51.
These are just a few of the metrics contributing to AAT's Value grade of B and O's Value grade of D.
AAT has seen stronger estimate revision activity and sports more attractive valuation metrics than O, so it seems like value investors will conclude that AAT is the superior option right now.
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A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
Realty Income Corporation (O): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in stocks from the REIT and Equity Trust - Retail sector have probably already heard of American Assets Trust (AAT) and Realty Income Corp. (O). Investors should feel comfortable knowing that AAT likely has seen a stronger improvement to its earnings outlook than O has recently. AAT currently has a forward P/E ratio of 12.51, while O has a forward P/E of 16.67. | Investors interested in stocks from the REIT and Equity Trust - Retail sector have probably already heard of American Assets Trust (AAT) and Realty Income Corp. (O). American Assets Trust, Inc. (AAT): Free Stock Analysis Report Investors should feel comfortable knowing that AAT likely has seen a stronger improvement to its earnings outlook than O has recently. | Investors interested in stocks from the REIT and Equity Trust - Retail sector have probably already heard of American Assets Trust (AAT) and Realty Income Corp. (O). These are just a few of the metrics contributing to AAT's Value grade of B and O's Value grade of D. AAT has seen stronger estimate revision activity and sports more attractive valuation metrics than O, so it seems like value investors will conclude that AAT is the superior option right now. Investors should feel comfortable knowing that AAT likely has seen a stronger improvement to its earnings outlook than O has recently. | These are just a few of the metrics contributing to AAT's Value grade of B and O's Value grade of D. AAT has seen stronger estimate revision activity and sports more attractive valuation metrics than O, so it seems like value investors will conclude that AAT is the superior option right now. Investors interested in stocks from the REIT and Equity Trust - Retail sector have probably already heard of American Assets Trust (AAT) and Realty Income Corp. (O). Investors should feel comfortable knowing that AAT likely has seen a stronger improvement to its earnings outlook than O has recently. |
20940.0 | 2022-11-15 00:00:00 UTC | Key Reasons Why Simon Property (SPG) Stock Soared 31% QTD | AAT | https://www.nasdaq.com/articles/key-reasons-why-simon-property-spg-stock-soared-31-qtd | nan | nan | Shares of Simon Property SPG have gained 31% in the quarter-to-date period compared with its industry’s growth of 16%.
Earlier this month, this Indianapolis, IN-based retail real estate investment trust (REIT) reported third-quarter 2022 comparable funds from operations (FFO) per share of $2.97, exceeding the Zacks Consensus Estimate of $2.93. Moreover, the figure increased 1.7% year over year.
Its results were aided by a healthy operating performance and growth in occupancy levels. This retail REIT behemoth also raised its 2022 comparable FFO per share outlook from $11.70-$11.77 to $11.83-$11.88.
Analysts, too, seem bullish on this Zacks Rank #3 (Hold) stock. The Zacks Consensus Estimate for the company’s 2022 funds from operations (FFO) per share indicates a favorable outlook as it has increased marginally upward over the past week.
Image Source: Zacks Investment Research
Let us now decipher the factors behind the increase in the stock price.
Improving Leasing Environment: The increase in consumers’ preference for in-person shopping experience following the pandemic downtime has been driving the recovery in the retail real estate industry. Retailers continue to rent out more physical store spaces to meet this growing demand. As a result, Simon Property’s portfolio of premium assets in the United States and abroad has been experiencing solid leasing activity.
For the nine months ended Sep 30, 2022, it signed 983 new leases and 1,116 renewal leases (excluding mall anchors and majors, new development, redevelopment and leases with terms of one year or less) with a fixed minimum rent across its U.S. Malls and Premium Outlets portfolio.
Healthy Operating Performance: The occupancy for Simon Property’s U.S. Malls and Premium Outlets portfolio improved 170 basis points year over year to 94.5% as of Sep 30, 2022. Also, the base-minimum rent per square foot for this portfolio was $54.80 as of Sep 30, 2022, rising from $53.91 as of Sep 30, 2021.
During the third quarter, the retailer sales touched another record high of $749 per square foot for the malls and the outlets combined. This reflected an increase of 14% year-over-year.
Focus on Omni-Chanel Strategy: Simon Property’s adoption of an omni-channel strategy and successful tie-ups with premium retailers has paid off well. Its online retail platform, coupled with an omni-channel strategy, is likely to be accretive to its long-term growth. Further, its efforts to explore the mixed-use development option, which has gained immense popularity in recent years, has enabled it to tap the growth opportunities in areas where people prefer to live, work and play.
Balance Sheet & Cash Flow Strength: The company maintains a solid balance-sheet position with ample liquidity. It exited third-quarter 2022 with $8.6 billion of liquidity and a fixed-charge coverage ratio of 5.0, which is well ahead of the required level. SPG also enjoys investment-grade credit ratings, giving it favorable access to the debt market.
SPG’s trailing 12-month return on equity (ROE) is 54.59% compared with the industry’s average of 6.27%. This reflects that the company is more efficient in using shareholders’ funds than its peers.
In addition, its current cash flow growth is projected at 44.90% compared with the 26.69% growth estimated for the industry.
With strong financial footing and enough financial flexibility, it is well-placed to capitalize on long-term growth opportunities.
Dividends: Solid dividend payouts remain the biggest enticement for REIT investors, and SPG has consistently raised its dividend rates. Concurrent with the third-quarter earnings release on Nov 1, 2022, SPG announced a 2.9% sequential hike in its fourth-quarter 2022 dividend to $1.80 per share. Prior to this, the company increased its third-quarter 2022 dividend to $1.75 per share from $1.70 paid earlier. Such efforts boost investors’ confidence in the stock.
Nonetheless, given the convenience of online shopping, it is likely to remain a popular choice among consumers, affecting the market share for brick-and-mortar stores. Also, interest rate hikes add to its concerns.
Stocks to Consider
Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Federal Realty Investment Trust FRT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Regency Centers’ current-year FFO per share is currently pegged at $3.97.
The Zacks Consensus Estimate for Federal Realty’s ongoing year’s FFO per share has presently stands at $6.24.
The Zacks Consensus Estimate for American Assets Trust’s 2022 FFO per share is pegged at $2.26, presently.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Simon Property Group, Inc. (SPG): Free Stock Analysis Report
Federal Realty Investment Trust (FRT): Free Stock Analysis Report
Regency Centers Corporation (REG): Free Stock Analysis Report
American Assets Trust, Inc. (AAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Federal Realty Investment Trust FRT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report Earlier this month, this Indianapolis, IN-based retail real estate investment trust (REIT) reported third-quarter 2022 comparable funds from operations (FFO) per share of $2.97, exceeding the Zacks Consensus Estimate of $2.93. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Federal Realty Investment Trust FRT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report Earlier this month, this Indianapolis, IN-based retail real estate investment trust (REIT) reported third-quarter 2022 comparable funds from operations (FFO) per share of $2.97, exceeding the Zacks Consensus Estimate of $2.93. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Federal Realty Investment Trust FRT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report Earlier this month, this Indianapolis, IN-based retail real estate investment trust (REIT) reported third-quarter 2022 comparable funds from operations (FFO) per share of $2.97, exceeding the Zacks Consensus Estimate of $2.93. | Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Federal Realty Investment Trust FRT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report Shares of Simon Property SPG have gained 31% in the quarter-to-date period compared with its industry’s growth of 16%. |
20941.0 | 2022-11-14 00:00:00 UTC | 3 Top Dividend Stocks to Maximize Your Retirement Income | AAT | https://www.nasdaq.com/articles/3-top-dividend-stocks-to-maximize-your-retirement-income-22 | nan | nan | Here's a revealing data point: older Americans are scared more of outliving wealth than of death itself.
And unfortunately, even retirees who have built a nest egg have good reason to be concerned - with the traditional approaches to retirement planning, income may no longer cover expenses. That means retirees are dipping into principal to make ends meet, setting up a race against time between dwindling investment balances and longer lifespans.
Retirement investing approaches of the past don't work today.
Years ago, investors at or close to retirement could put money into fixed-income assets and depend on appealing yields to generate consistent, solid pay streams to fund a comfortable retirement. 10-year Treasury bond rates in the late 1990s floated around 6.50%, but unfortunately, those days of being able to exclusively rely on Treasury yields to fund retirement income are over.
The effect of this drop in rates is substantial: over 20 years, the change in yield for a $1 million investment in 10-year Treasuries is over $1 million.
Today's retirees are getting hit hard by reduced bond yields - and the Social Security picture isn't too rosy either. Right now and for the near future, Social Security benefits are still being paid, but it has been estimated that the Social Security funds will be depleted as soon as 2035.
So what can retirees do? You could dramatically reduce your expenses, and go out on a limb hoping your Social Security benefits don't diminish. On the other hand, you could opt for an alternative investment that gives a steady, higher-rate income stream to supplant lessening bond yields.
Invest in Dividend Stocks
As we see it, dividend-paying stocks from generally low-risk, top notch companies are a brilliant way to create steady and solid income streams to supplant low risk, low yielding Treasury and fixed-income alternatives.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
One approach to recognizing appropriate stocks is to look for companies with an average dividend yield of 3% and positive average annual dividend growth. Numerous stocks hike dividends over time, counterbalancing inflation risks.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.48%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.19% and the S&P 500's yield of 1.63%. The company's annualized dividend growth in the past year was 6.67%. Check American Assets Trust (AAT) dividend history here>>>
Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.38% compared to the Banks - Northeast industry's yield of 2.26% and the S&P 500's yield. The annualized dividend growth of the company was 8.33% over the past year. Check Bar Harbor Bankshares (BHB) dividend history here>>>
Currently paying a dividend of $0.27 per share, Comcast (CMCSA) has a dividend yield of 3.17%. This is compared to the Cable Television industry's yield of 0% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 8%. Check Comcast (CMCSA) dividend history here>>>
But aren't stocks generally more risky than bonds?
It is true that stocks, as an asset class, carry more risk than bonds, but high-quality dividend stocks not only have the ability to produce income growth over time but more importantly, can also reduce your overall portfolio volatility relative to the broader stock market.
Combating the impact of inflation is one advantage of owning these dividend-paying stocks. Here's why: many of these stable, high-quality companies increase their dividends over time, which translates to rising dividend income that offsets the effects of inflation.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you prefer investing in funds or ETFs compared to individual stocks, you can still pursue a dividend income strategy. However, it's important to know the fees charged by each fund or ETF, which can ultimately reduce your dividend income, working against your strategy. Do your homework and make sure you know the fees charged by any fund before you invest.
Bottom Line
Regardless of whether you select high-quality, low-fee funds or stocks, looking for a steady stream of income from dividend-paying equities can potentially lead you to a solid and more peaceful retirement.
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
Comcast Corporation (CMCSA): Free Stock Analysis Report
Bar Harbor Bankshares, Inc. (BHB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.48%. Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.38% compared to the Banks - Northeast industry's yield of 2.26% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.38% compared to the Banks - Northeast industry's yield of 2.26% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.48%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.38% compared to the Banks - Northeast industry's yield of 2.26% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.48%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.38% compared to the Banks - Northeast industry's yield of 2.26% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.48%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report |
20942.0 | 2022-11-11 00:00:00 UTC | The Zacks Analyst Blog Highlights American Assets Trust, American Electric Power, BCB Bancorp NJ, Conagra Brands and NextEra Energy Partners | AAT | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-american-assets-trust-american-electric-power-bcb | nan | nan | For Immediate Release
Chicago, IL – November 11, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: American Assets Trust AAT, American Electric Power AEP, BCB Bancorp NJ BCBP, Conagra Brands CAG and NextEra Energy Partners NEP.
Here are highlights from Thursday’s Analyst Blog:
5 Best Dividend Stocks to Buy for the Rest of 2022 & Beyond
Traditionally, stocks tend to scale up after midterm elections. In reality, the stock market tends to perform better amid gridlock in Washington, or if there is some sort of split government. Thus, investors were expecting Republicans to gain ground, which so far has failed to materialize.
The outcome of the battle over the control of the U.S. Senate and House remains unclear, but chances of a so-called “red wave” appears to have been more or less ruined. No doubt, the stock market ended in the negative territory on Nov 9, a day after Americans voted to decide who controls Congress.
Major stock indexes, incidentally, have jumped up this year as the Federal Reserve tightened its monetary policy to curb stubbornly high inflation. Needless to say, a rate hike impacts consumer spending levels and consequently economic growth.
This month, nonetheless, the Fed has approved its fourth successive three-quarter-point rate hike, thereby taking the interest rate to between 3.75% and 4%. In fact, interest rates are expected to increase further in December and beyond, thanks to recent better-than-anticipated payroll numbers.
Meanwhile, Fed Chair Jerome Powell categorically mentioned that it’s “premature” to think about pausing interest rate hikes since core inflationary pressure continues to rise at a painful pace. Per the U.S. Labor Department, the core consumer price index for the month of September soared 6.6% year over year, its biggest 12-month jump since 1982.
Additionally, investors are now anxious that a likely bankruptcy of the FTX cryptocurrency exchange may adversely impact the already battered stock market. However, investors shouldn’t freak out!
Instead, they should place their bets on dividend-paying stocks like American Assets Trust, American Electric Power, BCB Bancorp NJ, Conagra Brands and NextEra Energy Partners for a steady stream of income this year and beyond.
Thanks to a fundamentally sound business model, dividend-paying stocks remain protected from market vagaries. Presently, these stocks carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and offer high yields. You can see the complete list of today’s Zacks Rank #1 stocks here.
American Assets Trust is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. American Assets Trust has a dividend yield of 4.62%. In the past 5-year period, AAT has increased its dividend seven times, and its payout has advanced 2.83%. Check American Assets Trust’s dividend history here.
AAT’s expected earnings growth rate for the current year is 13%. Its next 5-year projected earnings growth rate is 8%. Currently, AAT has a Zacks Rank #2.
American Electric Power is a public utility holding company, which, through directly and indirectly owned subsidiaries, generates, transmits and distributes electricity, natural gas and other commodities. American Electric Power has a dividend yield of 3.5%. In the past 5-year period, AEP has increased its dividend five times, and its payout has advanced 5.52%. Check American Electric Power’s dividend history here.
AEP’s expected earnings growth rate for the current year is 6.1%. Its next 5-year projected earnings growth rate is 6.2%. Currently, AEP has a Zacks Rank #2.
BCB Bancorp NJ operates as the holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. BCB Bancorp has a dividend yield of 3.25%. In the past 5-year period, BCBP has increased its dividend one time, and its payout has advanced 3.06%. Check BCB Bancorp’s dividend history here.
BCBP’s expected earnings growth rate for the current and next years are 43.8% and 3.6%, respectively. Currently, BCBP has a Zacks Rank #1.
Conagra Brands is one of the leading branded food companies of North America. Conagra Brands has a dividend yield of 3.7%. In the past 5-year period, CAG has increased its dividend three times, and its payout has advanced 11.23%. Check Conagra Brands’ dividend history here.
CAG’s expected earnings growth rate for the current year is nearly 3%. Its next 5-year projected earnings growth rate is 6%. Currently, CAG has a Zacks Rank #2.
NextEra Energy Partners is a growth-oriented limited partnership formed by NextEra Energy, Inc. in 2014. The partnership is formed to acquire, manage and own contracted clean energy projects with stable long-term cash flows. NextEra Energy Partners has a dividend yield of 4.13%. In the past 5-year period, NEP has increased its dividend 20 times, and its payout has advanced almost 15%. Check NextEra Energy Partners’ dividend history here.
NEP’s expected earnings growth rate for the current year is 190.4%. Its next 5-year projected earnings growth rate is 10%. Currently, NEP has a Zacks Rank #2.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
Conagra Brands (CAG): Free Stock Analysis Report
American Assets Trust, Inc. (AAT): Free Stock Analysis Report
NextEra Energy Partners, LP (NEP): Free Stock Analysis Report
BCB Bancorp, Inc. NJ (BCBP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stocks recently featured in the blog include: American Assets Trust AAT, American Electric Power AEP, BCB Bancorp NJ BCBP, Conagra Brands CAG and NextEra Energy Partners NEP. In the past 5-year period, AAT has increased its dividend seven times, and its payout has advanced 2.83%. AAT’s expected earnings growth rate for the current year is 13%. | Stocks recently featured in the blog include: American Assets Trust AAT, American Electric Power AEP, BCB Bancorp NJ BCBP, Conagra Brands CAG and NextEra Energy Partners NEP. In the past 5-year period, AAT has increased its dividend seven times, and its payout has advanced 2.83%. AAT’s expected earnings growth rate for the current year is 13%. | Stocks recently featured in the blog include: American Assets Trust AAT, American Electric Power AEP, BCB Bancorp NJ BCBP, Conagra Brands CAG and NextEra Energy Partners NEP. In the past 5-year period, AAT has increased its dividend seven times, and its payout has advanced 2.83%. AAT’s expected earnings growth rate for the current year is 13%. | Stocks recently featured in the blog include: American Assets Trust AAT, American Electric Power AEP, BCB Bancorp NJ BCBP, Conagra Brands CAG and NextEra Energy Partners NEP. In the past 5-year period, AAT has increased its dividend seven times, and its payout has advanced 2.83%. AAT’s expected earnings growth rate for the current year is 13%. |
20943.0 | 2022-11-10 00:00:00 UTC | Kimco (KIM) Boosts New York Market Presence With $376M Buyout | AAT | https://www.nasdaq.com/articles/kimco-kim-boosts-new-york-market-presence-with-%24376m-buyout | nan | nan | To enhance its presence in the high barrier-to-entry market of New York, Kimco KIM has announced the acquisition of a private, multi-generationally-owned portfolio of eight shopping centers in Long Island, NY, for $375.8 million.
The acquisition will add to Kimco’s portfolio 540,000 square feet of retail space, further strengthening its position as one of Long Island’s largest owners of grocery-anchored shopping centers with 36 assets aggregating more than 3.5 million square feet.
Moreover, with the buyout, KIM is expected to capitalize on the highly captive consumer base with some of the best demographic profiles in the country that Long Island’s ultra-infill markets have to offer. The portfolio comprises a three-mile estimated population of 95,000 with an average household income of $187,000 and is 94.4% leased.
The eight high-quality shopping centers comprise five grocery-anchored centers with a strong collection of necessity-based tenants and retailers that offer everyday goods and services. This is likely to enhance Kimco’s portfolio, a large portion of which includes grocery-anchored centers. As of third-quarter 2022 end, this segment generated 81% of Kimco’s annual base rent.
Kimco funded the purchase through the issuance of a combination of cash and redeemable units and the assumption of a 4.1% mortgage debt of $88.8 million, having a remaining term of around six years.
Per Conor Flynn, CEO of KIM, “The acquisition also brings us closer to our target of 85% of the company’s annual base rent coming from grocery anchored centers.”
Kimco has been following an opportunistic investment policy to enhance its overall portfolio quality. It has been divesting its joint venture assets that have maximized their value and utilizing the proceeds to fund acquisitions and development and redevelopment projects.
During the third quarter, this retail REIT acquired two grocery-anchored centers for $89 million in aggregate. The centers are located in the Fishtown neighborhood of Philadelphia and Massapequa, NY, and encompass 329,000 square feet.
Further, its strong balance-sheet position supports its expansionary efforts. KIM exited the third quarter of 2022 with nearly $2.0 billion of immediate liquidity. This included $1.9 billion of availability under its $2-billion unsecured revolving credit facility and cash and cash equivalents of $124 million.
Analysts seem bullish on this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for the company’s 2022 funds from operations (FFO) per share has been revised marginally upward over the past week to $1.58.
Shares of Kimco have lost 9.2% in the past three months compared with the industry's decline of 9.4%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Federal Realty Investment Trust FRT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Regency Centers’ current-year FFO per share is currently pegged at $3.96.
The Zacks Consensus Estimate for Federal Realty’s ongoing year’s FFO per share has presently stands at $6.21.
The Zacks Consensus Estimate for American Assets Trust’s 2022 FFO per share is pegged at $2.26, presently.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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Kimco Realty Corporation (KIM): Free Stock Analysis Report
Federal Realty Investment Trust (FRT): Free Stock Analysis Report
Regency Centers Corporation (REG): Free Stock Analysis Report
American Assets Trust, Inc. (AAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Federal Realty Investment Trust FRT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report To enhance its presence in the high barrier-to-entry market of New York, Kimco KIM has announced the acquisition of a private, multi-generationally-owned portfolio of eight shopping centers in Long Island, NY, for $375.8 million. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Federal Realty Investment Trust FRT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report Kimco Realty Corporation (KIM): Free Stock Analysis Report | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Federal Realty Investment Trust FRT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report To enhance its presence in the high barrier-to-entry market of New York, Kimco KIM has announced the acquisition of a private, multi-generationally-owned portfolio of eight shopping centers in Long Island, NY, for $375.8 million. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks from the retail REIT sector are Regency Centers REG, Federal Realty Investment Trust FRT and American Assets Trust AAT, each carrying a Zacks Rank #2 (Buy) at present. American Assets Trust, Inc. (AAT): Free Stock Analysis Report The Zacks Consensus Estimate for the company’s 2022 funds from operations (FFO) per share has been revised marginally upward over the past week to $1.58. |
20944.0 | 2022-11-10 00:00:00 UTC | 5 Best Dividend Stocks to Buy for the Rest of 2022 & Beyond | AAT | https://www.nasdaq.com/articles/5-best-dividend-stocks-to-buy-for-the-rest-of-2022-beyond | nan | nan | Traditionally, stocks tend to scale up after midterm elections. In reality, the stock market tends to perform better amid gridlock in Washington, or if there is some sort of split government. Thus, investors were expecting Republicans to gain ground, which so far has failed to materialize.
The outcome of the battle over the control of the U.S. Senate and House remains unclear, but chances of a so-called “red wave” appears to have been more or less ruined. No doubt, the stock market ended in the negative territory on Nov 9, a day after Americans voted to decide who controls Congress.
Major stock indexes, incidentally, have jumped up this year as the Federal Reserve tightened its monetary policy to curb stubbornly high inflation. Needless to say, a rate hike impacts consumer spending levels and consequently economic growth.
This month, nonetheless, the Fed has approved its fourth successive three-quarter-point rate hike, thereby taking the interest rate to between 3.75% and 4%. In fact, interest rates are expected to increase further in December and beyond, thanks to recent better-than-anticipated payroll numbers.
Meanwhile, Fed Chair Jerome Powell categorically mentioned that it’s “premature” to think about pausing interest rate hikes since core inflationary pressure continues to rise at a painful pace. Per the U.S. Labor Department, the core consumer price index for the month of September soared 6.6% year over year, its biggest 12-month jump since 1982.
Additionally, investors are now anxious that a likely bankruptcy of the FTX cryptocurrency exchange may adversely impact the already battered stock market. However, investors shouldn’t freak out!
Instead, they should place their bets on dividend-paying stocks like American Assets Trust AAT, American Electric Power AEP, BCB Bancorp NJ BCBP, Conagra Brands CAG and NextEra Energy Partners NEP for a steady stream of income this year and beyond.
Thanks to a fundamentally sound business model, dividend-paying stocks remain protected from market vagaries. Presently, these stocks carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and offer high yields. You can see the complete list of today’s Zacks Rank #1 stocks here.
American Assets Trust is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. American Assets Trust has a dividend yield of 4.62%. In the past 5-year period, AAT has increased its dividend seven times, and its payout has advanced 2.83%. Check American Assets Trust’s dividend history here.
American Assets Trust, Inc. Dividend Yield (TTM)
American Assets Trust, Inc. dividend-yield-ttm | American Assets Trust, Inc. Quote
AAT’s expected earnings growth rate for the current year is 13%. Its next 5-year projected earnings growth rate is 8%. Currently, AAT has a Zacks Rank #2.
American Electric Power is a public utility holding company, which, through directly and indirectly owned subsidiaries, generates, transmits and distributes electricity, natural gas and other commodities. American Electric Power has a dividend yield of 3.5%. In the past 5-year period, AEP has increased its dividend five times, and its payout has advanced 5.52%. Check American Electric Power’s dividend history here.
American Electric Power Company, Inc. Dividend Yield (TTM)
American Electric Power Company, Inc. dividend-yield-ttm | American Electric Power Company, Inc. Quote
AEP’s expected earnings growth rate for the current year is 6.1%. Its next 5-year projected earnings growth rate is 6.2%. Currently, AEP has a Zacks Rank #2.
BCB Bancorp NJ operates as the holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. BCB Bancorp has a dividend yield of 3.25%. In the past 5-year period, BCBP has increased its dividend one time, and its payout has advanced 3.06%. Check BCB Bancorp’s dividend history here.
BCB Bancorp, Inc. NJ Dividend Yield (TTM)
BCB Bancorp, Inc. NJ dividend-yield-ttm | BCB Bancorp, Inc. NJ Quote
BCBP’s expected earnings growth rate for the current and next years are 43.8% and 3.6%, respectively. Currently, BCBP has a Zacks Rank #1.
Conagra Brands is one of the leading branded food companies of North America. Conagra Brands has a dividend yield of 3.7%. In the past 5-year period, CAG has increased its dividend three times, and its payout has advanced 11.23%. Check Conagra Brands’ dividend history here.
Conagra Brands Dividend Yield (TTM)
Conagra Brands dividend-yield-ttm | Conagra Brands Quote
CAG’s expected earnings growth rate for the current year is nearly 3%. Its next 5-year projected earnings growth rate is 6%. Currently, CAG has a Zacks Rank #2.
NextEra Energy Partners is a growth-oriented limited partnership formed by NextEra Energy, Inc. in 2014. The partnership is formed to acquire, manage and own contracted clean energy projects with stable long-term cash flows. NextEra Energy Partners has a dividend yield of 4.13%. In the past 5-year period, NEP has increased its dividend 20 times, and its payout has advanced almost 15%. Check NextEra Energy Partners’ dividend history here.
NextEra Energy Partners, LP Dividend Yield (TTM)
NextEra Energy Partners, LP dividend-yield-ttm | NextEra Energy Partners, LP Quote
NEP’s expected earnings growth rate for the current year is 190.4%. Its next 5-year projected earnings growth rate is 10%. Currently, NEP has a Zacks Rank #2.
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American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
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NextEra Energy Partners, LP (NEP): Free Stock Analysis Report
BCB Bancorp, Inc. NJ (BCBP): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Instead, they should place their bets on dividend-paying stocks like American Assets Trust AAT, American Electric Power AEP, BCB Bancorp NJ BCBP, Conagra Brands CAG and NextEra Energy Partners NEP for a steady stream of income this year and beyond. In the past 5-year period, AAT has increased its dividend seven times, and its payout has advanced 2.83%. American Assets Trust, Inc. Dividend Yield (TTM) American Assets Trust, Inc. dividend-yield-ttm | American Assets Trust, Inc. Quote AAT’s expected earnings growth rate for the current year is 13%. | Instead, they should place their bets on dividend-paying stocks like American Assets Trust AAT, American Electric Power AEP, BCB Bancorp NJ BCBP, Conagra Brands CAG and NextEra Energy Partners NEP for a steady stream of income this year and beyond. In the past 5-year period, AAT has increased its dividend seven times, and its payout has advanced 2.83%. American Assets Trust, Inc. Dividend Yield (TTM) American Assets Trust, Inc. dividend-yield-ttm | American Assets Trust, Inc. Quote AAT’s expected earnings growth rate for the current year is 13%. | American Assets Trust, Inc. Dividend Yield (TTM) American Assets Trust, Inc. dividend-yield-ttm | American Assets Trust, Inc. Quote AAT’s expected earnings growth rate for the current year is 13%. Instead, they should place their bets on dividend-paying stocks like American Assets Trust AAT, American Electric Power AEP, BCB Bancorp NJ BCBP, Conagra Brands CAG and NextEra Energy Partners NEP for a steady stream of income this year and beyond. In the past 5-year period, AAT has increased its dividend seven times, and its payout has advanced 2.83%. | Instead, they should place their bets on dividend-paying stocks like American Assets Trust AAT, American Electric Power AEP, BCB Bancorp NJ BCBP, Conagra Brands CAG and NextEra Energy Partners NEP for a steady stream of income this year and beyond. In the past 5-year period, AAT has increased its dividend seven times, and its payout has advanced 2.83%. American Assets Trust, Inc. Dividend Yield (TTM) American Assets Trust, Inc. dividend-yield-ttm | American Assets Trust, Inc. Quote AAT’s expected earnings growth rate for the current year is 13%. |
20945.0 | 2022-11-08 00:00:00 UTC | 3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income | AAT | https://www.nasdaq.com/articles/3-top-ranked-dividend-stocks%3A-a-smarter-way-to-boost-your-retirement-income-25 | nan | nan | Strange but true: seniors fear death less than running out of money in retirement.
And retirees have good reason to be worried about making their assets last. People are living longer, so that money has to cover a longer period. Making matters worse, income generated using tried-and-true retirement planning approaches may not cover expenses these days. That means seniors must dip into principal to meet living expenses.
Retirement investing approaches of the past don't work today.
In the past, investors going into retirement could invest in bonds and count on attractive yields to produce steady, reliable income streams to fund a predictable retirement. 10-year Treasury bond rates in the late 1990s hovered around 6.50%, whereas the current rate is much lower.
That means if you had $1 million in 10-year Treasuries, the difference in yield between 1999 and today is more than $1 million.
And lower bond yields aren't the only potential problem seniors are facing. Today's retirees aren't feeling as secure as they once did about Social Security, either. Benefit checks will still be coming for the foreseeable future, but based on current estimates, Social Security funds will run out of money in 2035.
How can you avoid dipping into your principal when the investments you counted on in retirement aren't producing income? You can only cut your expenses so far, and the only other option is to find a different investment vehicle to generate income.
Invest in Dividend Stocks
As a replacement for low yielding Treasury bonds (and other bond options), we believe dividend-paying stocks from high quality companies offer low risk and stable, predictable income investors in retirement seek.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
Going beyond those familiar names, you can find excellent dividend-paying stocks by following a few guidelines. Look for companies that pay a dividend yield of around 3%, with positive annual dividend growth. The growth rate is key to help combat the effects of inflation.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.57%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.33% and the S&P 500's yield of 1.7%. The company's annualized dividend growth in the past year was 6.67%. Check American Assets Trust (AAT) dividend history here>>>
Global Partners LP (GLP) is paying out a dividend of $0.63 per share at the moment, with a dividend yield of 8.34% compared to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry's yield of 6.33% and the S&P 500's yield. The annualized dividend growth of the company was 5.22% over the past year. Check Global Partners LP (GLP) dividend history here>>>
Currently paying a dividend of $0.16 per share, Huntington Bancshares (HBAN) has a dividend yield of 4%. This is compared to the Banks - Midwest industry's yield of 2.31% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 3.33%. Check Huntington Bancshares (HBAN) dividend history here>>>
But aren't stocks generally more risky than bonds?
It is true that stocks, as an asset class, carry more risk than bonds, but high-quality dividend stocks not only have the ability to produce income growth over time but more importantly, can also reduce your overall portfolio volatility relative to the broader stock market.
An upside to adding dividend stocks to your retirement portfolio: they can help lessen the effects of inflation, since many dividend-paying companies (especially blue chip stocks) generally increase their dividends over time.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you're thinking, "I want to invest in a dividend-focused ETF or mutual fund," make sure to do your homework. It's important to know that some mutual funds and specialized ETFs charge high fees, which may diminish your dividend gains or income and thwart the overall objective of this investment strategy. If you do want to invest in fund, research well to identify the best-quality dividend funds with the least charges.
Bottom Line
Regardless of whether you select high-quality, low-fee funds or stocks, looking for a steady stream of income from dividend-paying equities can potentially lead you to a solid and more peaceful retirement.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
Huntington Bancshares Incorporated (HBAN): Free Stock Analysis Report
Global Partners LP (GLP): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.57%. Check American Assets Trust (AAT) dividend history here>>> Global Partners LP (GLP) is paying out a dividend of $0.63 per share at the moment, with a dividend yield of 8.34% compared to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry's yield of 6.33% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Global Partners LP (GLP) is paying out a dividend of $0.63 per share at the moment, with a dividend yield of 8.34% compared to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry's yield of 6.33% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.57%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Global Partners LP (GLP) is paying out a dividend of $0.63 per share at the moment, with a dividend yield of 8.34% compared to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry's yield of 6.33% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.57%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.57%. Check American Assets Trust (AAT) dividend history here>>> Global Partners LP (GLP) is paying out a dividend of $0.63 per share at the moment, with a dividend yield of 8.34% compared to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry's yield of 6.33% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report |
20946.0 | 2022-10-27 00:00:00 UTC | 3 Top Dividend Stocks to Maximize Your Retirement Income | AAT | https://www.nasdaq.com/articles/3-top-dividend-stocks-to-maximize-your-retirement-income-16 | nan | nan | Here's a revealing data point: older Americans are scared more of outliving wealth than of death itself.
And retirees have good reason to be worried about making their assets last. People are living longer, so that money has to cover a longer period. Making matters worse, income generated using tried-and-true retirement planning approaches may not cover expenses these days. That means seniors must dip into principal to meet living expenses.
Your parents' retirement investing plan won't cut it today.
Years ago, investors at or close to retirement could put money into fixed-income assets and depend on appealing yields to generate consistent, solid pay streams to fund a comfortable retirement. 10-year Treasury bond rates in the late 1990s floated around 6.50%, but unfortunately, those days of being able to exclusively rely on Treasury yields to fund retirement income are over.
The effect of this drop in rates is substantial: over 20 years, the change in yield for a $1 million investment in 10-year Treasuries is over $1 million.
Today's retirees are getting hit hard by reduced bond yields - and the Social Security picture isn't too rosy either. Right now and for the near future, Social Security benefits are still being paid, but it has been estimated that the Social Security funds will be depleted as soon as 2035.
How can you avoid dipping into your principal when the investments you counted on in retirement aren't producing income? You can only cut your expenses so far, and the only other option is to find a different investment vehicle to generate income.
Invest in Dividend Stocks
As we see it, dividend-paying stocks from generally low-risk, top notch companies are a brilliant way to create steady and solid income streams to supplant low risk, low yielding Treasury and fixed-income alternatives.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.63%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.53% and the S&P 500's yield of 1.71%. The company's annualized dividend growth in the past year was 6.67%. Check American Assets Trust (AAT) dividend history here>>>
Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.56% compared to the Banks - Northeast industry's yield of 2.25% and the S&P 500's yield. The annualized dividend growth of the company was 8.33% over the past year. Check Bar Harbor Bankshares (BHB) dividend history here>>>
Currently paying a dividend of $0.15 per share, Retail Opportunity Investments (ROIC) has a dividend yield of 4.19%. This is compared to the REIT and Equity Trust - Retail industry's yield of 4.53% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 36.36%. Check Retail Opportunity Investments (ROIC) dividend history here>>>
But aren't stocks generally more risky than bonds?
Yes, that's true. As a broad category, bonds carry less risk than stocks. However, the stocks we are talking about - dividend -paying stocks from high-quality companies - can generate income over time and also mitigate the overall volatility of your portfolio compared to the stock market as a whole.
An upside to adding dividend stocks to your retirement portfolio: they can help lessen the effects of inflation, since many dividend-paying companies (especially blue chip stocks) generally increase their dividends over time.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you're thinking, "I want to invest in a dividend-focused ETF or mutual fund," make sure to do your homework. It's important to know that some mutual funds and specialized ETFs charge high fees, which may diminish your dividend gains or income and thwart the overall objective of this investment strategy. If you do want to invest in fund, research well to identify the best-quality dividend funds with the least charges.
Bottom Line
Pursuing a dividend investing strategy can help protect your retirement portfolio. Whether you choose to invest in stocks or through low-fee mutual funds or ETFs, this approach can potentially help you achieve a more secure and enjoyable retirement.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
Retail Opportunity Investments Corp. (ROIC): Free Stock Analysis Report
Bar Harbor Bankshares, Inc. (BHB): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.63%. Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.56% compared to the Banks - Northeast industry's yield of 2.25% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.56% compared to the Banks - Northeast industry's yield of 2.25% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.63%. | Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.56% compared to the Banks - Northeast industry's yield of 2.25% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.63%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.63%. Check American Assets Trust (AAT) dividend history here>>> Bar Harbor Bankshares (BHB) is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 3.56% compared to the Banks - Northeast industry's yield of 2.25% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report |
20947.0 | 2022-10-25 00:00:00 UTC | American Assets Trust (AAT) Surpasses Q3 FFO and Revenue Estimates | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-surpasses-q3-ffo-and-revenue-estimates | nan | nan | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.63 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to FFO of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 14.55%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.54 per share when it actually produced FFO of $0.58, delivering a surprise of 7.41%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $111.02 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 7.62%. This compares to year-ago revenues of $98.29 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
American Assets Trust shares have lost about 28.8% since the beginning of the year versus the S&P 500's decline of -20.3%.
What's Next for American Assets Trust?
While American Assets Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Assets Trust: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.56 on $102.71 million in revenues for the coming quarter and $2.26 on $409.64 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Retail is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Kimco Realty (KIM), another stock in the same industry, has yet to report results for the quarter ended September 2022. The results are expected to be released on October 27.
This real estate investment trust is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of +21.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Kimco Realty's revenues are expected to be $424.4 million, up 15.1% from the year-ago quarter.
Just Released: Zacks Unveils the Top 5 EV Stocks for 2022
For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.
>>Send me my free report revealing the top 5 EV stocks
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.63 per share, beating the Zacks Consensus Estimate of $0.55 per share. American Assets Trust, Inc. (AAT): Free Stock Analysis Report The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.63 per share, beating the Zacks Consensus Estimate of $0.55 per share. American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $111.02 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 7.62%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.63 per share, beating the Zacks Consensus Estimate of $0.55 per share. American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $111.02 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 7.62%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.63 per share, beating the Zacks Consensus Estimate of $0.55 per share. American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $111.02 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 7.62%. |
20948.0 | 2022-10-19 00:00:00 UTC | The three-year loss for American Assets Trust (NYSE:AAT) shareholders likely driven by its shrinking earnings | AAT | https://www.nasdaq.com/articles/the-three-year-loss-for-american-assets-trust-nyse%3Aaat-shareholders-likely-driven-by-its | nan | nan | For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. Unfortunately, that's been the case for longer term American Assets Trust, Inc. (NYSE:AAT) shareholders, since the share price is down 45% in the last three years, falling well short of the market return of around 30%. And the ride hasn't got any smoother in recent times over the last year, with the price 32% lower in that time. The falls have accelerated recently, with the share price down 13% in the last three months. But this could be related to the weak market, which is down 6.5% in the same period.
The recent uptick of 4.1% could be a positive sign of things to come, so let's take a lot at historical fundamentals.
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
American Assets Trust saw its EPS decline at a compound rate of 5.8% per year, over the last three years. This reduction in EPS is slower than the 18% annual reduction in the share price. So it seems the market was too confident about the business, in the past.
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).
NYSE:AAT Earnings Per Share Growth October 19th 2022
It's good to see that there was some significant insider buying in the last three months. That's a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. This free interactive report on American Assets Trust's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
What About Dividends?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for American Assets Trust the TSR over the last 3 years was -39%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!
A Different Perspective
We regret to report that American Assets Trust shareholders are down 29% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 23%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 4% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. It's always interesting to track share price performance over the longer term. But to understand American Assets Trust better, we need to consider many other factors. For example, we've discovered 2 warning signs for American Assets Trust (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Unfortunately, that's been the case for longer term American Assets Trust, Inc. (NYSE:AAT) shareholders, since the share price is down 45% in the last three years, falling well short of the market return of around 30%. NYSE:AAT Earnings Per Share Growth October 19th 2022 It's good to see that there was some significant insider buying in the last three months. This free interactive report on American Assets Trust's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. | Unfortunately, that's been the case for longer term American Assets Trust, Inc. (NYSE:AAT) shareholders, since the share price is down 45% in the last three years, falling well short of the market return of around 30%. NYSE:AAT Earnings Per Share Growth October 19th 2022 It's good to see that there was some significant insider buying in the last three months. This free interactive report on American Assets Trust's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. | Unfortunately, that's been the case for longer term American Assets Trust, Inc. (NYSE:AAT) shareholders, since the share price is down 45% in the last three years, falling well short of the market return of around 30%. NYSE:AAT Earnings Per Share Growth October 19th 2022 It's good to see that there was some significant insider buying in the last three months. We note that for American Assets Trust the TSR over the last 3 years was -39%, which is better than the share price return mentioned above. | Unfortunately, that's been the case for longer term American Assets Trust, Inc. (NYSE:AAT) shareholders, since the share price is down 45% in the last three years, falling well short of the market return of around 30%. NYSE:AAT Earnings Per Share Growth October 19th 2022 It's good to see that there was some significant insider buying in the last three months. The falls have accelerated recently, with the share price down 13% in the last three months. |
20949.0 | 2022-10-17 00:00:00 UTC | Why American Assets Trust (AAT) is a Great Dividend Stock Right Now | AAT | https://www.nasdaq.com/articles/why-american-assets-trust-aat-is-a-great-dividend-stock-right-now-0 | nan | nan | All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
American Assets Trust in Focus
Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -33.49%. Currently paying a dividend of $0.32 per share, the company has a dividend yield of 5.13%. In comparison, the REIT and Equity Trust - Retail industry's yield is 5%, while the S&P 500's yield is 1.84%.
Looking at dividend growth, the company's current annualized dividend of $1.28 is up 10.3% from last year. In the past five-year period, American Assets Trust has increased its dividend 4 times on a year-over-year basis for an average annual increase of 2.83%. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend. American Assets Trust's current payout ratio is 57%, meaning it paid out 57% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for AAT for this fiscal year. The Zacks Consensus Estimate for 2022 is $2.26 per share, which represents a year-over-year growth rate of 13%.
Bottom Line
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -33.49%. Earnings growth looks solid for AAT for this fiscal year. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -33.49%. Earnings growth looks solid for AAT for this fiscal year. | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -33.49%. Earnings growth looks solid for AAT for this fiscal year. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -33.49%. Earnings growth looks solid for AAT for this fiscal year. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). |
20950.0 | 2022-10-05 00:00:00 UTC | AAT or O: Which Is the Better Value Stock Right Now? | AAT | https://www.nasdaq.com/articles/aat-or-o%3A-which-is-the-better-value-stock-right-now | nan | nan | Investors looking for stocks in the REIT and Equity Trust - Retail sector might want to consider either American Assets Trust (AAT) or Realty Income Corp. (O). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Both American Assets Trust and Realty Income Corp. have a Zacks Rank of # 2 (Buy) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that these stocks have improving earnings outlooks. But this is just one piece of the puzzle for value investors.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
AAT currently has a forward P/E ratio of 11.61, while O has a forward P/E of 15.39. We also note that AAT has a PEG ratio of 1.45. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. O currently has a PEG ratio of 3.89.
Another notable valuation metric for AAT is its P/B ratio of 1.32. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, O has a P/B of 1.37.
These metrics, and several others, help AAT earn a Value grade of B, while O has been given a Value grade of D.
Both AAT and O are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that AAT is the superior value option right now.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors looking for stocks in the REIT and Equity Trust - Retail sector might want to consider either American Assets Trust (AAT) or Realty Income Corp. (O). AAT currently has a forward P/E ratio of 11.61, while O has a forward P/E of 15.39. We also note that AAT has a PEG ratio of 1.45. | Investors looking for stocks in the REIT and Equity Trust - Retail sector might want to consider either American Assets Trust (AAT) or Realty Income Corp. (O). American Assets Trust, Inc. (AAT): Free Stock Analysis Report AAT currently has a forward P/E ratio of 11.61, while O has a forward P/E of 15.39. | Investors looking for stocks in the REIT and Equity Trust - Retail sector might want to consider either American Assets Trust (AAT) or Realty Income Corp. (O). These metrics, and several others, help AAT earn a Value grade of B, while O has been given a Value grade of D. Both AAT and O are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that AAT is the superior value option right now. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Another notable valuation metric for AAT is its P/B ratio of 1.32. Investors looking for stocks in the REIT and Equity Trust - Retail sector might want to consider either American Assets Trust (AAT) or Realty Income Corp. (O). AAT currently has a forward P/E ratio of 11.61, while O has a forward P/E of 15.39. |
20951.0 | 2022-10-03 00:00:00 UTC | AAT Dividend Yield Pushes Above 5% | AAT | https://www.nasdaq.com/articles/aat-dividend-yield-pushes-above-5 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.28), with the stock changing hands as low as $25.53 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 5% would appear considerably attractive if that yield is sustainable. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.28), with the stock changing hands as low as $25.53 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.28), with the stock changing hands as low as $25.53 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.28), with the stock changing hands as low as $25.53 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.28), with the stock changing hands as low as $25.53 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield. |
20952.0 | 2022-09-30 00:00:00 UTC | Why American Assets Trust (AAT) is a Top Dividend Stock for Your Portfolio | AAT | https://www.nasdaq.com/articles/why-american-assets-trust-aat-is-a-top-dividend-stock-for-your-portfolio-0 | nan | nan | Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
American Assets Trust in Focus
American Assets Trust (AAT) is headquartered in San Diego, and is in the Finance sector. The stock has seen a price change of -32.91% since the start of the year. Currently paying a dividend of $0.32 per share, the company has a dividend yield of 5.08%. In comparison, the REIT and Equity Trust - Retail industry's yield is 4.79%, while the S&P 500's yield is 1.85%.
Taking a look at the company's dividend growth, its current annualized dividend of $1.28 is up 10.3% from last year. American Assets Trust has increased its dividend 4 times on a year-over-year basis over the last 5 years for an average annual increase of 2.38%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American Assets Trust's current payout ratio is 57%, meaning it paid out 57% of its trailing 12-month EPS as dividend.
AAT is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2022 is $2.26 per share, with earnings expected to increase 13% from the year ago period.
Bottom Line
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, AAT is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust in Focus American Assets Trust (AAT) is headquartered in San Diego, and is in the Finance sector. AAT is expecting earnings to expand this fiscal year as well. With that in mind, AAT is a compelling investment opportunity. | American Assets Trust in Focus American Assets Trust (AAT) is headquartered in San Diego, and is in the Finance sector. American Assets Trust, Inc. (AAT): Free Stock Analysis Report AAT is expecting earnings to expand this fiscal year as well. | American Assets Trust in Focus American Assets Trust (AAT) is headquartered in San Diego, and is in the Finance sector. AAT is expecting earnings to expand this fiscal year as well. With that in mind, AAT is a compelling investment opportunity. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust in Focus American Assets Trust (AAT) is headquartered in San Diego, and is in the Finance sector. AAT is expecting earnings to expand this fiscal year as well. |
20953.0 | 2022-09-19 00:00:00 UTC | How to Maximize Your Retirement Portfolio with These Top-Ranked Dividend Stocks | AAT | https://www.nasdaq.com/articles/how-to-maximize-your-retirement-portfolio-with-these-top-ranked-dividend-stocks-13 | nan | nan | Here's an eye-opening statistic: older Americans are more afraid of running out of money than of death itself.
And unfortunately, even retirees who have built a nest egg have good reason to be concerned - with the traditional approaches to retirement planning, income may no longer cover expenses. That means retirees are dipping into principal to make ends meet, setting up a race against time between dwindling investment balances and longer lifespans.
Your parents' retirement investing plan won't cut it today.
For example, 10-year Treasury bonds in the late 1990s offered a yield of around 6.50%, which translated to an income source you could count on. However, today's yield is much lower and probably not a viable return option to fund typical retirements.
That means if you had $1 million in 10-year Treasuries, the difference in yield between 1999 and today is more than $1 million.
In addition to the considerable drop in bond yields, today's retirees are nervous about their future Social Security benefits. Because of certain demographic factors, it's been estimated that the funds that pay the Social Security benefits will run out of money in 2035.
So what's a retiree to do? You could cut your expenses to the bone, and take the risk that your Social Security checks don't shrink. Or you could find an alternative investment that provides a steady, higher-rate income stream to replace dwindling bond yields.
Invest in Dividend Stocks
As a replacement for low yielding Treasury bonds (and other bond options), we believe dividend-paying stocks from high quality companies offer low risk and stable, predictable income investors in retirement seek.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.67%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.34% and the S&P 500's yield of 1.72%. The company's annualized dividend growth in the past year was 14.29%. Check American Assets Trust (AAT) dividend history here>>>
Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.36 per share at the moment, with a dividend yield of 3.55% compared to the REIT and Equity Trust - Other industry's yield of 3.99% and the S&P 500's yield. The annualized dividend growth of the company was 5.88% over the past year. Check Brookfield Infrastructure Partners (BIP) dividend history here>>>
Currently paying a dividend of $0.24 per share, Brixmor Property (BRX) has a dividend yield of 4.51%. This is compared to the REIT and Equity Trust - Retail industry's yield of 4.34% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 11.63%. Check Brixmor Property (BRX) dividend history here>>>
But aren't stocks generally more risky than bonds?
It is true that stocks, as an asset class, carry more risk than bonds, but high-quality dividend stocks not only have the ability to produce income growth over time but more importantly, can also reduce your overall portfolio volatility relative to the broader stock market.
Combating the impact of inflation is one advantage of owning these dividend-paying stocks. Here's why: many of these stable, high-quality companies increase their dividends over time, which translates to rising dividend income that offsets the effects of inflation.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you're thinking, "I want to invest in a dividend-focused ETF or mutual fund," make sure to do your homework. It's important to know that some mutual funds and specialized ETFs charge high fees, which may diminish your dividend gains or income and thwart the overall objective of this investment strategy. If you do want to invest in fund, research well to identify the best-quality dividend funds with the least charges.
Bottom Line
Regardless of whether you select high-quality, low-fee funds or stocks, looking for a steady stream of income from dividend-paying equities can potentially lead you to a solid and more peaceful retirement.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.67%. Check American Assets Trust (AAT) dividend history here>>> Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.36 per share at the moment, with a dividend yield of 3.55% compared to the REIT and Equity Trust - Other industry's yield of 3.99% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.36 per share at the moment, with a dividend yield of 3.55% compared to the REIT and Equity Trust - Other industry's yield of 3.99% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.67%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.36 per share at the moment, with a dividend yield of 3.55% compared to the REIT and Equity Trust - Other industry's yield of 3.99% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.67%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.67%. Check American Assets Trust (AAT) dividend history here>>> Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.36 per share at the moment, with a dividend yield of 3.55% compared to the REIT and Equity Trust - Other industry's yield of 3.99% and the S&P 500's yield. |
20954.0 | 2022-09-14 00:00:00 UTC | American Assets Trust (AAT) is a Top Dividend Stock Right Now: Should You Buy? | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-is-a-top-dividend-stock-right-now%3A-should-you-buy-0 | nan | nan | Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
American Assets Trust in Focus
Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -27.07%. Currently paying a dividend of $0.32 per share, the company has a dividend yield of 4.68%. In comparison, the REIT and Equity Trust - Retail industry's yield is 4.24%, while the S&P 500's yield is 1.65%.
Looking at dividend growth, the company's current annualized dividend of $1.28 is up 10.3% from last year. American Assets Trust has increased its dividend 4 times on a year-over-year basis over the last 5 years for an average annual increase of 2.38%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American Assets Trust's current payout ratio is 57%, meaning it paid out 57% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, AAT expects solid earnings growth. The Zacks Consensus Estimate for 2022 is $2.24 per share, with earnings expected to increase 12% from the year ago period.
Bottom Line
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. But, not every company offers a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, AAT is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -27.07%. Looking at this fiscal year, AAT expects solid earnings growth. With that in mind, AAT is a compelling investment opportunity. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -27.07%. Looking at this fiscal year, AAT expects solid earnings growth. | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -27.07%. Looking at this fiscal year, AAT expects solid earnings growth. With that in mind, AAT is a compelling investment opportunity. | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -27.07%. Looking at this fiscal year, AAT expects solid earnings growth. With that in mind, AAT is a compelling investment opportunity. |
20955.0 | 2022-09-12 00:00:00 UTC | 3 Top Dividend Stocks to Maximize Your Retirement Income | AAT | https://www.nasdaq.com/articles/3-top-dividend-stocks-to-maximize-your-retirement-income-2 | nan | nan | Strange but true: seniors fear death less than running out of money in retirement.
And retirees have good reason to be worried about making their assets last. People are living longer, so that money has to cover a longer period. Making matters worse, income generated using tried-and-true retirement planning approaches may not cover expenses these days. That means seniors must dip into principal to meet living expenses.
In today's economic environment, traditional income investments are not working.
Years ago, investors at or close to retirement could put money into fixed-income assets and depend on appealing yields to generate consistent, solid pay streams to fund a comfortable retirement. 10-year Treasury bond rates in the late 1990s floated around 6.50%, but unfortunately, those days of being able to exclusively rely on Treasury yields to fund retirement income are over.
The effect of this drop in rates is substantial: over 20 years, the change in yield for a $1 million investment in 10-year Treasuries is over $1 million.
Today's retirees are getting hit hard by reduced bond yields - and the Social Security picture isn't too rosy either. Right now and for the near future, Social Security benefits are still being paid, but it has been estimated that the Social Security funds will be depleted as soon as 2035.
Unfortunately, it looks like the two traditional sources of retirement income - bonds and Social Security - may not be able to adequately meet the needs of present and future retirees. But what if there was another option that could provide a steady, reliable source of income in retirement?
Invest in Dividend Stocks
As a replacement for low yielding Treasury bonds (and other bond options), we believe dividend-paying stocks from high quality companies offer low risk and stable, predictable income investors in retirement seek.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
One approach to recognizing appropriate stocks is to look for companies with an average dividend yield of 3% and positive average annual dividend growth. Numerous stocks hike dividends over time, counterbalancing inflation risks.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.56%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.17% and the S&P 500's yield of 1.64%. The company's annualized dividend growth in the past year was 14.29%. Check American Assets Trust (AAT) dividend history here>>>
Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.36 per share at the moment, with a dividend yield of 3.41% compared to the REIT and Equity Trust - Other industry's yield of 3.79% and the S&P 500's yield. The annualized dividend growth of the company was 5.88% over the past year. Check Brookfield Infrastructure Partners (BIP) dividend history here>>>
Currently paying a dividend of $0.57 per share, Canadian Natural Resources (CNQ) has a dividend yield of 4.3%. This is compared to the Oil and Gas - Exploration and Production - Canadian industry's yield of 0% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 52.26%. Check Canadian Natural Resources (CNQ) dividend history here>>>
But aren't stocks generally more risky than bonds?
The fact is that stocks, as an asset class, carry more risk than bonds. To counterbalance this, invest in superior quality dividend stocks that not only can grow over time but more significantly, can also decrease your overall portfolio volatility with respect to the broader stock market.
A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you prefer investing in funds or ETFs compared to individual stocks, you can still pursue a dividend income strategy. However, it's important to know the fees charged by each fund or ETF, which can ultimately reduce your dividend income, working against your strategy. Do your homework and make sure you know the fees charged by any fund before you invest.
Bottom Line
Whether you select high-quality, low-fee funds or stocks, seeking the steady income of dividend-paying equities can potentially offer you a path to a better and more stress-free retirement.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.56%. Check American Assets Trust (AAT) dividend history here>>> Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.36 per share at the moment, with a dividend yield of 3.41% compared to the REIT and Equity Trust - Other industry's yield of 3.79% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.36 per share at the moment, with a dividend yield of 3.41% compared to the REIT and Equity Trust - Other industry's yield of 3.79% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.56%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.36 per share at the moment, with a dividend yield of 3.41% compared to the REIT and Equity Trust - Other industry's yield of 3.79% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.56%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.56%. Check American Assets Trust (AAT) dividend history here>>> Brookfield Infrastructure Partners (BIP) is paying out a dividend of $0.36 per share at the moment, with a dividend yield of 3.41% compared to the REIT and Equity Trust - Other industry's yield of 3.79% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report |
20956.0 | 2022-09-06 00:00:00 UTC | Ex-Dividend Reminder: First American Financial, American Assets Trust and Northern Trust | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-first-american-financial-american-assets-trust-and-northern-trust | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 9/7/22, First American Financial Corp (Symbol: FAF), American Assets Trust Inc (Symbol: AAT), and Northern Trust Corp (Symbol: NTRS) will all trade ex-dividend for their respective upcoming dividends. First American Financial Corp will pay its quarterly dividend of $0.52 on 9/15/22, American Assets Trust Inc will pay its quarterly dividend of $0.32 on 9/22/22, and Northern Trust Corp will pay its quarterly dividend of $0.75 on 10/1/22. As a percentage of FAF's recent stock price of $53.25, this dividend works out to approximately 0.98%, so look for shares of First American Financial Corp to trade 0.98% lower — all else being equal — when FAF shares open for trading on 9/7/22. Similarly, investors should look for AAT to open 1.16% lower in price and for NTRS to open 0.80% lower, all else being equal.
Below are dividend history charts for FAF, AAT, and NTRS, showing historical dividends prior to the most recent ones declared.
First American Financial Corp (Symbol: FAF):
American Assets Trust Inc (Symbol: AAT):
Northern Trust Corp (Symbol: NTRS):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.91% for First American Financial Corp, 4.65% for American Assets Trust Inc, and 3.19% for Northern Trust Corp.
In Tuesday trading, First American Financial Corp shares are currently up about 0.1%, American Assets Trust Inc shares are up about 0.4%, and Northern Trust Corp shares are up about 0.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 9/7/22, First American Financial Corp (Symbol: FAF), American Assets Trust Inc (Symbol: AAT), and Northern Trust Corp (Symbol: NTRS) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 1.16% lower in price and for NTRS to open 0.80% lower, all else being equal. Below are dividend history charts for FAF, AAT, and NTRS, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 9/7/22, First American Financial Corp (Symbol: FAF), American Assets Trust Inc (Symbol: AAT), and Northern Trust Corp (Symbol: NTRS) will all trade ex-dividend for their respective upcoming dividends. First American Financial Corp (Symbol: FAF): American Assets Trust Inc (Symbol: AAT): Northern Trust Corp (Symbol: NTRS): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 1.16% lower in price and for NTRS to open 0.80% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 9/7/22, First American Financial Corp (Symbol: FAF), American Assets Trust Inc (Symbol: AAT), and Northern Trust Corp (Symbol: NTRS) will all trade ex-dividend for their respective upcoming dividends. First American Financial Corp (Symbol: FAF): American Assets Trust Inc (Symbol: AAT): Northern Trust Corp (Symbol: NTRS): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 1.16% lower in price and for NTRS to open 0.80% lower, all else being equal. | First American Financial Corp (Symbol: FAF): American Assets Trust Inc (Symbol: AAT): Northern Trust Corp (Symbol: NTRS): In general, dividends are not always predictable, following the ups and downs of company profits over time. Looking at the universe of stocks we cover at Dividend Channel, on 9/7/22, First American Financial Corp (Symbol: FAF), American Assets Trust Inc (Symbol: AAT), and Northern Trust Corp (Symbol: NTRS) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 1.16% lower in price and for NTRS to open 0.80% lower, all else being equal. |
20957.0 | 2022-09-05 00:00:00 UTC | How to Maximize Your Retirement Portfolio with These Top-Ranked Dividend Stocks | AAT | https://www.nasdaq.com/articles/how-to-maximize-your-retirement-portfolio-with-these-top-ranked-dividend-stocks | nan | nan | Here's an eye-opening statistic: older Americans are more afraid of running out of money than of death itself.
And unfortunately, even retirees who have built a nest egg have good reason to be concerned - with the traditional approaches to retirement planning, income may no longer cover expenses. That means retirees are dipping into principal to make ends meet, setting up a race against time between dwindling investment balances and longer lifespans.
In today's economic environment, traditional income investments are not working.
For example, 10-year Treasury bonds in the late 1990s offered a yield of around 6.50%, which translated to an income source you could count on. However, today's yield is much lower and probably not a viable return option to fund typical retirements.
The impact of this rate decline is sizable: over 20 years, the difference in yield for a $1 million investment in 10-year Treasuries is more than $1 million.
Today's retirees are getting hit hard by reduced bond yields - and the Social Security picture isn't too rosy either. Right now and for the near future, Social Security benefits are still being paid, but it has been estimated that the Social Security funds will be depleted as soon as 2035.
Unfortunately, it looks like the two traditional sources of retirement income - bonds and Social Security - may not be able to adequately meet the needs of present and future retirees. But what if there was another option that could provide a steady, reliable source of income in retirement?
Invest in Dividend Stocks
As a replacement for low yielding Treasury bonds (and other bond options), we believe dividend-paying stocks from high quality companies offer low risk and stable, predictable income investors in retirement seek.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.67%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.32% and the S&P 500's yield of 1.69%. The company's annualized dividend growth in the past year was 14.29%. Check American Assets Trust (AAT) dividend history here>>>
Amer Movil (AMX) is paying out a dividend of $0.44 per share at the moment, with a dividend yield of 3.63% compared to the Wireless Non-US industry's yield of 1.23% and the S&P 500's yield. The annualized dividend growth of the company was 110.22% over the past year. Check Amer Movil (AMX) dividend history here>>>
Currently paying a dividend of $1.18 per share, Alexandria Real Estate Equities (ARE) has a dividend yield of 3.14%. This is compared to the REIT and Equity Trust - Other industry's yield of 4.04% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 5.36%. Check Alexandria Real Estate Equities (ARE) dividend history here>>>
But aren't stocks generally more risky than bonds?
It is true that stocks, as an asset class, carry more risk than bonds, but high-quality dividend stocks not only have the ability to produce income growth over time but more importantly, can also reduce your overall portfolio volatility relative to the broader stock market.
An advantage of owning dividend stocks for your retirement nest egg is that numerous companies, particularly blue chip stocks, raise their dividends over time, helping alleviate the impact of inflation on your potential retirement income.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you're thinking, "I want to invest in a dividend-focused ETF or mutual fund," make sure to do your homework. It's important to know that some mutual funds and specialized ETFs charge high fees, which may diminish your dividend gains or income and thwart the overall objective of this investment strategy. If you do want to invest in fund, research well to identify the best-quality dividend funds with the least charges.
Bottom Line
Pursuing a dividend investing strategy can help protect your retirement portfolio. Whether you choose to invest in stocks or through low-fee mutual funds or ETFs, this approach can potentially help you achieve a more secure and enjoyable retirement.
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.67%. Check American Assets Trust (AAT) dividend history here>>> Amer Movil (AMX) is paying out a dividend of $0.44 per share at the moment, with a dividend yield of 3.63% compared to the Wireless Non-US industry's yield of 1.23% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Amer Movil (AMX) is paying out a dividend of $0.44 per share at the moment, with a dividend yield of 3.63% compared to the Wireless Non-US industry's yield of 1.23% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.67%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | Check American Assets Trust (AAT) dividend history here>>> Amer Movil (AMX) is paying out a dividend of $0.44 per share at the moment, with a dividend yield of 3.63% compared to the Wireless Non-US industry's yield of 1.23% and the S&P 500's yield. American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.67%. American Assets Trust, Inc. (AAT): Free Stock Analysis Report | American Assets Trust (AAT) is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.67%. Check American Assets Trust (AAT) dividend history here>>> Amer Movil (AMX) is paying out a dividend of $0.44 per share at the moment, with a dividend yield of 3.63% compared to the Wireless Non-US industry's yield of 1.23% and the S&P 500's yield. American Assets Trust, Inc. (AAT): Free Stock Analysis Report |
20958.0 | 2022-09-01 00:00:00 UTC | American Assets Trust Becomes Oversold | AAT | https://www.nasdaq.com/articles/american-assets-trust-becomes-oversold | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. American Assets Trust Inc (Symbol: AAT) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $27.14 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of American Assets Trust Inc, the RSI reading has hit 28.2 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.2. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, AAT's recent annualized dividend of 1.28/share (currently paid in quarterly installments) works out to an annual yield of 4.61% based upon the recent $27.76 share price.
A bullish investor could look at AAT's 28.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAT is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at AAT's 28.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. American Assets Trust Inc (Symbol: AAT) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $27.14 per share. | Indeed, AAT's recent annualized dividend of 1.28/share (currently paid in quarterly installments) works out to an annual yield of 4.61% based upon the recent $27.76 share price. American Assets Trust Inc (Symbol: AAT) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $27.14 per share. | Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAT is its dividend history. American Assets Trust Inc (Symbol: AAT) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $27.14 per share. | But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AAT entered into oversold territory, changing hands as low as $27.14 per share. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAT is its dividend history. American Assets Trust Inc (Symbol: AAT) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. |
20959.0 | 2022-08-29 00:00:00 UTC | This is Why American Assets Trust (AAT) is a Great Dividend Stock | AAT | https://www.nasdaq.com/articles/this-is-why-american-assets-trust-aat-is-a-great-dividend-stock-0 | nan | nan | Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
American Assets Trust in Focus
American Assets Trust (AAT) is headquartered in San Diego, and is in the Finance sector. The stock has seen a price change of -23.98% since the start of the year. Currently paying a dividend of $0.32 per share, the company has a dividend yield of 4.49%. In comparison, the REIT and Equity Trust - Retail industry's yield is 4.04%, while the S&P 500's yield is 1.64%.
Looking at dividend growth, the company's current annualized dividend of $1.28 is up 10.3% from last year. American Assets Trust has increased its dividend 4 times on a year-over-year basis over the last 5 years for an average annual increase of 2.38%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American Assets Trust's current payout ratio is 57%. This means it paid out 57% of its trailing 12-month EPS as dividend.
AAT is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2022 is $2.22 per share, representing a year-over-year earnings growth rate of 11%.
Bottom Line
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, AAT is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust in Focus American Assets Trust (AAT) is headquartered in San Diego, and is in the Finance sector. AAT is expecting earnings to expand this fiscal year as well. With that in mind, AAT is a compelling investment opportunity. | American Assets Trust in Focus American Assets Trust (AAT) is headquartered in San Diego, and is in the Finance sector. American Assets Trust, Inc. (AAT): Free Stock Analysis Report AAT is expecting earnings to expand this fiscal year as well. | American Assets Trust in Focus American Assets Trust (AAT) is headquartered in San Diego, and is in the Finance sector. AAT is expecting earnings to expand this fiscal year as well. With that in mind, AAT is a compelling investment opportunity. | American Assets Trust in Focus American Assets Trust (AAT) is headquartered in San Diego, and is in the Finance sector. AAT is expecting earnings to expand this fiscal year as well. With that in mind, AAT is a compelling investment opportunity. |
20960.0 | 2022-08-20 00:00:00 UTC | Ernest Rady Is The Chairman & CEO of American Assets Trust, Inc. (NYSE:AAT) And Just Spent US$1.7m On Shares | AAT | https://www.nasdaq.com/articles/ernest-rady-is-the-chairman-ceo-of-american-assets-trust-inc.-nyse%3Aaat-and-just-spent-us-0 | nan | nan | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$1.7m worth of stock, at a price of US$30.31. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.7%.
American Assets Trust Insider Transactions Over The Last Year
Notably, that recent purchase by Ernest Rady is the biggest insider purchase of American Assets Trust shares that we've seen in the last year. That means that even when the share price was higher than US$29.69 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Ernest Rady was the only individual insider to buy shares in the last twelve months.
Ernest Rady purchased 352.66k shares over the year. The average price per share was US$33.81. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:AAT Insider Trading Volume August 20th 2022
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that American Assets Trust insiders own 11% of the company, worth about US$249m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The American Assets Trust Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about American Assets Trust. Looks promising! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 2 warning signs for American Assets Trust (1 is a bit concerning!) that we believe deserve your full attention.
Of course American Assets Trust may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$1.7m worth of stock, at a price of US$30.31. NYSE:AAT Insider Trading Volume August 20th 2022 There are plenty of other companies that have insiders buying up shares. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.7%. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$1.7m worth of stock, at a price of US$30.31. NYSE:AAT Insider Trading Volume August 20th 2022 There are plenty of other companies that have insiders buying up shares. American Assets Trust Insider Transactions Over The Last Year Notably, that recent purchase by Ernest Rady is the biggest insider purchase of American Assets Trust shares that we've seen in the last year. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$1.7m worth of stock, at a price of US$30.31. NYSE:AAT Insider Trading Volume August 20th 2022 There are plenty of other companies that have insiders buying up shares. American Assets Trust Insider Transactions Over The Last Year Notably, that recent purchase by Ernest Rady is the biggest insider purchase of American Assets Trust shares that we've seen in the last year. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$1.7m worth of stock, at a price of US$30.31. NYSE:AAT Insider Trading Volume August 20th 2022 There are plenty of other companies that have insiders buying up shares. So What Do The American Assets Trust Insider Transactions Indicate? |
20961.0 | 2022-08-12 00:00:00 UTC | American Assets Trust (AAT) Could Be a Great Choice | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-could-be-a-great-choice | nan | nan | Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
American Assets Trust in Focus
Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -19.58%. The real estate investment trust is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.24%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.16% and the S&P 500's yield of 1.6%.
Taking a look at the company's dividend growth, its current annualized dividend of $1.28 is up 10.3% from last year. Over the last 5 years, American Assets Trust has increased its dividend 4 times on a year-over-year basis for an average annual increase of 2.38%. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend. American Assets Trust's current payout ratio is 57%. This means it paid out 57% of its trailing 12-month EPS as dividend.
AAT is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2022 is $2.20 per share, representing a year-over-year earnings growth rate of 10%.
Bottom Line
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, AAT is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold).
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -19.58%. AAT is expecting earnings to expand this fiscal year as well. With that in mind, AAT is a compelling investment opportunity. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -19.58%. AAT is expecting earnings to expand this fiscal year as well. | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -19.58%. AAT is expecting earnings to expand this fiscal year as well. With that in mind, AAT is a compelling investment opportunity. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -19.58%. AAT is expecting earnings to expand this fiscal year as well. |
20962.0 | 2022-08-05 00:00:00 UTC | Based On Its ROE, Is American Assets Trust, Inc. (NYSE:AAT) A High Quality Stock? | AAT | https://www.nasdaq.com/articles/based-on-its-roe-is-american-assets-trust-inc.-nyse%3Aaat-a-high-quality-stock | nan | nan | Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). We'll use ROE to examine American Assets Trust, Inc. (NYSE:AAT), by way of a worked example.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
How To Calculate Return On Equity?
The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for American Assets Trust is:
4.2% = US$50m ÷ US$1.2b (Based on the trailing twelve months to June 2022).
The 'return' refers to a company's earnings over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.04.
Does American Assets Trust Have A Good Return On Equity?
Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. As shown in the graphic below, American Assets Trust has a lower ROE than the average (6.5%) in the REITs industry classification.
NYSE:AAT Return on Equity August 5th 2022
Unfortunately, that's sub-optimal. Although, we think that a lower ROE could still mean that a company has the opportunity to better its returns with the use of leverage, provided its existing debt levels are low. A high debt company having a low ROE is a different story altogether and a risky investment in our books. Our risks dashboard should have the 2 risks we have identified for American Assets Trust.
How Does Debt Impact ROE?
Most companies need money -- from somewhere -- to grow their profits. That cash can come from issuing shares, retained earnings, or debt. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the use of debt will improve the returns, but will not change the equity. That will make the ROE look better than if no debt was used.
American Assets Trust's Debt And Its 4.2% ROE
American Assets Trust clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 1.37. Its ROE is quite low, even with the use of significant debt; that's not a good result, in our opinion. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time.
Summary
Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. Companies that can achieve high returns on equity without too much debt are generally of good quality. All else being equal, a higher ROE is better.
But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So you might want to take a peek at this data-rich interactive graph of forecasts for the company.
But note: American Assets Trust may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We'll use ROE to examine American Assets Trust, Inc. (NYSE:AAT), by way of a worked example. NYSE:AAT Return on Equity August 5th 2022 Unfortunately, that's sub-optimal. Although, we think that a lower ROE could still mean that a company has the opportunity to better its returns with the use of leverage, provided its existing debt levels are low. | We'll use ROE to examine American Assets Trust, Inc. (NYSE:AAT), by way of a worked example. NYSE:AAT Return on Equity August 5th 2022 Unfortunately, that's sub-optimal. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for American Assets Trust is: 4.2% = US$50m ÷ US$1.2b (Based on the trailing twelve months to June 2022). | We'll use ROE to examine American Assets Trust, Inc. (NYSE:AAT), by way of a worked example. NYSE:AAT Return on Equity August 5th 2022 Unfortunately, that's sub-optimal. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. | We'll use ROE to examine American Assets Trust, Inc. (NYSE:AAT), by way of a worked example. NYSE:AAT Return on Equity August 5th 2022 Unfortunately, that's sub-optimal. This article is for those who would like to learn about Return On Equity (ROE). |
20963.0 | 2022-07-27 00:00:00 UTC | Are You Looking for a High-Growth Dividend Stock? | AAT | https://www.nasdaq.com/articles/are-you-looking-for-a-high-growth-dividend-stock-48 | nan | nan | Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
American Assets Trust in Focus
Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -20.86%. The real estate investment trust is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.31%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.24% and the S&P 500's yield of 1.69%.
Taking a look at the company's dividend growth, its current annualized dividend of $1.28 is up 10.3% from last year. In the past five-year period, American Assets Trust has increased its dividend 4 times on a year-over-year basis for an average annual increase of 2.38%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American Assets Trust's current payout ratio is 58%, meaning it paid out 58% of its trailing 12-month EPS as dividend.
AAT is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2022 is $2.20 per share, which represents a year-over-year growth rate of 10%.
Bottom Line
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -20.86%. AAT is expecting earnings to expand this fiscal year as well. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -20.86%. AAT is expecting earnings to expand this fiscal year as well. | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -20.86%. AAT is expecting earnings to expand this fiscal year as well. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -20.86%. AAT is expecting earnings to expand this fiscal year as well. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). |
20964.0 | 2022-07-26 00:00:00 UTC | American Assets Trust (AAT) Beats Q2 FFO and Revenue Estimates | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-beats-q2-ffo-and-revenue-estimates | nan | nan | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to FFO of $0.51 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 7.41%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.52 per share when it actually produced FFO of $0.57, delivering a surprise of 9.62%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $104.16 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 4.84%. This compares to year-ago revenues of $91.81 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
American Assets Trust shares have lost about 20.2% since the beginning of the year versus the S&P 500's decline of -16.8%.
What's Next for American Assets Trust?
While American Assets Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Assets Trust: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.56 on $100.38 million in revenues for the coming quarter and $2.20 on $399.92 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Retail is currently in the top 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, New York City REIT, Inc. (NYC), is yet to report results for the quarter ended June 2022. The results are expected to be released on August 12.
This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +60%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
New York City REIT, Inc.'s revenues are expected to be $16 million, up 6.8% from the year-ago quarter.
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
New York City REIT, Inc. (NYC): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. American Assets Trust, Inc. (AAT): Free Stock Analysis Report The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $104.16 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 4.84%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $104.16 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 4.84%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. American Assets Trust, Inc. (AAT): Free Stock Analysis Report While American Assets Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? |
20965.0 | 2022-07-14 00:00:00 UTC | Here's Why You Should Retain SITE Centers (SITC) Stock Now | AAT | https://www.nasdaq.com/articles/heres-why-you-should-retain-site-centers-sitc-stock-now | nan | nan | SITE Centers’ SITC well-located portfolio concentrated in suburban and high household income regions, focus on tenants with necessity-based businesses and an aggressive capital-recycling program are likely to aid its near-term performance.
SITE Centers’ 88% of the tenants being national based on annualized base rent (ABR), ensures a stable flow of rental revenues over the long term. Also, the company’s top 64 public tenants represent 52% of the base rent.
Further, the majority of SITC’s tenants at its shopping centers are essential to retail businesses that serve the day-to-day consumer needs. Of the 92 wholly-owned shopping centers, 68% were either anchored by a grocer or a high-quality discounter. This helps the company to generate steady revenues during uncertain times.
To enhance its portfolio, SITE Centers has adopted an aggressive capital-recycling program through which it disposes of slow-growth assets and redeploys the proceeds to acquire premium U.S. shopping centers. During first-quarter 2022, it acquired one shopping center in Arizona for $14.5 million and two in Florida for $125.6 million. Moreover, in April, it acquired Shoppes of Crabapple (Alpharetta, GA) for $4.4 million. In the same month, SITC completed the previously announced disposition of its 20% interest in the SAU Joint Venture to its partner, the State of Utah, for $155.7 million. Such match-funding initiatives reflect the company’s prudent capital-management practices.
Further, SITE Centers has ample liquidity and focuses on further strengthening its balance-sheet position. As of Mar 31, 2022, it had $872 million of liquidity, with $17.2 million consolidated cash in hand and $855 million of availability on the company’s lines of credit. In June, it refinanced its $950 million unsecured revolving credit facility and extended the maturity for the same. It also enjoys a large pool of unencumbered assets and investment-grade credit ratings that provides it easy access to the secured and unsecured debt markets and helps maintain availability on the line.
Analysts seem bullish on this Zacks Rank #3 (Hold) stock. The estimate revisions trend for 2022 funds from operations (FFO) per share indicates a favorable outlook for the company, as the same has moved marginally northward over the past two months to $1.14.
However, over recent years, the adoption of e-commerce by consumers has lowered the demand for the retail real estate space resulting in retailers opting for store closures. Further, the social-distancing measures forced the reluctant ones, who once favored in-store purchases, to choose online retailing to avoid physical contact. With widespread vaccination drives and relaxations being implemented, the mall traffic is witnessing a rebound. However, the recovery may be sluggish as concerns regarding the emergence of new variants of coronavirus linger.
SITE Centers also faces stiff competition from several real estate companies and developers, limiting its ability to raise rental rates, including renewal rates and filling vacancies.
Also, a hike in interest rate will raise borrowing costs for SITC and could affect its ability to purchase or develop real estate. Its total consolidated debt as of Mar 31, 2022, was approximately $1.8 billion. The dividend payout might become less attractive than the yields on fixed income and money market accounts.
Shares of SITC have depreciated 19.4% in the past three months compared with the industry’s decline of 14.5%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the REIT sector are Kite Realty Group Trust KRG, EPR Properties EPR and American Assets Trust AAT, each carrying a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Kite Realty Group Trust’ 2022 FFO per share has moved 2.8% upward in the past two months to $1.80.
The Zacks Consensus Estimate for EPR Properties’ 2022 FFO per share has moved approximately 1% upward in the past week to $4.63.
The Zacks Consensus Estimate for American Assets Trust’s ongoing year’s FFO per share has been raised 1.8% over the past two months to $2.20.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
Kite Realty Group Trust (KRG): Free Stock Analysis Report
EPR Properties (EPR): Free Stock Analysis Report
SITE CENTERS CORP. (SITC): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the REIT sector are Kite Realty Group Trust KRG, EPR Properties EPR and American Assets Trust AAT, each carrying a Zacks Rank of 2 (Buy). American Assets Trust, Inc. (AAT): Free Stock Analysis Report SITE Centers’ SITC well-located portfolio concentrated in suburban and high household income regions, focus on tenants with necessity-based businesses and an aggressive capital-recycling program are likely to aid its near-term performance. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the REIT sector are Kite Realty Group Trust KRG, EPR Properties EPR and American Assets Trust AAT, each carrying a Zacks Rank of 2 (Buy). American Assets Trust, Inc. (AAT): Free Stock Analysis Report The Zacks Consensus Estimate for Kite Realty Group Trust’ 2022 FFO per share has moved 2.8% upward in the past two months to $1.80. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the REIT sector are Kite Realty Group Trust KRG, EPR Properties EPR and American Assets Trust AAT, each carrying a Zacks Rank of 2 (Buy). American Assets Trust, Inc. (AAT): Free Stock Analysis Report The Zacks Consensus Estimate for American Assets Trust’s ongoing year’s FFO per share has been raised 1.8% over the past two months to $2.20. | Image Source: Zacks Investment Research Stocks to Consider Some better-ranked stocks in the REIT sector are Kite Realty Group Trust KRG, EPR Properties EPR and American Assets Trust AAT, each carrying a Zacks Rank of 2 (Buy). American Assets Trust, Inc. (AAT): Free Stock Analysis Report As of Mar 31, 2022, it had $872 million of liquidity, with $17.2 million consolidated cash in hand and $855 million of availability on the company’s lines of credit. |
20966.0 | 2022-07-12 00:00:00 UTC | Top Buys by Directors: Rady's $9.9M Bet on AAT | AAT | https://www.nasdaq.com/articles/top-buys-by-directors%3A-radys-%249.9m-bet-on-aat | nan | nan | The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $9.9M invested across 19 purchases by Ernest S. Rady, CEO at American Assets Trust Inc (Symbol: AAT).
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
02/15/2022 Ernest S. Rady Chairman & CEO 20,000 $35.18 $703,600.00
02/18/2022 Ernest S. Rady Chairman & CEO 13,104 $36.91 $483,709.92
02/24/2022 Ernest S. Rady Chairman & CEO 13,471 $35.73 $481,337.90
02/25/2022 Ernest S. Rady Chairman & CEO 918 $36.37 $33,387.66
03/02/2022 Ernest S. Rady Chairman & CEO 19,123 $36.48 $697,676.01
03/09/2022 Ernest S. Rady Chairman & CEO 14,800 $36.77 $544,236.00
03/11/2022 Ernest S. Rady Chairman & CEO 13,000 $36.47 $474,080.00
03/15/2022 Ernest S. Rady Chairman & CEO 17,238 $35.99 $620,323.24
05/03/2022 Ernest S. Rady Chairman & CEO 9,614 $35.37 $340,047.18
05/06/2022 Ernest S. Rady Chairman & CEO 27,580 $34.84 $960,953.00
05/11/2022 Ernest S. Rady Chairman & CEO 20,000 $32.95 $659,100.00
05/13/2022 Ernest S. Rady Chairman & CEO 20,000 $32.24 $644,900.00
05/18/2022 Ernest S. Rady Chairman & CEO 20,000 $32.85 $657,000.00
05/19/2022 Ernest S. Rady Chairman & CEO 10,000 $32.00 $320,000.00
05/25/2022 Ernest S. Rady Chairman & CEO 21,197 $32.32 $684,983.55
06/01/2022 Ernest S. Rady Chairman & CEO 10,000 $33.71 $337,100.00
06/06/2022 Ernest S. Rady Chairman & CEO 10,000 $32.71 $327,100.00
06/10/2022 Ernest S. Rady Chairman & CEO 1,882 $30.49 $57,382.18
06/15/2022 Ernest S. Rady Chairman & CEO 30,000 $29.38 $881,300.00
Rady's average cost works out to $33.94/share. In trading on Tuesday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis lower than Rady, with shares changing hands as low as $29.02 per share. Shares of American Assets Trust Inc were changing hands at $29.82 at last check, trading up about 2.3% on Tuesday. The chart below shows the one year performance of AAT shares, versus its 200 day moving average:
Looking at the chart above, AAT's low point in its 52 week range is $28.42 per share, with $40.83 as the 52 week high point — that compares with a last trade of $29.82.
The current annualized dividend paid by American Assets Trust Inc is $1.28/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/08/2022. Below is a long-term dividend history chart for AAT, which can be of good help in judging whether the most recent dividend with approx. 4.4% annualized yield is likely to continue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $9.9M invested across 19 purchases by Ernest S. Rady, CEO at American Assets Trust Inc (Symbol: AAT). The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $28.42 per share, with $40.83 as the 52 week high point — that compares with a last trade of $29.82. In trading on Tuesday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis lower than Rady, with shares changing hands as low as $29.02 per share. | So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $9.9M invested across 19 purchases by Ernest S. Rady, CEO at American Assets Trust Inc (Symbol: AAT). In trading on Tuesday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis lower than Rady, with shares changing hands as low as $29.02 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $28.42 per share, with $40.83 as the 52 week high point — that compares with a last trade of $29.82. | In trading on Tuesday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis lower than Rady, with shares changing hands as low as $29.02 per share. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $9.9M invested across 19 purchases by Ernest S. Rady, CEO at American Assets Trust Inc (Symbol: AAT). The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $28.42 per share, with $40.83 as the 52 week high point — that compares with a last trade of $29.82. | So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $9.9M invested across 19 purchases by Ernest S. Rady, CEO at American Assets Trust Inc (Symbol: AAT). In trading on Tuesday, bargain hunters could buy shares of American Assets Trust Inc (Symbol: AAT) and achieve a cost basis lower than Rady, with shares changing hands as low as $29.02 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $28.42 per share, with $40.83 as the 52 week high point — that compares with a last trade of $29.82. |
20967.0 | 2022-06-24 00:00:00 UTC | Why American Assets Trust (AAT) is a Top Dividend Stock for Your Portfolio | AAT | https://www.nasdaq.com/articles/why-american-assets-trust-aat-is-a-top-dividend-stock-for-your-portfolio | nan | nan | All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
American Assets Trust in Focus
Headquartered in San Diego, American Assets Trust (AAT) is a Finance stock that has seen a price change of -21.16% so far this year. The real estate investment trust is currently shelling out a dividend of $0.32 per share, with a dividend yield of 4.33%. This compares to the REIT and Equity Trust - Retail industry's yield of 4.55% and the S&P 500's yield of 1.73%.
Taking a look at the company's dividend growth, its current annualized dividend of $1.28 is up 10.3% from last year. In the past five-year period, American Assets Trust has increased its dividend 4 times on a year-over-year basis for an average annual increase of 1.80%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. American Assets Trust's current payout ratio is 58%. This means it paid out 58% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for AAT for this fiscal year. The Zacks Consensus Estimate for 2022 is $2.20 per share, which represents a year-over-year growth rate of 10%.
Bottom Line
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Assets Trust, Inc. (AAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). American Assets Trust in Focus Headquartered in San Diego, American Assets Trust (AAT) is a Finance stock that has seen a price change of -21.16% so far this year. Earnings growth looks solid for AAT for this fiscal year. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust in Focus Headquartered in San Diego, American Assets Trust (AAT) is a Finance stock that has seen a price change of -21.16% so far this year. Earnings growth looks solid for AAT for this fiscal year. | American Assets Trust in Focus Headquartered in San Diego, American Assets Trust (AAT) is a Finance stock that has seen a price change of -21.16% so far this year. Earnings growth looks solid for AAT for this fiscal year. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). | American Assets Trust in Focus Headquartered in San Diego, American Assets Trust (AAT) is a Finance stock that has seen a price change of -21.16% so far this year. Earnings growth looks solid for AAT for this fiscal year. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). |
20968.0 | 2022-06-08 00:00:00 UTC | American Assets Trust (AAT) is a Top Dividend Stock Right Now: Should You Buy? | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-is-a-top-dividend-stock-right-now%3A-should-you-buy | nan | nan | Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
American Assets Trust in Focus
Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -12.23%. Currently paying a dividend of $0.32 per share, the company has a dividend yield of 3.89%. In comparison, the REIT and Equity Trust - Retail industry's yield is 3.97%, while the S&P 500's yield is 1.53%.
Looking at dividend growth, the company's current annualized dividend of $1.28 is up 10.3% from last year. Over the last 5 years, American Assets Trust has increased its dividend 4 times on a year-over-year basis for an average annual increase of 1.80%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Right now, American Assets Trust's payout ratio is 58%, which means it paid out 58% of its trailing 12-month EPS as dividend.
AAT is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2022 is $2.20 per share, representing a year-over-year earnings growth rate of 10%.
Bottom Line
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -12.23%. AAT is expecting earnings to expand this fiscal year as well. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -12.23%. AAT is expecting earnings to expand this fiscal year as well. | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -12.23%. AAT is expecting earnings to expand this fiscal year as well. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -12.23%. AAT is expecting earnings to expand this fiscal year as well. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). |
20969.0 | 2022-05-23 00:00:00 UTC | This is Why American Assets Trust (AAT) is a Great Dividend Stock | AAT | https://www.nasdaq.com/articles/this-is-why-american-assets-trust-aat-is-a-great-dividend-stock | nan | nan | Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
American Assets Trust in Focus
Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -15.56%. Currently paying a dividend of $0.32 per share, the company has a dividend yield of 4.04%. In comparison, the REIT and Equity Trust - Retail industry's yield is 3.92%, while the S&P 500's yield is 1.65%.
Looking at dividend growth, the company's current annualized dividend of $1.28 is up 10.3% from last year. American Assets Trust has increased its dividend 4 times on a year-over-year basis over the last 5 years for an average annual increase of 1.80%. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend. Right now, American Assets Trust's payout ratio is 58%, which means it paid out 58% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for AAT for this fiscal year. The Zacks Consensus Estimate for 2022 is $2.16 per share, which represents a year-over-year growth rate of 8%.
Bottom Line
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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American Assets Trust, Inc. (AAT): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -15.56%. Earnings growth looks solid for AAT for this fiscal year. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -15.56%. Earnings growth looks solid for AAT for this fiscal year. | American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -15.56%. Earnings growth looks solid for AAT for this fiscal year. That said, they can take comfort from the fact that AAT is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust in Focus Based in San Diego, American Assets Trust (AAT) is in the Finance sector, and so far this year, shares have seen a price change of -15.56%. Earnings growth looks solid for AAT for this fiscal year. |
20970.0 | 2022-05-11 00:00:00 UTC | Relative Strength Alert For American Assets Trust | AAT | https://www.nasdaq.com/articles/relative-strength-alert-for-american-assets-trust | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. American Assets Trust Inc (Symbol: AAT) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AAT entered into oversold territory, changing hands as low as $31.81 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of American Assets Trust Inc, the RSI reading has hit 29.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 38.0. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, AAT's recent annualized dividend of 1.28/share (currently paid in quarterly installments) works out to an annual yield of 3.96% based upon the recent $32.34 share price.
A bullish investor could look at AAT's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAT is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at AAT's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. American Assets Trust Inc (Symbol: AAT) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AAT entered into oversold territory, changing hands as low as $31.81 per share. | Indeed, AAT's recent annualized dividend of 1.28/share (currently paid in quarterly installments) works out to an annual yield of 3.96% based upon the recent $32.34 share price. American Assets Trust Inc (Symbol: AAT) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AAT entered into oversold territory, changing hands as low as $31.81 per share. | Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAT is its dividend history. American Assets Trust Inc (Symbol: AAT) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AAT entered into oversold territory, changing hands as low as $31.81 per share. | But making American Assets Trust Inc an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of AAT entered into oversold territory, changing hands as low as $31.81 per share. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on AAT is its dividend history. American Assets Trust Inc (Symbol: AAT) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. |
20971.0 | 2022-05-10 00:00:00 UTC | American Assets Trust (AAT) Passes Through 4% Yield Mark | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-passes-through-4-yield-mark | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.28), with the stock changing hands as low as $31.97 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 4% would appear considerably attractive if that yield is sustainable. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.28), with the stock changing hands as low as $31.97 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.28), with the stock changing hands as low as $31.97 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.28), with the stock changing hands as low as $31.97 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield. | Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of American Assets Trust Inc (Symbol: AAT) were yielding above the 4% mark based on its quarterly dividend (annualized to $1.28), with the stock changing hands as low as $31.97 on the day. American Assets Trust Inc (Symbol: AAT) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In the case of American Assets Trust Inc, looking at the history chart for AAT below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 4% annual yield. |
20972.0 | 2022-04-26 00:00:00 UTC | American Assets Trust (AAT) Tops Q1 FFO and Revenue Estimates | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-tops-q1-ffo-and-revenue-estimates | nan | nan | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to FFO of $0.38 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 9.62%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.47 per share when it actually produced FFO of $0.54, delivering a surprise of 14.89%.
Over the last four quarters, the company has surpassed consensus FFO estimates four times.
American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $101.47 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.74%. This compares to year-ago revenues of $83.99 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on theearnings call
American Assets Trust shares have lost about 2.6% since the beginning of the year versus the S&P 500's decline of -9.9%.
What's Next for American Assets Trust?
While American Assets Trust has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Assets Trust: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.54 on $99.51 million in revenues for the coming quarter and $2.15 on $400.76 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Retail is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Acadia Realty Trust (AKR), is yet to report results for the quarter ended March 2022. The results are expected to be released on May 2.
This real estate investment trust is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +16%. The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level.
Acadia Realty Trust's revenues are expected to be $66.61 million, down 4% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.52 per share. American Assets Trust, Inc. (AAT): Free Stock Analysis Report The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on theearnings call American Assets Trust shares have lost about 2.6% since the beginning of the year versus the S&P 500's decline of -9.9%. | American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.52 per share. American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $101.47 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.74%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.52 per share. American Assets Trust, Inc. (AAT): Free Stock Analysis Report American Assets Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $101.47 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.74%. | American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.52 per share. American Assets Trust, Inc. (AAT): Free Stock Analysis Report Ahead of this earnings release, the estimate revisions trend for American Assets Trust: mixed. |
20973.0 | 2022-03-30 00:00:00 UTC | American Assets Trust Reaches Analyst Target Price | AAT | https://www.nasdaq.com/articles/american-assets-trust-reaches-analyst-target-price-0 | nan | nan | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.84/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 4 different analyst targets within the Zacks coverage universe contributing to that average for American Assets Trust Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $35.00. And then on the other side of the spectrum one analyst has a target as high as $44.00. The standard deviation is $4.358.
But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover American Assets Trust Inc:
RECENT AAT ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 1 1 1 1
Buy ratings: 0 0 0 0
Hold ratings: 2 2 2 1
Sell ratings: 1 1 1 1
Strong sell ratings: 0 0 0 0
Average rating: 2.75 2.75 2.75 2.67
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on AAT — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.84/share. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.84/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.84/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.84/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? |
20974.0 | 2022-03-07 00:00:00 UTC | Ex-Dividend Reminder: Travelers Companies, American Assets Trust and Rogers Communications | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-travelers-companies-american-assets-trust-and-rogers-0 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 3/9/22, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Rogers Communications Inc (Symbol: RCI) will all trade ex-dividend for their respective upcoming dividends. Travelers Companies Inc will pay its quarterly dividend of $0.88 on 3/31/22, American Assets Trust Inc will pay its quarterly dividend of $0.32 on 3/24/22, and Rogers Communications Inc will pay its quarterly dividend of $0.50 on 4/1/22. As a percentage of TRV's recent stock price of $170.18, this dividend works out to approximately 0.52%, so look for shares of Travelers Companies Inc to trade 0.52% lower — all else being equal — when TRV shares open for trading on 3/9/22. Similarly, investors should look for AAT to open 0.86% lower in price and for RCI to open 0.93% lower, all else being equal.
Below are dividend history charts for TRV, AAT, and RCI, showing historical dividends prior to the most recent ones declared.
Travelers Companies Inc (Symbol: TRV):
American Assets Trust Inc (Symbol: AAT):
Rogers Communications Inc (Symbol: RCI):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.07% for Travelers Companies Inc, 3.43% for American Assets Trust Inc, and 3.72% for Rogers Communications Inc.
In Monday trading, Travelers Companies Inc shares are currently off about 1.9%, American Assets Trust Inc shares are down about 0.9%, and Rogers Communications Inc shares are up about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 3/9/22, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Rogers Communications Inc (Symbol: RCI) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 0.86% lower in price and for RCI to open 0.93% lower, all else being equal. Below are dividend history charts for TRV, AAT, and RCI, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 3/9/22, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Rogers Communications Inc (Symbol: RCI) will all trade ex-dividend for their respective upcoming dividends. Travelers Companies Inc (Symbol: TRV): American Assets Trust Inc (Symbol: AAT): Rogers Communications Inc (Symbol: RCI): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.86% lower in price and for RCI to open 0.93% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 3/9/22, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Rogers Communications Inc (Symbol: RCI) will all trade ex-dividend for their respective upcoming dividends. Travelers Companies Inc (Symbol: TRV): American Assets Trust Inc (Symbol: AAT): Rogers Communications Inc (Symbol: RCI): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.86% lower in price and for RCI to open 0.93% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 3/9/22, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Rogers Communications Inc (Symbol: RCI) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 0.86% lower in price and for RCI to open 0.93% lower, all else being equal. Below are dividend history charts for TRV, AAT, and RCI, showing historical dividends prior to the most recent ones declared. |
20975.0 | 2022-02-05 00:00:00 UTC | Should You Be Worried About American Assets Trust, Inc.'s (NYSE:AAT) 2.5% Return On Equity? | AAT | https://www.nasdaq.com/articles/should-you-be-worried-about-american-assets-trust-inc.s-nyse%3Aaat-2.5-return-on-equity | nan | nan | One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. By way of learning-by-doing, we'll look at ROE to gain a better understanding of American Assets Trust, Inc. (NYSE:AAT).
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
How Do You Calculate Return On Equity?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for American Assets Trust is:
2.5% = US$30m ÷ US$1.2b (Based on the trailing twelve months to September 2021).
The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.02 in profit.
Does American Assets Trust Have A Good Return On Equity?
Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. As shown in the graphic below, American Assets Trust has a lower ROE than the average (6.8%) in the REITs industry classification.
NYSE:AAT Return on Equity February 5th 2022
That's not what we like to see. Although, we think that a lower ROE could still mean that a company has the opportunity to better its returns with the use of leverage, provided its existing debt levels are low. A high debt company having a low ROE is a different story altogether and a risky investment in our books. To know the 3 risks we have identified for American Assets Trust visit our risks dashboard for free.
The Importance Of Debt To Return On Equity
Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.
Combining American Assets Trust's Debt And Its 2.5% Return On Equity
American Assets Trust does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.36. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time.
Summary
Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. Companies that can achieve high returns on equity without too much debt are generally of good quality. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE.
Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So you might want to take a peek at this data-rich interactive graph of forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By way of learning-by-doing, we'll look at ROE to gain a better understanding of American Assets Trust, Inc. (NYSE:AAT). NYSE:AAT Return on Equity February 5th 2022 That's not what we like to see. As shown in the graphic below, American Assets Trust has a lower ROE than the average (6.8%) in the REITs industry classification. | By way of learning-by-doing, we'll look at ROE to gain a better understanding of American Assets Trust, Inc. (NYSE:AAT). NYSE:AAT Return on Equity February 5th 2022 That's not what we like to see. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for American Assets Trust is: 2.5% = US$30m ÷ US$1.2b (Based on the trailing twelve months to September 2021). | By way of learning-by-doing, we'll look at ROE to gain a better understanding of American Assets Trust, Inc. (NYSE:AAT). NYSE:AAT Return on Equity February 5th 2022 That's not what we like to see. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. | By way of learning-by-doing, we'll look at ROE to gain a better understanding of American Assets Trust, Inc. (NYSE:AAT). NYSE:AAT Return on Equity February 5th 2022 That's not what we like to see. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. |
20976.0 | 2022-01-20 00:00:00 UTC | American Assets Trust (AAT) Shares Cross Below 200 DMA | AAT | https://www.nasdaq.com/articles/american-assets-trust-aat-shares-cross-below-200-dma | nan | nan | In trading on Thursday, shares of American Assets Trust Inc (Symbol: AAT) crossed below their 200 day moving average of $37.20, changing hands as low as $36.41 per share. American Assets Trust Inc shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of AAT shares, versus its 200 day moving average:
Looking at the chart above, AAT's low point in its 52 week range is $27.21 per share, with $40.83 as the 52 week high point — that compares with a last trade of $37.17.
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of American Assets Trust Inc (Symbol: AAT) crossed below their 200 day moving average of $37.20, changing hands as low as $36.41 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $27.21 per share, with $40.83 as the 52 week high point — that compares with a last trade of $37.17. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of American Assets Trust Inc (Symbol: AAT) crossed below their 200 day moving average of $37.20, changing hands as low as $36.41 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $27.21 per share, with $40.83 as the 52 week high point — that compares with a last trade of $37.17. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of American Assets Trust Inc (Symbol: AAT) crossed below their 200 day moving average of $37.20, changing hands as low as $36.41 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $27.21 per share, with $40.83 as the 52 week high point — that compares with a last trade of $37.17. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of American Assets Trust Inc (Symbol: AAT) crossed below their 200 day moving average of $37.20, changing hands as low as $36.41 per share. The chart below shows the one year performance of AAT shares, versus its 200 day moving average: Looking at the chart above, AAT's low point in its 52 week range is $27.21 per share, with $40.83 as the 52 week high point — that compares with a last trade of $37.17. American Assets Trust Inc shares are currently trading down about 0.4% on the day. |
20977.0 | 2022-01-10 00:00:00 UTC | American Assets Trust Reaches Analyst Target Price | AAT | https://www.nasdaq.com/articles/american-assets-trust-reaches-analyst-target-price | nan | nan | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.59/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 3 different analyst targets within the Zacks coverage universe contributing to that average for American Assets Trust Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $34.50. And then on the other side of the spectrum one analyst has a target as high as $44.00. The standard deviation is $4.924.
But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover American Assets Trust Inc:
RECENT AAT ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 1 1 1 1
Buy ratings: 0 0 0 0
Hold ratings: 1 1 1 1
Sell ratings: 1 1 1 1
Strong sell ratings: 0 0 0 0
Average rating: 2.67 2.67 2.67 2.67
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on AAT — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.59/share. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.59/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.59/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $38.59/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? |
20978.0 | 2021-12-07 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for December 08, 2021 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc.-aat-ex-dividend-date-scheduled-for-december-08-2021 | nan | nan | American Assets Trust, Inc. (AAT) will begin trading ex-dividend on December 08, 2021. A cash dividend payment of $0.3 per share is scheduled to be paid on December 23, 2021. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 20% increase over prior dividend payment. At the current stock price of $36.39, the dividend yield is 3.3%.
The previous trading day's last sale of AAT was $36.39, representing a -10.87% decrease from the 52 week high of $40.83 and a 34.03% increase over the 52 week low of $27.15.
AAT is a part of the Consumer Services sector, which includes companies such as Prologis, Inc. (PLD) and Crown Castle International Corporation (CCI). AAT's current earnings per share, an indicator of a company's profitability, is $.39. Zacks Investment Research reports AAT's forecasted earnings growth in 2021 as 2.65%, compared to an industry average of 11.1%.
For more information on the declaration, record and payment dates, visit the aat Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAT through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAT as a top-10 holding:
Direxion Daily Real Estate Bull 3x Shares (DRN).
The top-performing ETF of this group is DRN with an increase of 10.56% over the last 100 days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AAT is a part of the Consumer Services sector, which includes companies such as Prologis, Inc. (PLD) and Crown Castle International Corporation (CCI). Zacks Investment Research reports AAT's forecasted earnings growth in 2021 as 2.65%, compared to an industry average of 11.1%. The following ETF(s) have AAT as a top-10 holding: Direxion Daily Real Estate Bull 3x Shares (DRN). | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. AAT's current earnings per share, an indicator of a company's profitability, is $.39. American Assets Trust, Inc. (AAT) will begin trading ex-dividend on December 08, 2021. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAT was $36.39, representing a -10.87% decrease from the 52 week high of $40.83 and a 34.03% increase over the 52 week low of $27.15. For more information on the declaration, record and payment dates, visit the aat Dividend History page. | AAT's current earnings per share, an indicator of a company's profitability, is $.39. American Assets Trust, Inc. (AAT) will begin trading ex-dividend on December 08, 2021. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. |
20979.0 | 2021-12-07 00:00:00 UTC | The Chairman & CEO of American Assets Trust, Inc. (NYSE:AAT), Ernest Rady, Just Bought A Few More Shares | AAT | https://www.nasdaq.com/articles/the-chairman-ceo-of-american-assets-trust-inc.-nyse%3Aaat-ernest-rady-just-bought-a-few-more | nan | nan | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$779k worth of stock, at a price of US$35.04. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.3%.
The Last 12 Months Of Insider Transactions At American Assets Trust
In fact, the recent purchase by Chairman & CEO Ernest Rady was not their only acquisition of American Assets Trust shares this year. Earlier in the year, they paid US$35.37 per share in a US$1.9m purchase. So it's clear an insider wanted to buy, at around the current price, which is US$36.39. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for American Assets Trust share holders is that an insider was buying at near the current price. Ernest Rady was the only individual insider to buy shares in the last twelve months.
Ernest Rady bought a total of 332.47k shares over the year at an average price of US$35.90. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:AAT Insider Trading Volume December 7th 2021
American Assets Trust is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of American Assets Trust
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. American Assets Trust insiders own about US$290m worth of shares (which is 10% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About American Assets Trust Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest American Assets Trust insiders are well aligned, and quite possibly think the share price is too low. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 3 warning signs we've spotted with American Assets Trust (including 1 which makes us a bit uncomfortable).
But note: American Assets Trust may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$779k worth of stock, at a price of US$35.04. NYSE:AAT Insider Trading Volume December 7th 2021 American Assets Trust is not the only stock that insiders are buying. The good news for American Assets Trust share holders is that an insider was buying at near the current price. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$779k worth of stock, at a price of US$35.04. NYSE:AAT Insider Trading Volume December 7th 2021 American Assets Trust is not the only stock that insiders are buying. The Last 12 Months Of Insider Transactions At American Assets Trust In fact, the recent purchase by Chairman & CEO Ernest Rady was not their only acquisition of American Assets Trust shares this year. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$779k worth of stock, at a price of US$35.04. NYSE:AAT Insider Trading Volume December 7th 2021 American Assets Trust is not the only stock that insiders are buying. The Last 12 Months Of Insider Transactions At American Assets Trust In fact, the recent purchase by Chairman & CEO Ernest Rady was not their only acquisition of American Assets Trust shares this year. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$779k worth of stock, at a price of US$35.04. NYSE:AAT Insider Trading Volume December 7th 2021 American Assets Trust is not the only stock that insiders are buying. The Last 12 Months Of Insider Transactions At American Assets Trust In fact, the recent purchase by Chairman & CEO Ernest Rady was not their only acquisition of American Assets Trust shares this year. |
20980.0 | 2021-12-06 00:00:00 UTC | Ex-Dividend Reminder: Kimco Realty, Gaming & Leisure Properties and American Assets Trust | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-kimco-realty-gaming-leisure-properties-and-american-assets-trust | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 12/8/21, Kimco Realty Corp (Symbol: KIM), Gaming & Leisure Properties, Inc (Symbol: GLPI), and American Assets Trust Inc (Symbol: AAT) will all trade ex-dividend for their respective upcoming dividends. Kimco Realty Corp will pay its quarterly dividend of $0.17 on 12/23/21, Gaming & Leisure Properties, Inc will pay its quarterly dividend of $0.67 on 12/23/21, and American Assets Trust Inc will pay its quarterly dividend of $0.30 on 12/23/21. As a percentage of KIM's recent stock price of $23.41, this dividend works out to approximately 0.73%, so look for shares of Kimco Realty Corp to trade 0.73% lower — all else being equal — when KIM shares open for trading on 12/8/21. Similarly, investors should look for GLPI to open 1.44% lower in price and for AAT to open 0.83% lower, all else being equal.
Below are dividend history charts for KIM, GLPI, and AAT, showing historical dividends prior to the most recent ones declared.
Kimco Realty Corp (Symbol: KIM):
Gaming & Leisure Properties, Inc (Symbol: GLPI):
American Assets Trust Inc (Symbol: AAT):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.90% for Kimco Realty Corp, 5.77% for Gaming & Leisure Properties, Inc, and 3.34% for American Assets Trust Inc.
In Monday trading, Kimco Realty Corp shares are currently up about 2.4%, Gaming & Leisure Properties, Inc shares are up about 1.7%, and American Assets Trust Inc shares are up about 2.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 12/8/21, Kimco Realty Corp (Symbol: KIM), Gaming & Leisure Properties, Inc (Symbol: GLPI), and American Assets Trust Inc (Symbol: AAT) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for GLPI to open 1.44% lower in price and for AAT to open 0.83% lower, all else being equal. Below are dividend history charts for KIM, GLPI, and AAT, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 12/8/21, Kimco Realty Corp (Symbol: KIM), Gaming & Leisure Properties, Inc (Symbol: GLPI), and American Assets Trust Inc (Symbol: AAT) will all trade ex-dividend for their respective upcoming dividends. Kimco Realty Corp (Symbol: KIM): Gaming & Leisure Properties, Inc (Symbol: GLPI): American Assets Trust Inc (Symbol: AAT): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for GLPI to open 1.44% lower in price and for AAT to open 0.83% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 12/8/21, Kimco Realty Corp (Symbol: KIM), Gaming & Leisure Properties, Inc (Symbol: GLPI), and American Assets Trust Inc (Symbol: AAT) will all trade ex-dividend for their respective upcoming dividends. Kimco Realty Corp (Symbol: KIM): Gaming & Leisure Properties, Inc (Symbol: GLPI): American Assets Trust Inc (Symbol: AAT): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for GLPI to open 1.44% lower in price and for AAT to open 0.83% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 12/8/21, Kimco Realty Corp (Symbol: KIM), Gaming & Leisure Properties, Inc (Symbol: GLPI), and American Assets Trust Inc (Symbol: AAT) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for GLPI to open 1.44% lower in price and for AAT to open 0.83% lower, all else being equal. Below are dividend history charts for KIM, GLPI, and AAT, showing historical dividends prior to the most recent ones declared. |
20981.0 | 2021-10-27 00:00:00 UTC | American Assets Trust Reit Inc (AAT) Q3 2021 Earnings Call Transcript | AAT | https://www.nasdaq.com/articles/american-assets-trust-reit-inc-aat-q3-2021-earnings-call-transcript-2021-10-28 | nan | nan | Image source: The Motley Fool.
American Assets Trust Reit Inc (NYSE: AAT)
Q3 2021 Earnings Call
Oct 27, 2021, 11:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Thank you for standing by, and welcome to the Third Quarter 2021 American Assets Trust, Inc.'s Earnings Conference Call. [Operator Instructions]
I would now like to introduce your host for today's program, Adam Wyll, President and Chief Operating Officer. Please go ahead, sir.
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Adam Wyll -- President and Chief Operating Officer
Thank you. Good morning, everyone. Welcome to American Assets Trust Third Quarter 2021 Earnings Call. Yesterday afternoon our earnings release and supplemental information were furnished to the SEC on Form 8-K. Both are now available on the Investors section of our website, americanassetstrust.com. A telephonic replay and on-demand webcast will also be available for this call over the next week.
During this call we will discuss non-GAAP financial measures, which are reconciled to our GAAP financial results in our earnings release and supplemental information. We will also be making forward-looking statements based on our current expectations, which statements are subject to risks and uncertainties discussed in our SEC filings. You are cautioned not to place undue reliance on these forward-looking statements.
Actual events could cause our results to differ materially from these forward-looking statements for a number of reasons, including, as it may relate to the continuing impact of COVID-19.
And with that, I'll turn the call over to Ernest Rady, our Chairman and CEO, to begin the discussion of our third quarter 2021 results. Ernest?
Ernest Rady -- Chairman and Chief Executive Officer
Thanks, Adam. And good morning, everyone. I am pleased to report that we continue to make great progress on all fronts as we rebound from the impact of COVID-19. We knew at the onset of the pandemic that we would not be impervious to its economic impact, but we were confident that the high-quality, irreplaceable properties and asset class diversity of our portfolio, combined with the strength of our balance sheet and ample liquidity would help us pull through and maybe even come out on the other side better off than at the beginning.
We continue to be optimistic as we meaningfully rebounded in 2021 and anticipate further growth in 2022 and beyond. That's why we've aggregated the portfolio comprised of a well-balanced collection of office, retail, multifamily and mixed-use properties located in dynamic high barrier to entry markets, where we believe that the demographics, pent-up demand and local economies remain strong relative to others.
Our properties are more resilient in our view to economic downturns as they are in the path of growth, education, and innovation and importantly can likely withstand the impact of long-term inflation, perhaps even benefit from the benefits of long-term inflation. Along those lines during the past quarter, we used our liquidity to acquire two complementary and accretive office properties in Bellevue, Washington, a market that we remain very bullish on and in which we expect continued rent growth.
Meanwhile, our development of La Jolla Commons III into an 11 story, approximately 210,000 square foot Class A office tower remains on time and on budget for Q2 or Q3 2023 delivery. We are encouraged about the leasing prospects in the UTC submarket for high-quality, large blocks of space, where both tech and life science funding continues at record levels and same tenants continue to expand. But we don't have specific news to share on that front at this time.
The same holds true for our One Beach Street development on the North Waterfront of San Francisco, which we believe to be a unique opportunity for a full building tenant with delivery expected in Q2 or Q3 of 2022. Additionally, I'm happy to inform you that our Board of Directors has approved the quarterly dividend of $0.30 a share for the third quarter, which we believe is supported by our expectations for operations to continue trending positively. It will be paid on December 23 to shareholders of record on December nine.
Adam, Bob and Steve will go into more detail on our various asset segments, collections and financial results and guidance, and I will be available and we'll all be available for any questions that you may have at the conclusion of our prepared remarks. On behalf of all of us at American Assets Trust, we thank you for your confidence in allowing us to manage your company and for your continued support now more than ever as we aim to grow our earnings and net asset values for our shareholders on an accretive basis.
I'm now going to turn the call back over to Adam. Adam, please.
Adam Wyll -- President and Chief Operating Officer
Thanks, Ernest. As we look at our portfolio, we are always reminded of the importance of owning and operating the preeminent properties in each of our markets. That's why we focused on continuing to enhance our best-in-class community shopping centers to promote a better experience for our shoppers with the expectation that this will further strengthen our properties as the dominant centers in our submarkets. And we understand the importance of modern state-of-the-art amenities in our office projects, which assist our tenants in the hiring and retention of talent in what is currently a very competitive job market.
We feel strongly that consistently improving and monetizing our properties, including incorporating sustainability and health and wellness elements is critical to remaining competitive in the marketplace in order to attract the highest quality and highest credit tenants. Meanwhile, we are encouraged by our approximately 97% collection percentage in Q3, increased leasing activity across all asset classes, fewer tenant failures and bankruptcies than we expected and many modified leases hitting percentage rent thresholds sooner than expected and are collecting of approximately 96% of deferred rents due during the third quarter, all validating the strategies we implemented during COVID to support our struggling retailers through the government-mandated closures as we are fortunate to have the financial ability to do so.
Briefly on the retail front, we've seen an improved leasing environment over the past few quarters with positive activity engagement with new retailers for many of our vacancies, including recently signed new deals with Columbia Sportswear, Williams-Sonoma, Total Wine and First Hawaiian Bank to name a few, and renewals with Nordstrom's, Petco and Whole Earth among others as well as many other new deals and renewals in the lease documentation process. Retailers are choosing our best-in-class locations to improve their sales, all the while we remain selective in terms of merchandising our shopping centers for the longer term.
Chris Sullivan and his team have done a tremendous job on that front despite some of the continuing headwinds at our Waikiki Beach Walk retail. On the multifamily front as of quarter end, we were 96% leased at Hassalo in Portland, and 98% leased in San Diego multifamily portfolio. All of the master lease units in San Diego that you've heard us discuss previously were absorbed by early August.
Though multifamily collections have been particularly challenging in Portland due to COVID-related government restrictions, we have started receiving meaningful checks from government rental assistant programs to drive down our outstanding amounts owed and expect more checks to come. We are confident that Abigail's strong leadership at San Diego multifamily and Tania's new energy at Hassalo will drive improvements at our multifamily properties, both operationally and financially.
With that, I'll turn the call over to Bob to discuss Q3 financial results in more detail.
Robert Barton -- Executive Vice President and Chief Financial Officer
Thanks, Adam. Good morning, everyone. Last night we reported third quarter 2021 FFO per share of $0.57, and third quarter 2021 net income attributable to common stockholders per share of $0.17. Third quarter results are primarily comprised of the following: actual FFO increased in the third quarter by approximately 11.4% on a FFO per share basis to $0.57 per FFO share compared to the second quarter of 2021, primarily from the following four items: first, the acquisitions of Eastgate Office Park in Corporate Campus East III in Bellevue, Washington, on July seven and September 10, respectively, added approximately $0.023 of FFO per share in Q3.
Second, Alamo Quarry in San Antonio added approximately $0.017 of FFO per share in Q3, resulting from 2019 and 2020 real estate tax refunds received during the third quarter of 2021, which reduced Alamo Quarry's real estate tax expense. Third, decrease of bad debt expense at Carmel Mountain Plaza added approximately $0.005 per FFO share in Q3. And fourth, the Embassy Suites and Waikiki Beach Walk added approximately $0.012 of FFO per share in Q3 due to the seasonality over the summer months.
Let me give you an update on our Waikiki Embassy Suites hotel. Due to the impact of the delta variant, Hawaiian Governor Ige made a formal announcement on the third week in August that if you have plans or are thinking of coming to Hawaii, please don't come until we tell you otherwise. It was not a mandate, but it did create a detrimental impact to our visitors to Hawaii and resulted in huge cancellation starting in August and into September. Our results for Q3 at Embassy Suites hotel were expected to be much higher.
Overall, occupancy, ADR and RevPAR continued to increase on heading in the right direction. As of October 19, Governor Ige made another formal announcement to begin welcoming all essential and nonessential travel, starting November 1, 2021. We look forward to welcoming the fully vaccinated individuals and ramping up our visitor industry. On our Q2earnings call I mentioned that Japan, who was then approximately 9% fully vaccinated, is now over 65% fully vaccinated and is expected to hit 80% by November.
All emergency measures in Japan were lifted on September 30 and lifted the intensive antivirus measures. It marks the first time since April that Japan is free of corona virus declarations and intensive measures. We expect to start seeing the Japanese tourists beginning to slowly start revisiting the Hawaiian Islands beginning in November, including Waikiki. Now as we look at our consolidated statement of operations for the three months ended September 30, 2021, our total revenue increased approximately $6.5 million over Q2 '21, which is approximately a 7% increase.
Approximately 43% of that was from the two new office acquisitions. Same-store cash NOI overall was strong at 14% year-over-year, with office consistently strong before, during and post-COVID and retail showing strong signs of recovery. Multifamily was flat primarily year-over-year as a result of higher bad debt expense at our Hassalo on eight departments in Portland, but it was still approximately 5% higher than Q2 2021.
As previously disclosed, we acquired Corpus Campus East III on September 10, comprised of an approximately 161,000 square foot multi-tenant office campus located just off Interstate 405 and 520 freeway interchange, less than five minutes away from downtown Bellevue, Washington. The four building campus is currently 86% leased to a diversified tenant base, which we saw as an opportunity when in-place rents were compared to what we were seeing in the marketplace. The purchase price of approximately $84 million was paid with cash on the balance sheet. The going-in cap rate was north of 3% as a result of the existing vacancy. Our expectation based on our underwriting is that this asset will produce a five year average cap rate over 6% and a strong unlevered IRR of 7%. Let's talk about liquidity.
At the end of the third quarter, we had liquidity of approximately $522 million, comprised of approximately $172 million in cash and cash equivalents and $350 million of availability on our line of credit. Our leverage, which we measure in terms of net debt-to-EBITDA was 6.4 times. Our focus is to maintain our net debt-to-EBITDA at 5.5 times or below. Our interest coverage and fixed charge coverage ratio ended the quarter at 3.9 times.
As we approach year-end, we are providing our 2021 guidance. The full year range of 2021 is $1.91 to $1.93 per FFO share with a midpoint of $1.92 per FFO share. With that midpoint, we would expect Q4 2021 to be approximately $0.46 per FFO share. The $0.11 estimated difference in Q4 FFO per share would be attributable to the following: approximately a negative $0.025 of FFO per share relating to nonrecurring collection of prior rents at one of our theaters in Q3 that will not occur in Q4 2021.
Secondly, our mixed-use properties are expected to be down approximately $0.037 of FFO per share relating to the normal seasonality of the Embassy Suites hotel and the related parking. Third, Alamo Quarry is expected to be down approximately $0.02 of FFO per share relating to the nonrecurring property tax refund that was received in Q3 2021 for 2019 and 2020. And we expect G&A and interest expense to increase and therefore, decrease FFO by approximately $0.02 per FFO share.
Additionally, we plan to issue 2022 full year guidance subject to Board approval when we announce year-end 2021 results in February of 2022. Historically, we have issued our full year guidance on the Q3earnings call We believe resetting the issuance and cadence of our guidance to the Q4earnings callgoing forward is more in alignment with our peers and also gives us more clarity as to the following year guidance. As always, our guidance in these prepared remarks exclude any impact from future acquisitions, dispositions, equity issuances or repurchases, future debt refinancings or repayments other than what we've already discussed. We will continue our best to be as transparent as possible and share with you our analysis, interpretations of our quarterly numbers.
I'll now turn the call over to Steve Center, our Vice President of Office Properties for a brief update on our office segment. Steve?
Steve Center -- Vice President of Office Properties
Thanks, Bob. Our office portfolio grew by approximately 440,000 square feet or nearly 13% in Q3 with the two new office acquisitions. We brought up these assets on board at approximately 92% leased with approximately 20% rolling through 2022, which provides us with the opportunity to deliver start rates from approximately 10% to 30% over ending rents. At the end of the third quarter at One Beach, which remains under redevelopment, our office portfolio is approximately 93% leased with 1.5% expiring through the end of 2021, approximately 9% expiring in 2022 with tour and proposed activity that has increased significantly.
Our office portfolio has weathered the storm well. In the second and third quarters, we executed 57,000 annual square feet of comparable new and renewal leases with increases over prior rent of 9.2% and 14.5% on a cash and straight-line basis respectively. New start rates for the 2021 rollover are estimated to be approximately 17% above the ending rates. In fact, we are at least documentation for over half of the space rolling in 2021 as start rates nearly 28% over ending rates.
New start rates for the 2022 rollovers are estimated to be approximately 18% above the ending rates. We are employing multiple initiatives to drive rent growth and occupancy, including renovating buildings with significant vacancy, adding or enhancing amenities, aggregating and white boxing larger loss of space where there is a scarcity of such blocks and improving our smaller spaces to be move-in ready. By way of a few examples, we are just completing renovations of two buildings at Torrey Reserve in San Diego. Those two buildings represent 80% of the total project vacancy.
We now have leases signed or in documentation for over half of that vacancy at premium rates. We will be completing similar renovations Eastgate Office Park where leasing activity is already robust, but we anticipate taking this property to the next level of quality. We are adding new fitness and conference facilities at Torrey Reserve, City Center Bellevue and Corporate Campus East III and will be further enhancing the employee's amenities building at Eastgate.
We believe that our continued strategic investments in our portfolio will position us to capture more than our fair share of that absorption at premium rents as the markets improve. And we have more to look forward to with redevelopments and development. In addition to One Beach Street and La Jolla Commons previously mentioned by Ernest, construction is nearly complete on the redevelopment of seven Tower Square in the, on our market at Portland, which will add another 32,000 rentable square feet to the office portfolio. In summary, our office portfolio is on us as we move forward into the rest of 2021 and beyond.
Operator, I'll now turn the call over to you for questions.
Questions and Answers:
Operator
[Operator Instructions] Our first question comes from the line of Todd Thomas from KeyBanc Capital Markets. Your question please.
Ravi Vaidya -- KeyBanc Capital Markets -- Analyst
Hi, good morning. This is Ravi Vaidya on the line for Todd Thomas. It seems that the multifamily portfolio continues to recover. Rents were up nicely on a sequential basis and occupancy has also rebounded. Annualized multifamily NOI is still just a touch under the 22 NOI forecast that you recently disclosed. Is it fair to assume that multifamily is tracking ahead or do you expect it to pull back a bit in the near term?
Ernest Rady -- Chairman and Chief Executive Officer
This is Ernest. Actually, multifamily is looking like it's on an uptrend. So the rental market is tight in San Diego. Abigail is nodding her head in affirmation. And Portland, which adds a degree of uncertainty is still doing much better than it did during the height of the pandemic or the pit of the problems it went through. So we're very optimistic on our multifamily portfolio, and thank you for asking.
Ravi Vaidya -- KeyBanc Capital Markets -- Analyst
Thank you, just one more here. Can you please comment on One Beach Street, noticed the percent lease rate dropped from 15 to zero, was there a 10 fallout? And can you discuss the leasing environment a bit more broadly? Have you seen any delays in lease signings or are companies indicating at all to you that they are rethinking their office needs?
Adam Wyll -- President and Chief Operating Officer
That was a strategic lease termination. We had an existing tenant on the third floor that the construction activity is so significant. It was just too disruptive. And rather than fight over it, we came to a mutual agreed upon termination settlement, moved them out and that accelerates construction and also lowers cost because we were having to work around that tenant in place. So that was a strategic termination.
Ernest Rady -- Chairman and Chief Executive Officer
I hope that answers your question. If you -- do you want any more detail?
Ravi Vaidya -- KeyBanc Capital Markets -- Analyst
No, that's fine. Thank you, appreciate it.
Ernest Rady -- Chairman and Chief Executive Officer
Okay. It's going to be a beautiful building, by the way, and we're really excited about it, and it's the right thing for the market. And you have to see it to see how well it's turning out relative to what it was.
Adam Wyll -- President and Chief Operating Officer
I would add to that, that having the full building versus a big block of space with another 10 in the building is more desirable.
Operator
Our next question comes from the line of Haendel St. Juste from Mizuho.
Yufei Jiang -- Mizuho -- Analyst
This is Lydia Jiang for Haendel. Thank you for taking my question. Can you provide more detail on what is driving the changes in rent collections, particularly retail increasing from 93% in July versus 96% in October as well as mixed-use which dropped meaningfully from 85% in July to 72% in October?
Ernest Rady -- Chairman and Chief Executive Officer
You know, you're not coming through clearly. So I don't know how to handle this, but maybe you can answer it generally.
Adam Wyll -- President and Chief Operating Officer
In general -- in general, retail is turned back on, the critical thing I always preach is school going back. People are spending money in our collections have come back up significantly with the majority of our tenants paying the rent without a fight. I didn't really -- you asked a lot of other questions in there on some numbers. I have to rely on Bob to chime in on that.
Ernest Rady -- Chairman and Chief Executive Officer
Or if we can't, we're just going to guess at the answers you're looking for. But if you don't receive them, please do call Bob Barton. And hopefully, the transmission will be clear, and we'll be able to understand the question. Bob, do you want to just give some overview?
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes. This is Lydia, right?
Yufei Jiang -- Mizuho -- Analyst
Yes. Hi, this is Lydia. Sorry about the connection.
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes, I'm not sure, it's on your end or our end, but we've got a lot of echo. So we're, kind of, at a loss here. But generally, what you're saying is -- correct me if I'm wrong, is you're asking about the change in the percentage occupancy from Q2 to Q3. Is that correct?
Yufei Jiang -- Mizuho -- Analyst
Yes.
Adam Wyll -- President and Chief Operating Officer
In collection.
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes. I mean, if you look on the earnings release, Page four, I mean, office is flat, but I don't know if there's much room to go. It's from 99.5% to 99.5%, I mean I think it's -- I think office is strong. Retail is on track. We're having much better collections. And I think in -- if you read through Adam's comments, he mentioned many of the tenants that we have recently signed in the retail. So retail is coming along. It's still a tough go from some perspective only because we're coming out of COVID.
So we have some modifications, but I think we're past a negotiation standpoint. Now everybody is coming back to the -- to each of our centers. We're starting to see the theaters start to have people back in them, especially with the issuance of the Bond movie recently. And multifamily, I think Abigail and Ernest spoke on that. So that continues to be on an upward trend overall. And mixed-use the highs and the lows over Q3, we -- that's the high season for the Embassy Suites.
So we always expect to be up over -- in Q3 about $0.02 of FFO. Our occupancy, we manage toward 88% year-round. And we adjust the rate accordingly based on the demand and the season that we're entering into. So I hope that answers your questions.
Ernest Rady -- Chairman and Chief Executive Officer
Lydia, I've always said when it comes to retail, we're going to do as well as anybody. And that's how it's playing out. We're doing as well as anybody, period. So the quality of our portfolio is coming through. And since we're having trouble communicating, please, if you have any additional questions call Bob directly. We want to answer all your questions as clearly as we can.
Operator
Our next question comes from the line of Richard Hill from Morgan Stanley.
Adam Kramer -- Morgan Stanley -- Analyst
Hey, you have Adam Kramer on for Richard. Good morning guys, I hope you're all well. So look, we appreciate, kind of providing the '21 guide, but kind of wanted to discuss your expectations for '22. And obviously recognize that you haven't provided formal guidance at this point. But in the most recent investor deck, it seemed like expectations for '22 NOI were lowered slightly versus the prior presentation. So I just want to ask about that change in '22 NOI expectations. And then kind of related to that, your thoughts around the recovery to pre-COVID NOI in multifamily and retail.
Ernest Rady -- Chairman and Chief Executive Officer
This is Ernest. From my point of view, 2022 is going to be a formative year. And we are confident, if not hopeful, that 2023 is going to provide some significantly good news, which we can't comment on now because they're in process. Bob, do you want to add anything?
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes. First of all, to your question on the bridge that we've tried to keep people informed about and be as transparent as possible through this COVID period, I think we're still on track for that bridge. I don't think we're too far off. We made some adjustments in the third quarter on that, which we did publish. But some went down, some went up. It's more of a timing issue than anything. And when you drop in the G&A and interest expense, which is not on the bridge and come down to an FFO, I think we're still on track. So while you have a little bit of noise in the third quarter and the fourth quarter, trying to come out with a run rate, that's what we're just finalizing that now. And we think that it's likely that we'll issue the guidance for 2022 on the fourth quarterearnings call So it shouldn't be too far off of what you've seen so far.
Ernest Rady -- Chairman and Chief Executive Officer
From a macro point of view, at the moment, there is significant inflation in the cost of construction. If our portfolio were to be valued at four billion dollars or five billion dollars and you add the 14% inflation, the replacement cost of this real estate has increased. The timing of that translating into increased rents is your guess is as good as mine. But we are really happy with what we own.
Adam Kramer -- Morgan Stanley -- Analyst
Got it. No, that's really helpful. And then just, Ernest, you kind of mentioned about the kind of inflation in cost of construction. And it's a really good point. So maybe if I could just kind of press you guys on that a little bit. I think you mentioned kind of the development projects are on schedule. What are you seeing in terms of cost of labor, cost for construction, cost for materials, raw materials? Is that kind of having an impact and maybe if you can quantify what that impact has been so far or what you're seeing for expectations for these projects?
Ernest Rady -- Chairman and Chief Executive Officer
We were fortunate in that we bought out most of what we're spending this year, last year at the height of pandemic. We are seeing on a go-forward basis significant inflation in construction costs, and I'm going to ask Jerry Gammieri, who heads that department to cover it in more detail if you prefer.
Jerry Gammieri -- Vice President of Construction and Development
Yes. And to Ernest's point, we were very successful in buying out the majority of these projects pre this construction inflation, which has occurred over the last year. It is a real problem industrywide, but I think on the two development projects that we have under construction now, One Beach and Lo Jolla Commons III, we were very successful in making a good buy. And as Ernest alluded to earlier, those costs today are up in excess of probably close to 15% beyond what we bought it at. So we feel pretty good about where we are.
Ernest Rady -- Chairman and Chief Executive Officer
And grateful.
Adam Kramer -- Morgan Stanley -- Analyst
Got it. Got it. And then just a final one for me. Obviously kind of congrats you guys on closing those two deals in Bellevue. Just wanted to ask about kind of the outlook for further acquisitions. I recognize the liquidity bridge that you kind of gave earlier, which is really helpful, but just kind of outlook for further acquisitions, appetite for further acquisitions and what you're kind of seeing in the market now?
Ernest Rady -- Chairman and Chief Executive Officer
What you're asking us to expose is the debate that goes on continuously within the company. Bob doesn't want to spend any money because he wants us to have liquidity. I want to buy assets because I think inflation is going to create value for our stockholders. So we're on the hunt. Anything that we buy is going to have to be compelling and accretive, and we're looking every day. And every day Bob tells me that our net debt-to-EBITDA, our cash, etc, etc. So we'll keep you informed as the debate continues. Is that a good way of putting it? Let me clarify that. Is there -- my view...
Adam Kramer -- Morgan Stanley -- Analyst
We've got a buying demand there.
Ernest Rady -- Chairman and Chief Executive Officer
[Indecipherable]. I love this guide. I love to spend money when it's accretive for the investors. And we do focus on a conservative debt profile. That's a fair summary. Thank you, Bob.
Adam Kramer -- Morgan Stanley -- Analyst
Got it. Really appreciate the time, really appreciate the time. Thank you guys.
Ernest Rady -- Chairman and Chief Executive Officer
Thank you. Thanks for the question.
Operator
Our next question comes from the line of Victoria Francis from Bank of America.
Victoria Francis -- Bank of America -- Analyst
Good morning, my question is on your multifamily leasing strategy. Occupancy was up nine percent this quarter to 97%, but average rent was still down year-over-year. Are you focused on regaining occupancy? And do you think you can push rents from here and to what extent do you think your multifamily portfolio has pricing power?
Ernest Rady -- Chairman and Chief Executive Officer
You want me to handle it, Abigail, or should I handle -- or should you want to handle? Okay. Yes. I'm good to go. You want to go?
Abigail Rex -- Director, Multifamily, San Diego
How about you going?
Ernest Rady -- Chairman and Chief Executive Officer
Okay. Well, first of all, last year, the rental increases were constricted by the government regulation. Those are now coming off gradually. Last year, collections were aided by government payments. Those will probably come to an end. But in the market in San Diego, there is a very tight rental market, a very tight housing market, which provides us an opportunity provided there's no more government regulation to increase rents more than certainly they did last year. In addition to that, we're spending money on our projects to take them to another level. I think those two, and I hope those two factors will allow us to give -- provide a pleasant surprise as far as rental income. Abigail, do you want to add something to that?
Abigail Rex -- Director, Multifamily, San Diego
Sure. Hi, Victoria. I think our strategy for multifamily, both in San Diego and in Portland is not only how the high occupancy, but also to ensure that the rental rates are comparing or trending upwards with not only the county and the state, but also in the local region. So I think effectively for us occupancy is a determining factor. But obviously, our rental rates are what we want to push upwards. When we look at San Diego, the multifamily portfolio here is actually trending higher than that of the county's market rates. Our loss to lease is actually pretty low in comparison in the market, and we just continue to push forward. And I think I'd say the same for Portland as well. I think our strategy is to capitalize on what renters are looking for. We're obviously looking to amenitize, reposition and offer great experiences to the residents to prove value for them.
Ernest Rady -- Chairman and Chief Executive Officer
That's very well put, Abigail. And I think the long and the short of this, we're going to get what we can, and we're going to earn it by improving the properties we have and Abigail has put it and Portland has put in place excellent management. So we're optimistic. Actually more than optimistic if you want to know the truth.
Victoria Francis -- Bank of America -- Analyst
Great, thank you very much.
Operator
Thank you. Our next question comes from the line of Tammy Feet from Wells Fargo Securities. Your question please.
Tammy Feet -- Wells Fargo Securities -- Analyst
Thanks, good morning. Maybe just going back on the $70 million of cash on the balance sheet I guess I'm just wondering, is that your mark for the development program or what do you think is the capacity for acquisitions on the balance sheet today?
Ernest Rady -- Chairman and Chief Executive Officer
Well, this -- we had a question comparable to that earlier. And there's a constant debate. Obviously, we have more than enough cash on the balance sheet to complete our construction. And then we would love to acquire something, both Bob and I would love to acquire something that's accretive for our stockholders. We do have in mind our liquidity as being a significant factor in the valuation of our securities. So with that in mind, we're going to do what we can to enhance the value. Real estate, the replacement cost of real estate is -- I hate to use the word, but it's going up dramatically, maybe even going through the roof. So anything you can buy today is going to cost us a lot more to replace tomorrow. And that's what drives me. And of course, Bob provides a balanced approach and that liquidity is important also. So we weigh those two factors going forward, and we hope that we make the right decisions for all our stockholders.
Tammy Feet -- Wells Fargo Securities -- Analyst
Okay. Great, thanks. And then maybe just sticking with the balance sheet. The leverage net debt-to-EBITDA ticked up slightly in the third quarter versus the second quarter, presumably, as you put some of the cash on the balance sheet to work. I guess I'm wondering, Bob, when do you think you can get to that 5.5 times target that you outlined?
Ernest Rady -- Chairman and Chief Executive Officer
We had trouble hearing you. Did you hear it, Bob?
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes. Tammy, we've got that echo going on here. Yes, when it will happen, that's -- we'll try to give some more insight on that in our 2022 guidance. We're going through that at this point in time. Where we are now, we may tick up a little bit and then will start coming down. Keep in mind, we have cash that's been put to work on La Jolla Commons redevelopment, on One Beach. And we don't have offsetting earnings coming in at this point in time. So where we are now is that we expect that One Beach will be completed in '22, and we're expecting to see revenue from One Beach coming in '23 or La Jolla Commons III and University Town Center here in San Diego, which is a dynamic, a very strong market, we expect that to be finished, completed in '23 with revenue coming in '24. So while it may tick up a little bit, it's going to come back down and we do see in our corporate operating model where we will hit that 5.5%. So I just can't give you the -- I'd rather give that to you later in our '22 guidance next quarter.
Ernest Rady -- Chairman and Chief Executive Officer
This is a macro strategy. You will recall that we offered -- when private placement debt became more expensive than public issuance, we offered $0.5 billion of bonds, which were 4.5 times oversubscribed, and that was -- that interest rate is locked in for -- at three and three for 10 years. I think that is going to prove to be a really good move as inflation becomes more of a factor. And if feds have to tighten interest rates, we're going to be very glad we have that fixed rate for 10 years, also as the replacement cost of our real estate increases significantly.
Tammy Feet -- Wells Fargo Securities -- Analyst
Got it. Maybe just one more. Bob, you mentioned I think that higher G&A and interest expenses were contributing to sort of the drop in Q3 -- in Q4 versus Q3 FFO. I guess I'm just wondering if you can elaborate on what's driving that?
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes. Working with COVID, we're expecting higher costs in the fourth quarter on G&A. And just to replace some of our people, it's -- the market is strong out there, to say the least. In terms of interest, we have the rate and even on our line of credit, I mean, costs are going up. So what we're seeing all in all is that we expect some of these costs to increase in the fourth quarter. Hopefully, it's not as much as that. We always want to under-promise and over-deliver. So we'll do the best we can to keep our G&A down and get the best cost of capital as we go forward.
Ernest Rady -- Chairman and Chief Executive Officer
What we're going through is no different than what the economy is going through. The -- it's an inflationary environment. Inflationary environment works against us in the short-term expenditure, but works for us in the long-term replacement cost of our properties. And that's a good question.
Tammy Feet -- Wells Fargo Securities -- Analyst
That makes sense. Thank you very much for your time.
Operator
Thank you. This does conclude the question-and-answer session of today's program. I'd like to hand the program back to Ernest Rady, Chairman and Chief Operating Officer, for any further remarks.
Ernest Rady -- Chairman and Chief Executive Officer
Okay. Thank you all for your interest. We've all been through a very difficult period. I've always hoped and I've said that we've had difficult times before, and we will come out at the other end of this better off than we went in. I'm still hopeful that's the case, if not confident that's the case. With the properties we have, the projects we have in place. And what we see in the economy and the strong markets we have, I'm really -- I'm really excited and glad where -- with what we have, where we have and the team we have working on. So thank you all very much for your interest.
Operator
[Operator Closing Remarks]
Duration: 42 minutes
Call participants:
Adam Wyll -- President and Chief Operating Officer
Ernest Rady -- Chairman and Chief Executive Officer
Robert Barton -- Executive Vice President and Chief Financial Officer
Steve Center -- Vice President of Office Properties
Jerry Gammieri -- Vice President of Construction and Development
Abigail Rex -- Director, Multifamily, San Diego
Ravi Vaidya -- KeyBanc Capital Markets -- Analyst
Yufei Jiang -- Mizuho -- Analyst
Adam Kramer -- Morgan Stanley -- Analyst
Victoria Francis -- Bank of America -- Analyst
Tammy Feet -- Wells Fargo Securities -- Analyst
More AAT analysis
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust Reit Inc (NYSE: AAT) Q3 2021 Earnings Call Oct 27, 2021, 11:00 a.m. Operator [Operator Closing Remarks] Duration: 42 minutes Call participants: Adam Wyll -- President and Chief Operating Officer Ernest Rady -- Chairman and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Jerry Gammieri -- Vice President of Construction and Development Abigail Rex -- Director, Multifamily, San Diego Ravi Vaidya -- KeyBanc Capital Markets -- Analyst Yufei Jiang -- Mizuho -- Analyst Adam Kramer -- Morgan Stanley -- Analyst Victoria Francis -- Bank of America -- Analyst Tammy Feet -- Wells Fargo Securities -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. We knew at the onset of the pandemic that we would not be impervious to its economic impact, but we were confident that the high-quality, irreplaceable properties and asset class diversity of our portfolio, combined with the strength of our balance sheet and ample liquidity would help us pull through and maybe even come out on the other side better off than at the beginning. | Operator [Operator Closing Remarks] Duration: 42 minutes Call participants: Adam Wyll -- President and Chief Operating Officer Ernest Rady -- Chairman and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Jerry Gammieri -- Vice President of Construction and Development Abigail Rex -- Director, Multifamily, San Diego Ravi Vaidya -- KeyBanc Capital Markets -- Analyst Yufei Jiang -- Mizuho -- Analyst Adam Kramer -- Morgan Stanley -- Analyst Victoria Francis -- Bank of America -- Analyst Tammy Feet -- Wells Fargo Securities -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Reit Inc (NYSE: AAT) Q3 2021 Earnings Call Oct 27, 2021, 11:00 a.m. Second, Alamo Quarry in San Antonio added approximately $0.017 of FFO per share in Q3, resulting from 2019 and 2020 real estate tax refunds received during the third quarter of 2021, which reduced Alamo Quarry's real estate tax expense. | Operator [Operator Closing Remarks] Duration: 42 minutes Call participants: Adam Wyll -- President and Chief Operating Officer Ernest Rady -- Chairman and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Jerry Gammieri -- Vice President of Construction and Development Abigail Rex -- Director, Multifamily, San Diego Ravi Vaidya -- KeyBanc Capital Markets -- Analyst Yufei Jiang -- Mizuho -- Analyst Adam Kramer -- Morgan Stanley -- Analyst Victoria Francis -- Bank of America -- Analyst Tammy Feet -- Wells Fargo Securities -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Reit Inc (NYSE: AAT) Q3 2021 Earnings Call Oct 27, 2021, 11:00 a.m. Meanwhile, we are encouraged by our approximately 97% collection percentage in Q3, increased leasing activity across all asset classes, fewer tenant failures and bankruptcies than we expected and many modified leases hitting percentage rent thresholds sooner than expected and are collecting of approximately 96% of deferred rents due during the third quarter, all validating the strategies we implemented during COVID to support our struggling retailers through the government-mandated closures as we are fortunate to have the financial ability to do so. | Operator [Operator Closing Remarks] Duration: 42 minutes Call participants: Adam Wyll -- President and Chief Operating Officer Ernest Rady -- Chairman and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Jerry Gammieri -- Vice President of Construction and Development Abigail Rex -- Director, Multifamily, San Diego Ravi Vaidya -- KeyBanc Capital Markets -- Analyst Yufei Jiang -- Mizuho -- Analyst Adam Kramer -- Morgan Stanley -- Analyst Victoria Francis -- Bank of America -- Analyst Tammy Feet -- Wells Fargo Securities -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Reit Inc (NYSE: AAT) Q3 2021 Earnings Call Oct 27, 2021, 11:00 a.m. On the multifamily front as of quarter end, we were 96% leased at Hassalo in Portland, and 98% leased in San Diego multifamily portfolio. |
20982.0 | 2021-10-07 00:00:00 UTC | Investing in American Assets Trust (NYSE:AAT) a year ago would have delivered you a 58% gain | AAT | https://www.nasdaq.com/articles/investing-in-american-assets-trust-nyse%3Aaat-a-year-ago-would-have-delivered-you-a-58-gain | nan | nan | If you want to compound wealth in the stock market, you can do so by buying an index fund. But one can do better than that by picking better than average stocks (as part of a diversified portfolio). For example, the American Assets Trust, Inc. (NYSE:AAT) share price is up 53% in the last 1 year, clearly besting the market return of around 26% (not including dividends). If it can keep that out-performance up over the long term, investors will do very well! Having said that, the longer term returns aren't so impressive, with stock gaining just 2.4% in three years.
Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
Over the last twelve months, American Assets Trust actually shrank its EPS by 60%.
Given the share price gain, we doubt the market is measuring progress with EPS. Indeed, when EPS is declining but the share price is up, it often means the market is considering other factors.
Unfortunately American Assets Trust's fell 8.9% over twelve months. So using a snapshot of key business metrics doesn't give us a good picture of why the market is bidding up the stock.
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
NYSE:AAT Earnings and Revenue Growth October 7th 2021
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. If you are thinking of buying or selling American Assets Trust stock, you should check out this free report showing analyst profit forecasts.
What About Dividends?
It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of American Assets Trust, it has a TSR of 58% for the last 1 year. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.
A Different Perspective
It's good to see that American Assets Trust has rewarded shareholders with a total shareholder return of 58% in the last twelve months. Of course, that includes the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 1.3% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with American Assets Trust (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process.
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | NYSE:AAT Earnings and Revenue Growth October 7th 2021 It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. For example, the American Assets Trust, Inc. (NYSE:AAT) share price is up 53% in the last 1 year, clearly besting the market return of around 26% (not including dividends). If you are thinking of buying or selling American Assets Trust stock, you should check out this free report showing analyst profit forecasts. | For example, the American Assets Trust, Inc. (NYSE:AAT) share price is up 53% in the last 1 year, clearly besting the market return of around 26% (not including dividends). NYSE:AAT Earnings and Revenue Growth October 7th 2021 It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. | For example, the American Assets Trust, Inc. (NYSE:AAT) share price is up 53% in the last 1 year, clearly besting the market return of around 26% (not including dividends). NYSE:AAT Earnings and Revenue Growth October 7th 2021 It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. It is important to consider the total shareholder return, as well as the share price return, for any given stock. | For example, the American Assets Trust, Inc. (NYSE:AAT) share price is up 53% in the last 1 year, clearly besting the market return of around 26% (not including dividends). NYSE:AAT Earnings and Revenue Growth October 7th 2021 It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. Having said that, the longer term returns aren't so impressive, with stock gaining just 2.4% in three years. |
20983.0 | 2021-09-14 00:00:00 UTC | American Assets Trust Reaches Analyst Target Price | AAT | https://www.nasdaq.com/articles/american-assets-trust-reaches-analyst-target-price-2021-09-14 | nan | nan | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $39.49/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 3 different analyst targets within the Zacks coverage universe contributing to that average for American Assets Trust Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $33.00. And then on the other side of the spectrum one analyst has a target as high as $44.00. The standard deviation is $5.5.
But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover American Assets Trust Inc:
RECENT AAT ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 1 1 1 1
Buy ratings: 0 0 0 0
Hold ratings: 1 1 1 1
Sell ratings: 1 1 1 1
Strong sell ratings: 0 0 0 0
Average rating: 2.67 2.67 2.67 2.67
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on AAT — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $39.49/share. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $39.49/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $39.49/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $38.50, changing hands for $39.49/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $38.50/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $38.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? |
20984.0 | 2021-09-07 00:00:00 UTC | Ex-Dividend Reminder: CNO Financial Group, American Assets Trust and Brightsphere Investment Group | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-cno-financial-group-american-assets-trust-and-brightsphere | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 9/9/21, CNO Financial Group Inc (Symbol: CNO), American Assets Trust Inc (Symbol: AAT), and Brightsphere Investment Group Inc (Symbol: BSIG) will all trade ex-dividend for their respective upcoming dividends. CNO Financial Group Inc will pay its quarterly dividend of $0.13 on 9/24/21, American Assets Trust Inc will pay its quarterly dividend of $0.30 on 9/23/21, and Brightsphere Investment Group Inc will pay its quarterly dividend of $0.01 on 9/24/21. As a percentage of CNO's recent stock price of $23.68, this dividend works out to approximately 0.55%, so look for shares of CNO Financial Group Inc to trade 0.55% lower — all else being equal — when CNO shares open for trading on 9/9/21. Similarly, investors should look for AAT to open 0.75% lower in price and for BSIG to open 0.04% lower, all else being equal.
Below are dividend history charts for CNO, AAT, and BSIG, showing historical dividends prior to the most recent ones declared.
CNO Financial Group Inc (Symbol: CNO):
American Assets Trust Inc (Symbol: AAT):
Brightsphere Investment Group Inc (Symbol: BSIG):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.20% for CNO Financial Group Inc, 3.00% for American Assets Trust Inc, and 0.15% for Brightsphere Investment Group Inc.
In Tuesday trading, CNO Financial Group Inc shares are currently down about 0.2%, American Assets Trust Inc shares are up about 0.5%, and Brightsphere Investment Group Inc shares are off about 0.3% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 9/9/21, CNO Financial Group Inc (Symbol: CNO), American Assets Trust Inc (Symbol: AAT), and Brightsphere Investment Group Inc (Symbol: BSIG) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 0.75% lower in price and for BSIG to open 0.04% lower, all else being equal. Below are dividend history charts for CNO, AAT, and BSIG, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 9/9/21, CNO Financial Group Inc (Symbol: CNO), American Assets Trust Inc (Symbol: AAT), and Brightsphere Investment Group Inc (Symbol: BSIG) will all trade ex-dividend for their respective upcoming dividends. CNO Financial Group Inc (Symbol: CNO): American Assets Trust Inc (Symbol: AAT): Brightsphere Investment Group Inc (Symbol: BSIG): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.75% lower in price and for BSIG to open 0.04% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 9/9/21, CNO Financial Group Inc (Symbol: CNO), American Assets Trust Inc (Symbol: AAT), and Brightsphere Investment Group Inc (Symbol: BSIG) will all trade ex-dividend for their respective upcoming dividends. CNO Financial Group Inc (Symbol: CNO): American Assets Trust Inc (Symbol: AAT): Brightsphere Investment Group Inc (Symbol: BSIG): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.75% lower in price and for BSIG to open 0.04% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 9/9/21, CNO Financial Group Inc (Symbol: CNO), American Assets Trust Inc (Symbol: AAT), and Brightsphere Investment Group Inc (Symbol: BSIG) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 0.75% lower in price and for BSIG to open 0.04% lower, all else being equal. Below are dividend history charts for CNO, AAT, and BSIG, showing historical dividends prior to the most recent ones declared. |
20985.0 | 2021-09-07 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for September 08, 2021 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc.-aat-ex-dividend-date-scheduled-for-september-08-2021-2021-09-07 | nan | nan | American Assets Trust, Inc. (AAT) will begin trading ex-dividend on September 08, 2021. A cash dividend payment of $0.3 per share is scheduled to be paid on September 23, 2021. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 7.14% increase over prior dividend payment. At the current stock price of $39.79, the dividend yield is 3.02%.
The previous trading day's last sale of AAT was $39.79, representing a -1.29% decrease from the 52 week high of $40.31 and a 91.94% increase over the 52 week low of $20.73.
AAT is a part of the Consumer Services sector, which includes companies such as Prologis, Inc. (PLD) and Crown Castle International Corporation (CCI). AAT's current earnings per share, an indicator of a company's profitability, is $.3. Zacks Investment Research reports AAT's forecasted earnings growth in 2021 as .79%, compared to an industry average of 7.1%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAT through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAT as a top-10 holding:
Direxion Daily Real Estate Bull 3x Shares (AAT).
The top-performing ETF of this group is DRN with an increase of 61.62% over the last 100 days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. AAT is a part of the Consumer Services sector, which includes companies such as Prologis, Inc. (PLD) and Crown Castle International Corporation (CCI). Zacks Investment Research reports AAT's forecasted earnings growth in 2021 as .79%, compared to an industry average of 7.1%. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. AAT's current earnings per share, an indicator of a company's profitability, is $.3. American Assets Trust, Inc. (AAT) will begin trading ex-dividend on September 08, 2021. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. The following ETF(s) have AAT as a top-10 holding: Direxion Daily Real Estate Bull 3x Shares (AAT). | AAT's current earnings per share, an indicator of a company's profitability, is $.3. American Assets Trust, Inc. (AAT) will begin trading ex-dividend on September 08, 2021. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. |
20986.0 | 2021-08-08 00:00:00 UTC | Ernest Rady Is The Chairman & CEO of American Assets Trust, Inc. (NYSE:AAT) And Just Spent US$1.1m On Shares | AAT | https://www.nasdaq.com/articles/ernest-rady-is-the-chairman-ceo-of-american-assets-trust-inc.-nyse%3Aaat-and-just-spent-us%241 | nan | nan | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$1.1m worth of stock, at a price of US$36.76. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.4%.
The Last 12 Months Of Insider Transactions At American Assets Trust
In fact, the recent purchase by Chairman & CEO Ernest Rady was not their only acquisition of American Assets Trust shares this year. They previously made an even bigger purchase of US$1.9m worth of shares at a price of US$35.37 per share. So it's clear an insider wanted to buy, at around the current price, which is US$37.93. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for American Assets Trust share holders is that an insider was buying at near the current price. Ernest Rady was the only individual insider to buy during the last year.
Ernest Rady purchased 287.69k shares over the year. The average price per share was US$32.92. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
NYSE:AAT Insider Trading Volume August 8th 2021
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does American Assets Trust Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that American Assets Trust insiders own 10% of the company, worth about US$301m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About American Assets Trust Insiders?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about American Assets Trust. Nice! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 3 warning signs for American Assets Trust (of which 1 is a bit unpleasant!) you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$1.1m worth of stock, at a price of US$36.76. NYSE:AAT Insider Trading Volume August 8th 2021 There are plenty of other companies that have insiders buying up shares. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.4%. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$1.1m worth of stock, at a price of US$36.76. NYSE:AAT Insider Trading Volume August 8th 2021 There are plenty of other companies that have insiders buying up shares. The Last 12 Months Of Insider Transactions At American Assets Trust In fact, the recent purchase by Chairman & CEO Ernest Rady was not their only acquisition of American Assets Trust shares this year. | NYSE:AAT Insider Trading Volume August 8th 2021 There are plenty of other companies that have insiders buying up shares. American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$1.1m worth of stock, at a price of US$36.76. The Last 12 Months Of Insider Transactions At American Assets Trust In fact, the recent purchase by Chairman & CEO Ernest Rady was not their only acquisition of American Assets Trust shares this year. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Ernest Rady, recently bought a whopping US$1.1m worth of stock, at a price of US$36.76. NYSE:AAT Insider Trading Volume August 8th 2021 There are plenty of other companies that have insiders buying up shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. |
20987.0 | 2021-08-06 00:00:00 UTC | American Assets Trust Reaches Analyst Target Price | AAT | https://www.nasdaq.com/articles/american-assets-trust-reaches-analyst-target-price-2021-08-06 | nan | nan | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $37.00, changing hands for $37.60/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 3 different analyst targets within the Zacks coverage universe contributing to that average for American Assets Trust Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $31.00. And then on the other side of the spectrum one analyst has a target as high as $44.00. The standard deviation is $6.557.
But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $37.00/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $37.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover American Assets Trust Inc:
RECENT AAT ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 1 1 1 1
Buy ratings: 0 0 0 0
Hold ratings: 1 1 1 2
Sell ratings: 1 1 1 1
Strong sell ratings: 0 0 0 0
Average rating: 2.67 2.67 2.67 2.75
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on AAT — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $37.00, changing hands for $37.60/share. And so with AAT crossing above that average target price of $37.00/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $37.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $37.00, changing hands for $37.60/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $37.00/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $37.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | And so with AAT crossing above that average target price of $37.00/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $37.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $37.00, changing hands for $37.60/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of American Assets Trust Inc (Symbol: AAT) have crossed above the average analyst 12-month target price of $37.00, changing hands for $37.60/share. But the whole reason to look at the average AAT price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAT crossing above that average target price of $37.00/share, investors in AAT have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $37.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? |
20988.0 | 2021-07-28 00:00:00 UTC | American Assets Trust Reit Inc (AAT) Q2 2021 Earnings Call Transcript | AAT | https://www.nasdaq.com/articles/american-assets-trust-reit-inc-aat-q2-2021-earnings-call-transcript-2021-07-28 | nan | nan | Image source: The Motley Fool.
American Assets Trust Reit Inc (NYSE: AAT)
Q2 2021 Earnings Call
Jul 28, 2021, 11:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Q2 2021 American Assets Trust, Inc. Earnings Call. [Operator Instructions] I would now like to turn the call over to your host, Adam Wyll, you may begin.
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Adam Wyll -- President & Chief Operating Officer
Thank you, operator. Good morning, everyone. Welcome to American Assets Trust, Inc. second quarter 2021earnings call Yesterday afternoon, our earnings release and supplemental information were furnished to the SEC on Form 8-K. Both are now available on the Investors section of our website, americanassetstrust.com. A telephonic replay and on-demand webcast will also be available for this call over the next week. During this call, we will discuss non-GAAP financial measures, which are reconciled to our GAAP financial results in our earnings release and supplemental information. We will also be making forward-looking statements based on our current expectations, which statements are subject to risks and uncertainties discussed in our SEC filings. You are cautioned not to place undue reliance on these forward-looking statements. Actual events could cause our results to differ materially from these forward-looking statements for a number of reasons, including, as it may relate to the continuing impact from COVID-19. And with that, I'll turn the call over to Ernest Rady, our Chairman and CEO, to begin the discussion of our second quarter 2021 results. Ernest?
Ernest Sylvan Rady -- Chairman & Chief Executive Officer
Thanks, Adam. And good morning, everyone. We are making great progress on all fronts as we focus our efforts on our rebound from COVID-19's impact, by enhancing and amenitizing existing properties, acquiring new accretive properties like Eastgate Office Park in Bellevue, which the team will talk about more in a bit, retaining and adding new customers to our portfolio, furthering our development of La Jolla Commons of which we recently bottomed out our excavation and otherwise remain on time and on budget and of course, growing our earnings and net asset value for our stockholders. We have been through hard time before, and each time we have emerged stronger, which remains our expectations in mind now. I want to mention that the Board of Directors has approved the quarterly dividend of $0.30 per share for the third quarter, an increase of $0.02 per share or 7% from the second quarter, which is, we believe, is supported by our increased collection efforts in the second quarter, improving traffic in Waikiki at our Embassy Suites and our expectation for operations to continue trending favorably in the near term.
I'm also pleased to announce that the Board has appointed Adam Wyll, to the position of President in addition to his Chief Operating Officer role and title. As many of you know, Adam is a valuable and hard-working member of our executive team. And this title describes the breadth of responsibilities and leadership that he has successfully taken on, prior to and during the pandemic. As well as the confidence, our board and myself and our management team has in him to manage, in partnership with our excellent executive team, the day-to-day operations of AAT. I personally am blessed with excellent health, and this company is very important to me. I intend to continue my role as chairman and CEO for the foreseeable future.
However, it is very important to our board, myself and shareholders that you know this company will always remain in very capable hands and that we are fortunate to have such a great management team and group of associates at AAT, all of whom work together as we continue on as a best in classes, class REIT. Adam, Bob and Steve will go into more detail on our various asset management segments, collections and financial results and will be available for any questions you may have at the conclusion of our prepared remarks. On behalf of all of American Assets Trust, we thank you for your confidence in allowing us to manage your company and for your continued support, now more than ever. And now I'm going to return it back to our newly elected president, Adam.
Adam Wyll -- President & Chief Operating Officer
Thanks, Ernest. I very much appreciate the kind words and leadership opportunities, none of which would have been possible without your mentorship, not to mention the daily collaboration with such an incredible management team and top-notch team members and colleagues. We continue to feel bullish about our portfolio, particularly with government restrictions lifted in all of our mainland markets in Hawaii, having lightened its reopening restrictions considerably. And we are seeing firsthand consumer behavior reverting to pre-pandemic levels with packed parking lots and tons of shoppers at all our retail properties. We're already seeing many of our retailers with gross sales above pre-pandemic levels in our restaurants recovering, which is obviously very encouraging. Our collections have continued to improve each quarter with a collection rate north of 96% for the second quarter. Furthermore, we had approximately $850,000 of deferred rent due from tenants in Q2 based on COVID-19 related lease modifications.
And we have collected approximately 94% of those deferred amounts, further validating our strategy of supporting our struggling retailers through the government-mandated closures. Remaining collection challenges at this point are primarily with a handful of local retailers at our Waikiki Beach Walk property. But with Hawaii tourism back in large numbers, we think we'll have an opportunity to rebound, to be viable long term, even more so once Asian countries relax their travel restrictions to Hawaii later this year or early next. Additionally, we are seeing positive activity engagement with new retailers, including mid box retailers. About half of our over 250,000 square feet of vacant retail space or in lease negotiations or LOI stage, deals that we believe we have a good likelihood of being finalized. And the vast majority of our retailers are renewing their leases at flat to modest rent increases.
On the multifamily front, with new management in place at Hassalo, we are currently 99% leased and asking rents are trending up almost 20% since December 2020. The multifamily collections have been more challenging in Portland due to eviction protection still in place through the next month or so. But we are doing everything we can to stay on top of that, which include government rental assistance programs that we expect meaningful disbursements from soon. In San Diego, our multifamily properties are currently 97% leased, and we have leased approximately 90% of the 133 master lease units that expired less than two months ago and expect the remaining to be leased over the next few weeks. Asking rents at our multifamily properties are trending up as well in San Diego, almost 10% since December 2020. With that, I'll turn the call over to Bob, to discuss Q2 financial results in more detail.
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
Good morning, and thank you, Ernest and Adam. Last night, we reported second quarter 2021 FFO per share of $0.51 and second quarter '21 net income attributable to common stockholders per share of $0.15. From my perspective, I believe we are seeing the beginning of the recovery story for AAT that we have been talking about for the last six months with embedded growth into 2022 and beyond, as we have previously shared with you on our bridge in our investor presentations, which you can find on our website. Let me share with you several data points that support my belief. First, as Ernest previously mentioned, the Board has approved an increase in the dividend to its pre-COVID amount of $0.30 per share based on the continued improvement in our collections as expected, but the overriding factor was the strong results we are seeing at the Embassy Suites Hotel in Waikiki beginning in mid-June and increasing into July with a strong pent-up demand. Q2 paid occupancy was 67%, and the month of June by itself reached approximately 83%.
The average daily rate was $274 for Q2 and approximately $316 for the month of June. RevPAR or revenue per available room was $184 for Q2 and approximately $262 for the month of June. It is definitely heading in the right direction. Effective July 8, all travellers entering into Hawaii who are vaccinated in the U.S. can skip quarantine without getting a pre-travel COVID test by uploading proof of their vaccination to the state of Hawaii safe travel website. The Oahu is still under tier five of its reopening plan until Hawaii's total population is 70% fully vaccinated, which should occur in the next month or two. Bars and restaurants in Oahu can be at 100% capacity as long as all customers show their vaccination card or a negative COVID test on entry. The Japanese wholesale market had accounted for approximately 35% to 40% of our customer base pre-COVID. Japan is currently just 9% fully vaccinated. Though with its current pace of over one million vaccines a day, Japan is expected to be completing vaccinations by this November and to start issuing vaccine passports in the next 30 days, in anticipation of opening up international travel. In the meantime, there is a pent-up demand from U.S. West and Canada that is expected to keep the hotel occupied and on track with this recovery.
Secondly, looking at our consolidated statement of operations for the three months ended June 30th, our total revenue increased approximately $7.8 million over Q1, which is approximately at 9.3% increase. Approximately 37% of that was the outperformance of the Embassy Suites Hotel as California and Hawaii began to open up travel. Additionally, our operating income increased approximately $6.3 million over Q1 '21, which is approximately an increase of 31%. Third, same-store cash NOI overall was strong at 23% year-over-year. With office consistently strong before, during and post COVID and retail showing strong signs of recovery. Multifamily was down primarily as a result of Pacific Ridge Apartments at 71% leased at the end of Q2 due to the recurring seasonality of students leaving in May, including the expiration of the USD master lease and new students leasing over the summer before school starts in late August. Generally, approximately 60% of our 533 units at Pacific Ridge are leased by students, with the USD campus right across the street.
As of this week, we are approximately 90% leased at Pacific Ridge with approximately 150 students moving in over the next several weeks in August. Hassalo on Eighth in the Lloyd District of Oregon is a 657 multifamily campus. At the end of Q1, occupancy was approximately 84% due to the lingering impact of COVID and political challenges in the prior months. As of Q2, we have increased the occupancy to approximately 95%. But in doing so, we had to adjust the rent and increase concessions. Pacific Ridge and Hassalo on Eighth are the two factors that impacted our multifamily same-store this quarter. As Adam mentioned, asking rates have been trending favorably on our multifamily properties recently, which we expect to provide meaningful growth going forward. Note that our same-store cash NOI does not include our mixed-use sector, which will return with Q3 and Q4 2021 after completing the renovation of the Embassy Suites Hotel during COVID.
And fourth, as previously disclosed, we acquired Eastgate Office Park on July 7th, comprised of approximately 280,000 square foot multi-tenant office campus, in the premier I-90 corridor submarket of Bellevue, Washington, one of the top-performing markets in the nation, the Eastside market is anchored by leading tech, life science, biotech and telecommunication companies. The four-building Eastgate Park is currently greater than 95% leased to a diversified tenant base with in-place contractual lease rates that we believe are 10% to 15% below prevailing market rates for the submarket. Additionally, Eastgate Park recently obtained municipal approval for rezoning, increasing the floor area ratio from 0.5 to 1.0, which will allow for additional development opportunities. The purchase price of approximately $125 million was paid with cash on the balance sheet.
The going-in cap rate was approximately 6% with an unlevered IRR north of 7%. We believe this transaction will be accretive to FFO by approximately $0.05 for the remainder of 2021 and $0.10 for the entire year of 2022. These four items are the data points that are pointing to the beginning of AAT's recovery story starting to unfold. One last point of interest is that on page 16 of the supplemental, total cash net operating income, which is a non-GAAP supplemental earnings measure, which the company considers meaningful in measuring its operating performance is shown for the three months, ended June 30, at approximately $58.7 million. If you use this as a run rate going forward, it would be approximately $234 million, which would exceed 2019 pre-COVID cash NOI of approximately $212 million. A reconciliation of total cash NOI to net income is included in the glossary of terms in the supplemental.
Moving on. At the end of the second quarter, we had liquidity of approximately $718 million, comprised of $368 million in cash and cash equivalents and $350 million of availability on our line of credit. Our leverage, which we measure in terms of net debt-to-EBITDA was 6.0 times. Our focus is to maintain our net debt-to-EBITDA at 5.5 times or below. Our interest coverage and fixed charge coverage ratio ended the quarter at 3.7 times. As far as guidance goes, we are in the middle of budget season now for 2022. We hope to begin issuing formal guidance again for 2022 on our Q3 '21earnings call I'll now turn the call over to Steve Center, our Vice President of Office Properties for a brief update on our office segment. Steve?
Steve Center -- Vice President of Office Properties
Thanks, Bob. At the end of the second quarter, excluding One Beach, which is under redevelopment, our office portfolio stood at approximately 93% leased with less than 1% expiring through the end of 2021. Our top 10 office tenants represented 51% of our total office-based rent. Given the quality of our assets and the strength of the markets in which they are located with technology and life science as the key market drivers, our office portfolio is poised to capitalize on improving dynamics, especially in Bellevue and San Diego. Q2 portfolio stats by region were as follows, our San Francisco and Portland office portfolios were stable at 100% and 96% leased, respectively. City Center Bellevue was 93% leased, net of a new amenity space under development, and San Diego is 91% leased, net of new amenity spaces being added to Torrey Reserve. We had continued success in Q2 preserving pre-COVID rental rates with, 13 comparable new and renewal leases, totalling approximately 50,000 rentable square feet, with an over 9% increased over prior rent on a cash basis, and almost 15% increase on a straight-line basis.
The weighted average lease term on these leases was 3.6 years, with just over $7 per rentable square foot in TIs and incentives. We experienced a modest small tenant attrition during the quarter due to COVID, resulting in a net loss of approximately 16,000 rentable square feet or less than 0.5 point of occupancy, none of which was lost to a competitor. Our outlook moving forward is one of positive net absorption with 200 proposal activity picking up significantly. At this point in time, we are seeing smaller tenants willing to commit to longer-term leases at favorable rental rates. Even more exciting is the push to return to the office in the emerging large tenant activity and competition for quality larger blocks of space in select markets, including San Diego and Bellevue, of which we have current availability and active prospects. Our continued strategic investments in our current portfolio will position us to capture more than our fair share of net absorption as the markets improve.
The renovation of two buildings at Torrey Reserve is near completion. We have aggregated large blocks of space to meet demand and take advantage of pricing power, and we have active large deals and negotiations on both buildings. The final phase of the renovation will include a new state of the art fitness complex and conference center, both serving the entire 14 building Torrey Reserve Campus. Construction is in full swing on the redevelopment of One Beach Street in San Francisco, delivering in the first half of 2022, and construction is nearly complete on the redevelopment of 710 Oregon Square in the Lloyd Submarket of Portland. One Beach will grow to over 103,000 square feet and 710 Organ Square will add another 32,000 square feet to the office portfolio.
As Ernest mentioned, construction is well underway on Tower three at La Jolla Commons with expected completion in Q2, Q3 of 2023, and we are encouraged by the emerging large tenant activity and competition for quality large blocks of space and UTC. Finally, leasing activity is robust for our upcoming availabilities at Eastgate Office Park in Suburban Bellevue, even prior to executing the exciting renovation plans under development to take this special property to the next level of quality and customer experience. In summary, our office portfolio is on offense as we move forward into the rest of 2021 and beyond. Operator, I'll now turn the call over to you for questions.
Questions and Answers:
Operator
[Operator Instructions] Our first question comes from Haendel St. Juste, with Mizuho.
Lydia -- Mizuho -- Analyst
Hi, this is Lydia on behalf of Haendel. Congratulations, Adam. My first question is, can you discuss the status of La Jolla Commons, your new UTC development and also the decision to build spec? And how are you thinking about the UTC market and expected returns?
Adam Wyll -- President & Chief Operating Officer
Why don't you handle the construction? And then Steve will handle the leasing opportunity.
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
Sure I think -- so right now, we are at the bottom of the hole, as Ernest mentioned earlier, and we are beginning the first phases of pouring our MAT foundations. To Ernest's point, we remain on schedule and on-time and on budget. Our first concrete pour is going to be over 3,500 cubic yards of concrete and almost 430,000 pounds of rebar. So there's a lot of work to do between now and August 14th, but we remain pretty confident in our ability to execute this. So --
Adam Wyll -- President & Chief Operating Officer
And I think as we pointed out before, we were fortunate enough to buy it during, buy it out during the last quarter of last year, and construction costs have escalated since, so that it would cost us more substantially if we were to buy it today. And Steve, why don't you describe your strategy of holding out for the right tenant?
Steve Center -- Vice President of Office Properties
Well, as we've said before, you have not only life science venture capital flowing into San Diego at record rates, but also technology venture capital is flowing in as well. You've got Apple, Amazon, Google, Facebook, you've got the big tech companies taking advantage of the quality student population that's -- we've been net exporters of talent for years and now these big companies are coming to take advantage of that. The market dynamics are in our favor. We're the only pure office development coming out of the ground. The rest of the new developments are life science or lab targeted buildings. Furthermore, in the three adjacent submarkets of Del Mar Heights, UTC and Serena Mesa, approximately three million square feet of office product has been or is being converted to lab. So that's taking away competing inventory. So we think we're well positioned to take advantage of that. The market demand continues to be strong for those big users and there's not going to be much available product as the prediction for 2023 when we're delivering this building to the marketplace. So we're confident we're going to do well in leasing that building.
Lydia -- Mizuho -- Analyst
And as a quick follow-up with office being the largest percent of ABR and NOI, are you at all worried about work from home and adding to your offices exposure at this time?
Adam Wyll -- President & Chief Operating Officer
I think our strategy is to be in markets that are buoyant. I think if we were in markets that were not buoyant, I would really have more concerns than we do now. But I think our strategy of having top-notch office in the best -- in some of the best markets in the country will allow us to perform better than many of the markets that will not perform as well because growth is growth, and we're in the path of growth. Anybody want to add anything to that?
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
I think you covered it well.
Adam Wyll -- President & Chief Operating Officer
Yeah. It's a good question, though. Everybody is asking what's going to happen when people return or don't return to office. It will be different, but I think that a well-located office in the path to growth will do extremely well, and that's our strategy.
Operator
Great, your next question comes from Todd Thomas with KeyBanc.
Todd Thomas -- KeyBanc -- Analyst
Hi, thanks.
Adam Wyll -- President & Chief Operating Officer
Morning, Todd.
Todd Thomas -- KeyBanc -- Analyst
Good morning. First question I have is on the mixed-use on the hotel and hotel retail. Bob, I appreciate the color on June, and it sounded like performance has continued into July. Can you just provide some additional detail around July and maybe talk about the outlook for August and September in terms of bookings and I guess the outlook for occupancy and rates?
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
Yeah, good morning Todd. In terms of the data points for July, we're still getting that in. But what we can see is we can see the pent-up demand. We can see the pace of bookings that are generally -- we can see -- we have a vision into about 90 days out. So July, August, September is the high season for the Embassy Suites Hotel. So it is seasonal, so then it will generally go down a little bit in the fourth quarter and then pick up at the end of December. But for July, August and September, we are expecting a similar, if not greater breakout at the Embassy that we've seen in just the last half of June.
Adam Wyll -- President & Chief Operating Officer
Just as additional color, if you recall, Todd, we used the pandemic downtime to refresh the rooms, paint the exterior and deal with its falling. So we're ready when the tourism market does recover, and we expect a strong recovery.
Todd Thomas -- KeyBanc -- Analyst
Okay. And I guess, how should we think about the results in the quarter? And I guess, sort of thinking about what you're experiencing there relative to what you were expecting for '21 or '22, when we look at that NOI bridge that you've provided, has the outlook for the mixed-use asset changed as we've moved further into the year?
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
Well, on that bridge that we've shared with our investors and research analysts over the last year or so is that -- we intend to update that at the next conference or the next presentation. But basically, my comment in there, Todd, was that if you look at the cash -- total cash NOI and you just use that to -- as a run rate, and you're about 238, and you can adjust that down for some nonrecurring collections that occurred in the second quarter. So even then -- even after the adjustments to that, you're still significantly higher than our 2019 cash NOI that we ended with. So really, all we're doing is say, hey this -- we are seeing the recovery. We are now ahead of 2019 pre-COVID cash NOI. And from here, we expect to build upon that.
Adam Wyll -- President & Chief Operating Officer
Bob's bridge has given me great confidence in saying that we're going to come out of this better off than ever. So here we come.
Todd Thomas -- KeyBanc -- Analyst
All right. And then on the -- in the retail portfolio, I was wondering if you could comment on the negative leasings. Spreads in the quarter and talk about the outlook for leasing going forward?
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
So, do you want to handle that.
Adam Wyll -- President & Chief Operating Officer
No. I just went out for a cup of coffee. Now go to the mens room.
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
Can you hear that Tom? Cause hes quiet away from the microphone.
Todd Thomas -- KeyBanc -- Analyst
Yeah. I was just looking for a little bit of detail in the negative [Indecipherable] retail segment of the quarter and if you can talk about the outlook there
Adam Wyll -- President & Chief Operating Officer
Majority of those numbers are -- as you know, because you're not buying that much quicksilver these days. Quicksilver has had some struggles out there at -- Beach Walk with us. So there lease was coming to an end, and we were having troubles with them. We replaced them with the First Hawaiian Bank and so there was a drop in the lease rate between those, because those rates were done at a time they were historically very high and so as we brought in the new lease rate with First Hawaiian Bank, there was a drop there. We also -- as I know you know Beach Walk in the middle of Beach Walk, we have Peter Lick Art Gallery there. That was also under historically a pretty high lease rate, and we had an opportunity to bring another quality gallery in to cover that space at a good market rate.
I don't remember exactly what it was, but to cover that whole, it would have been in our 50 yard line and we occupied it. So unfortunately, as leasing has picked up and things have definitely gotten better, when you take out a couple of key deals or lease rates, it can leave a mark. I was surprised at the market it left. But fortunately, I think that's a temporary event just because of the two being the [Indecipherable]. Also to what Chris was saying, Todd, is that when we replaced quicksilver on the endcap of Kalakaua and Waikiki Beach Walk and Waikiki -- the net impact of bringing in the bank was less than $0.005 of FFO. And the reason for that is because by replacing quicksilver, we also terminated our -- I think our -- we terminated the sublease that we had with the bank at that point in time, the sublease rent on that was $1.7 million a year. So that goes away.
So it's actually a win-win on that transaction. Just from a macro point of view, we've always said that 75% of all the properties in Hawaii are subject to a ground lease. We had one ground lease about the size of the room we're in now. Now 100% of our property has -- we have fee simple and titled. So a very high-quality portfolio.
Todd Thomas -- KeyBanc -- Analyst
Okay. And just looking ahead, are you expecting more roll downs within retail? Or do you think you're through that? It sounds like in retail, just more broadly, rents have firmed up and fundamentals have firmed up quite a bit. Are you seeing that across your retail portfolio as well?
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
Yes, Todd, for the most part, things are starting to stabilize. They're still going to be hit and miss. There's still some categories that are still suffering as we're going through the turbulence of COVID, which unfortunately is not over. But looking out, we're in pretty good shape, but there's still going to be a little bit of turbulence wnd I know you've been to our Beach Walk property and out there in Hawaii, but it really is an impressive rebound that we're seeing. I'm pretty bullish. I will say as we sit in this new conference room when I look out on that freeway, and I see it get more and more jammed with school coming back on and back-to-school is coming up. It's going to be a very big quarter for retailers. So I'm very bullish compared to what I've seen a year ago.
Todd Thomas -- KeyBanc -- Analyst
All right. Thank you.
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
Thank you Todd. Thank you for your interest.
Operator
Our next question comes from Craig Schmidt with Bank of America.
Adam Wyll -- President & Chief Operating Officer
Good morning Craig.
Craig Schmidt -- Bank of America -- Analyst
Thank you. Good morning. I was wondering when you think occupancy may return to 4Q '19 levels by the different sectors?
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
For which property you're talking about?
Craig Schmidt -- Bank of America -- Analyst
I just meant from the retail multifamily.
Adam Wyll -- President & Chief Operating Officer
All the properties --
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
Well, multifamily is going to be there. It's almost there now as a matter, now. Yes. One of our properties, which we're repositioning, is 100% leased. We have the move-ins at Pacific Ridge, Portland, your guess is as good as mine, but things are getting better and not worse, which is the right direction. As far as office goes, we've never had a decline really in occupancy to speak of. If anything, it's on the upswing. We've had some attrition over the last year, and I can go into detail on that, but if you want. So looking from Q2 '21 to Q2 '20, it was about 139,000 feet of attrition, about 21,000 feet or amenity spaces that will be absorbed, if you will, in the next two quarters, we're taking spaces and adding amenities to buildings. But we've remeasured buildings as well. We just remeasured two projects in our portfolio. One is growing by 26,000 feet, and the other is growing by 11,000 feet.
So that will work itself out, some was just transition or strategic. But in terms of losing tenants, we had 23 tenants averaging 4,000 feet that either downsized in place or left, about a third was related to COVID, but two-thirds was what I'll call cycle, it's part of the office cycle. So we had a big institutional financial firm at City Center Bellevue, that had been a 4.5 for over 20 years. They renewed their lease at rents that were 65% higher on one floor, and they just gave back in June, a 9,400 foot suite on the 20th floor, and we're actively touring that space right now. And we think we're going to achieve the $65 rent versus a $39 ending rent. So these vacancies, part of the business cycle provide opportunity to ratchet rents up further. That's why you see our NOI continue to grow, even though we've had some attrition and square footage leased. So that's kind of the take line. It's been largely smaller tenants.
We had another law firm, the two named partners decided to retire after 40 years. The silver lining of that is they vacated 16,000 feet and we did a new 5,000-foot lease with their younger partners. So our portfolio is solid. We have great assets, and we continue to generate increasing rents even through COVID. And it's -- as I said in our remarks, I expect net absorption in our office portfolio moving forward, substantial net absorption. So we're bullish.
Ernest Sylvan Rady -- Chairman & Chief Executive Officer
I think that strategy is going to produce substantial shareholder accretion to value, and that's our strategy. In order to achieve these increased rents, we have improved the properties and we manage the properties better, thanks to Steve's leadership. So we're optimistic about our office and are putting our money where a [Indecipherable], as they say in French. And Sulli, you want to answer something on retail?
Christopher E. Sullivan -- Vice President of Retail Properties
I mean it's a steady client. But I can't say when we're going to recover to where we were in Q4 '19. It could be a year out, a year and a half, sometimes it's one step forward, two steps back, three steps forward, one step back. Just it's going to revolve on consumer spending, which I think will be good. But it will get there.
Ernest Sylvan Rady -- Chairman & Chief Executive Officer
Our retail properties are well positioned. Our management in spite of trip, is excellent. And I say that in retail, we'll do as well as anybody because of A, the management and B, the locations. So if you look at the industry, and we'll do as well as anybody in the industry. And of course, you know as well as I, that there's a fair amount of uncertainty.
Craig Schmidt -- Bank of America -- Analyst
And then just maybe just a little more color. Is there enough pent-up demand on domestic travel to Hawaii to make up for Japan, which doesn't sound like it could get really started until November or later. But it sounds like just given the short time of the reopening, you've done so well. I'm just wondering if you think there is enough domestic demand to compensate for the absence of Japan?
Ernest Sylvan Rady -- Chairman & Chief Executive Officer
Well, that Embassy Suites has been a very pleasant surprise. During the COVID, it broke even. And that was so much better than all of us expected. There has been a rebound now from domestic demand. But the way I describe domestic demand, that's the cake. The icing on the cake is Asia. And so as that unfolds, we will return to pre-COVID levels.
Steve Center -- Vice President of Office Properties
Yes. Let me add to that, Craig, is that yes, to answer your question, yes, there is sufficient demand on U.S. West and Canada to maintain a high 80% occupancy. Our strategy at the Embassy is to keep it around 87%, 88% occupancy, and then we push rate and there's less -- what I want to call it -- it's less worrying on the host, if you have 100% occupied. If you have something 100% occupied, whether it's a hotel or apartments, you're not charging enough and so we keep it at 88%, for the most part and then push the rate, but June was all U.S. West. And I can see on our star report, and I can see in our bookings, 90 days out, that's where it continues to be.
Craig Schmidt -- Bank of America -- Analyst
Great. Thanks for the color guys. Bye.
Adam Wyll -- President & Chief Operating Officer
Thank you, Craig.
Operator
And I'm not showing any further questions at this time. I'd like to turn the call over to our Chairman, Ernest Rady, for any closing remarks.
Ernest Sylvan Rady -- Chairman & Chief Executive Officer
Again, thanks for your patience. We're glad to have the dividend back to where it was pre-COVID. We wish we didn't have to go through this COVID and reduce that dividend. We're glad to have it back. We were upset that we had to, but we thought that survival was -- and conserving the cash was most important. As you all know, we had a bond offering, which is 4.5 times oversubscribed. We now have substantial liquidity. We look forward to employing it in projects that will continue to increase our net asset value and shareholder wealth. Thank you for your confidence, and we look forward to a great future. Thank you.
Operator
[Operators Closing Remarks]
Duration: 39 minutes
Call participants:
Adam Wyll -- President & Chief Operating Officer
Ernest Sylvan Rady -- Chairman & Chief Executive Officer
Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer
Steve Center -- Vice President of Office Properties
Christopher E. Sullivan -- Vice President of Retail Properties
Lydia -- Mizuho -- Analyst
Todd Thomas -- KeyBanc -- Analyst
Craig Schmidt -- Bank of America -- Analyst
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust Reit Inc (NYSE: AAT) Q2 2021 Earnings Call Jul 28, 2021, 11:00 a.m. As well as the confidence, our board and myself and our management team has in him to manage, in partnership with our excellent executive team, the day-to-day operations of AAT. However, it is very important to our board, myself and shareholders that you know this company will always remain in very capable hands and that we are fortunate to have such a great management team and group of associates at AAT, all of whom work together as we continue on as a best in classes, class REIT. | Operator [Operators Closing Remarks] Duration: 39 minutes Call participants: Adam Wyll -- President & Chief Operating Officer Ernest Sylvan Rady -- Chairman & Chief Executive Officer Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer Steve Center -- Vice President of Office Properties Christopher E. Sullivan -- Vice President of Retail Properties Lydia -- Mizuho -- Analyst Todd Thomas -- KeyBanc -- Analyst Craig Schmidt -- Bank of America -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Reit Inc (NYSE: AAT) Q2 2021 Earnings Call Jul 28, 2021, 11:00 a.m. As well as the confidence, our board and myself and our management team has in him to manage, in partnership with our excellent executive team, the day-to-day operations of AAT. | Operator [Operators Closing Remarks] Duration: 39 minutes Call participants: Adam Wyll -- President & Chief Operating Officer Ernest Sylvan Rady -- Chairman & Chief Executive Officer Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer Steve Center -- Vice President of Office Properties Christopher E. Sullivan -- Vice President of Retail Properties Lydia -- Mizuho -- Analyst Todd Thomas -- KeyBanc -- Analyst Craig Schmidt -- Bank of America -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Reit Inc (NYSE: AAT) Q2 2021 Earnings Call Jul 28, 2021, 11:00 a.m. As well as the confidence, our board and myself and our management team has in him to manage, in partnership with our excellent executive team, the day-to-day operations of AAT. | Operator [Operators Closing Remarks] Duration: 39 minutes Call participants: Adam Wyll -- President & Chief Operating Officer Ernest Sylvan Rady -- Chairman & Chief Executive Officer Robert F. Barton -- Executive Vice President, Treasurer & Chief Financial Officer Steve Center -- Vice President of Office Properties Christopher E. Sullivan -- Vice President of Retail Properties Lydia -- Mizuho -- Analyst Todd Thomas -- KeyBanc -- Analyst Craig Schmidt -- Bank of America -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Reit Inc (NYSE: AAT) Q2 2021 Earnings Call Jul 28, 2021, 11:00 a.m. As well as the confidence, our board and myself and our management team has in him to manage, in partnership with our excellent executive team, the day-to-day operations of AAT. |
20989.0 | 2021-06-08 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for June 09, 2021 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc.-aat-ex-dividend-date-scheduled-for-june-09-2021-2021-06-08 | nan | nan | American Assets Trust, Inc. (AAT) will begin trading ex-dividend on June 09, 2021. A cash dividend payment of $0.28 per share is scheduled to be paid on June 24, 2021. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 40% increase over prior dividend payment. At the current stock price of $38.39, the dividend yield is 2.92%.
The previous trading day's last sale of AAT was $38.39, representing a -0.95% decrease from the 52 week high of $38.76 and a 85.19% increase over the 52 week low of $20.73.
AAT is a part of the Consumer Services sector, which includes companies such as Prologis, Inc. (PLD) and Equinix, Inc. (EQIX). AAT's current earnings per share, an indicator of a company's profitability, is $.28. Zacks Investment Research reports AAT's forecasted earnings growth in 2021 as -6.88%, compared to an industry average of 2.6%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAT through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAT as a top-10 holding:
Direxion Daily Real Estate Bull 3x Shares (DRN).
The top-performing ETF of this group is DRN with an increase of 97.89% over the last 100 days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AAT is a part of the Consumer Services sector, which includes companies such as Prologis, Inc. (PLD) and Equinix, Inc. (EQIX). Zacks Investment Research reports AAT's forecasted earnings growth in 2021 as -6.88%, compared to an industry average of 2.6%. The following ETF(s) have AAT as a top-10 holding: Direxion Daily Real Estate Bull 3x Shares (DRN). | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. AAT's current earnings per share, an indicator of a company's profitability, is $.28. American Assets Trust, Inc. (AAT) will begin trading ex-dividend on June 09, 2021. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAT was $38.39, representing a -0.95% decrease from the 52 week high of $38.76 and a 85.19% increase over the 52 week low of $20.73. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | AAT's current earnings per share, an indicator of a company's profitability, is $.28. American Assets Trust, Inc. (AAT) will begin trading ex-dividend on June 09, 2021. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. |
20990.0 | 2021-06-07 00:00:00 UTC | Ex-Dividend Reminder: CME Group, American Assets Trust and Meta Financial Group | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-cme-group-american-assets-trust-and-meta-financial-group-2021-06-07 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 6/9/21, CME Group (Symbol: CME), American Assets Trust Inc (Symbol: AAT), and Meta Financial Group Inc (Symbol: CASH) will all trade ex-dividend for their respective upcoming dividends. CME Group will pay its quarterly dividend of $0.90 on 6/25/21, American Assets Trust Inc will pay its quarterly dividend of $0.28 on 6/24/21, and Meta Financial Group Inc will pay its quarterly dividend of $0.05 on 7/1/21. As a percentage of CME's recent stock price of $219.24, this dividend works out to approximately 0.41%, so look for shares of CME Group to trade 0.41% lower — all else being equal — when CME shares open for trading on 6/9/21. Similarly, investors should look for AAT to open 0.74% lower in price and for CASH to open 0.09% lower, all else being equal.
Below are dividend history charts for CME, AAT, and CASH, showing historical dividends prior to the most recent ones declared.
CME Group (Symbol: CME):
American Assets Trust Inc (Symbol: AAT):
Meta Financial Group Inc (Symbol: CASH):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.64% for CME Group, 2.95% for American Assets Trust Inc, and 0.37% for Meta Financial Group Inc.
In Monday trading, CME Group shares are currently up about 0.4%, American Assets Trust Inc shares are down about 0.4%, and Meta Financial Group Inc shares are up about 0.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 6/9/21, CME Group (Symbol: CME), American Assets Trust Inc (Symbol: AAT), and Meta Financial Group Inc (Symbol: CASH) will all trade ex-dividend for their respective upcoming dividends. CME Group (Symbol: CME): American Assets Trust Inc (Symbol: AAT): Meta Financial Group Inc (Symbol: CASH): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.74% lower in price and for CASH to open 0.09% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 6/9/21, CME Group (Symbol: CME), American Assets Trust Inc (Symbol: AAT), and Meta Financial Group Inc (Symbol: CASH) will all trade ex-dividend for their respective upcoming dividends. CME Group (Symbol: CME): American Assets Trust Inc (Symbol: AAT): Meta Financial Group Inc (Symbol: CASH): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.74% lower in price and for CASH to open 0.09% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 6/9/21, CME Group (Symbol: CME), American Assets Trust Inc (Symbol: AAT), and Meta Financial Group Inc (Symbol: CASH) will all trade ex-dividend for their respective upcoming dividends. CME Group (Symbol: CME): American Assets Trust Inc (Symbol: AAT): Meta Financial Group Inc (Symbol: CASH): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.74% lower in price and for CASH to open 0.09% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 6/9/21, CME Group (Symbol: CME), American Assets Trust Inc (Symbol: AAT), and Meta Financial Group Inc (Symbol: CASH) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 0.74% lower in price and for CASH to open 0.09% lower, all else being equal. Below are dividend history charts for CME, AAT, and CASH, showing historical dividends prior to the most recent ones declared. |
20991.0 | 2021-06-02 00:00:00 UTC | Shareholders Will Most Likely Find American Assets Trust, Inc.'s (NYSE:AAT) CEO Compensation Acceptable | AAT | https://www.nasdaq.com/articles/shareholders-will-most-likely-find-american-assets-trust-inc.s-nyse%3Aaat-ceo-compensation | nan | nan | Performance at American Assets Trust, Inc. (NYSE:AAT) has been reasonably good and CEO Ernest Rady has done a decent job of steering the company in the right direction. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 08 June 2021. Here is our take on why we think the CEO compensation looks appropriate.
Comparing American Assets Trust, Inc.'s CEO Compensation With the industry
Our data indicates that American Assets Trust, Inc. has a market capitalization of US$2.9b, and total annual CEO compensation was reported as US$4.4m for the year to December 2020. That's a notable increase of 17% on last year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$600k.
For comparison, other companies in the same industry with market capitalizations ranging between US$2.0b and US$6.4b had a median total CEO compensation of US$5.4m. This suggests that American Assets Trust remunerates its CEO largely in line with the industry average. What's more, Ernest Rady holds US$278m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
Component 2020 2019 Proportion (2020)
Salary US$600k US$546k 14%
Other US$3.8m US$3.2m 86%
Total Compensation US$4.4m US$3.8m 100%
Speaking on an industry level, nearly 15% of total compensation represents salary, while the remainder of 85% is other remuneration. In American Assets Trust's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.
NYSE:AAT CEO Compensation June 2nd 2021
A Look at American Assets Trust, Inc.'s Growth Numbers
American Assets Trust, Inc. has seen its funds from operations (FFO) increase by 11% per year over the past three years. It saw its revenue drop 12% over the last year.
Overall this is a positive result for shareholders, showing that the company has improved in recent years. The lack of revenue growth isn't ideal, but it is the bottom line that counts most in business. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.
Has American Assets Trust, Inc. Been A Good Investment?
With a total shareholder return of 10% over three years, American Assets Trust, Inc. shareholders would, in general, be reasonably content. But they probably wouldn't be so happy as to think the CEO should be paid more than is normal, for companies around this size.
In Summary...
The company's decent performance might have made most shareholders happy, possibly making CEO remuneration the least of the concerns to be discussed in the upcoming AGM. However, we still think that any proposed increase in CEO compensation will be examined closely to make sure the compensation is appropriate and linked to performance.
CEO compensation is an important area to keep your eyes on, but we've also need to pay attention to other attributes of the company. That's why we did our research, and identified 3 warning signs for American Assets Trust (of which 1 makes us a bit uncomfortable!) that you should know about in order to have a holistic understanding of the stock.
Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Performance at American Assets Trust, Inc. (NYSE:AAT) has been reasonably good and CEO Ernest Rady has done a decent job of steering the company in the right direction. NYSE:AAT CEO Compensation June 2nd 2021 A Look at American Assets Trust, Inc.'s Growth Numbers American Assets Trust, Inc. has seen its funds from operations (FFO) increase by 11% per year over the past three years. In American Assets Trust's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. | Performance at American Assets Trust, Inc. (NYSE:AAT) has been reasonably good and CEO Ernest Rady has done a decent job of steering the company in the right direction. NYSE:AAT CEO Compensation June 2nd 2021 A Look at American Assets Trust, Inc.'s Growth Numbers American Assets Trust, Inc. has seen its funds from operations (FFO) increase by 11% per year over the past three years. Comparing American Assets Trust, Inc.'s CEO Compensation With the industry Our data indicates that American Assets Trust, Inc. has a market capitalization of US$2.9b, and total annual CEO compensation was reported as US$4.4m for the year to December 2020. | Performance at American Assets Trust, Inc. (NYSE:AAT) has been reasonably good and CEO Ernest Rady has done a decent job of steering the company in the right direction. NYSE:AAT CEO Compensation June 2nd 2021 A Look at American Assets Trust, Inc.'s Growth Numbers American Assets Trust, Inc. has seen its funds from operations (FFO) increase by 11% per year over the past three years. Comparing American Assets Trust, Inc.'s CEO Compensation With the industry Our data indicates that American Assets Trust, Inc. has a market capitalization of US$2.9b, and total annual CEO compensation was reported as US$4.4m for the year to December 2020. | Performance at American Assets Trust, Inc. (NYSE:AAT) has been reasonably good and CEO Ernest Rady has done a decent job of steering the company in the right direction. NYSE:AAT CEO Compensation June 2nd 2021 A Look at American Assets Trust, Inc.'s Growth Numbers American Assets Trust, Inc. has seen its funds from operations (FFO) increase by 11% per year over the past three years. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance. |
20992.0 | 2021-05-08 00:00:00 UTC | Trade Alert: The Chairman Of American Assets Trust, Inc. (NYSE:AAT), Ernest Rady, Has Just Spent US$1.4m Buying A Few More Shares | AAT | https://www.nasdaq.com/articles/trade-alert%3A-the-chairman-of-american-assets-trust-inc.-nyse%3Aaat-ernest-rady-has-just | nan | nan | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman, Ernest Rady, recently bought a whopping US$1.4m worth of stock, at a price of US$34.32. While that only increased their holding size by 0.6%, it is still a big swing by our standards.
American Assets Trust Insider Transactions Over The Last Year
In fact, the recent purchase by Ernest Rady was the biggest purchase of American Assets Trust shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$35.23. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the American Assets Trust insider decided to buy shares at close to current prices. Ernest Rady was the only individual insider to buy during the last year.
Ernest Rady purchased 105.36k shares over the year. The average price per share was US$28.61. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
NYSE:AAT Insider Trading Volume May 8th 2021
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does American Assets Trust Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that American Assets Trust insiders own 10% of the company, worth about US$272m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About American Assets Trust Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about American Assets Trust. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing American Assets Trust. Our analysis shows 3 warning signs for American Assets Trust (1 is concerning!) and we strongly recommend you look at them before investing.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman, Ernest Rady, recently bought a whopping US$1.4m worth of stock, at a price of US$34.32. NYSE:AAT Insider Trading Volume May 8th 2021 There are always plenty of stocks that insiders are buying. American Assets Trust Insider Transactions Over The Last Year In fact, the recent purchase by Ernest Rady was the biggest purchase of American Assets Trust shares made by an insider individual in the last twelve months, according to our records. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman, Ernest Rady, recently bought a whopping US$1.4m worth of stock, at a price of US$34.32. NYSE:AAT Insider Trading Volume May 8th 2021 There are always plenty of stocks that insiders are buying. American Assets Trust Insider Transactions Over The Last Year In fact, the recent purchase by Ernest Rady was the biggest purchase of American Assets Trust shares made by an insider individual in the last twelve months, according to our records. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman, Ernest Rady, recently bought a whopping US$1.4m worth of stock, at a price of US$34.32. NYSE:AAT Insider Trading Volume May 8th 2021 There are always plenty of stocks that insiders are buying. American Assets Trust Insider Transactions Over The Last Year In fact, the recent purchase by Ernest Rady was the biggest purchase of American Assets Trust shares made by an insider individual in the last twelve months, according to our records. | American Assets Trust, Inc. (NYSE:AAT) shareholders (or potential shareholders) will be happy to see that the Chairman, Ernest Rady, recently bought a whopping US$1.4m worth of stock, at a price of US$34.32. NYSE:AAT Insider Trading Volume May 8th 2021 There are always plenty of stocks that insiders are buying. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. |
20993.0 | 2021-04-28 00:00:00 UTC | American Assets Trust Inc (AAT) Q1 2021 Earnings Call Transcript | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-q1-2021-earnings-call-transcript-2021-04-28 | nan | nan | Image source: The Motley Fool.
American Assets Trust Inc (NYSE: AAT)
Q1 2021 Earnings Call
Apr 28, 2021, 11:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day, and thank you for standing by. Welcome to the Q1 2021 American Assets Trust, Inc. Earnings Conference Call. [Operator Instructions] After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions].
I would now like to hand the conference over to your speaker today, Adam Wyll, EVP and COO. Please go ahead.
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Adam Wyll -- Executive Vice President and Chief Operating Officer
Thank you, operator. Good morning, everyone. Welcome to American Assets Trust first quarter 2021earnings call Yesterday afternoon our earnings release and supplemental information were furnished to the SEC on Form 8-K. Both are now available on the Investors section of our website, americanassetstrust.com. A telephonic replay and on-demand webcast will also be available for this call over the next week.
During this call we will discuss non-GAAP financial measures, which are reconciled to our GAAP financial results in our earnings release and supplemental information. We will also be making forward-looking statements based on our current expectations. These statements are subject to risks and uncertainties discussed in our SEC filings. You are cautioned not to place undue reliance on these forward-looking statements. Actual events could arise -- could cause our results to differ materially from these forward-looking statements for a number of reasons, including uncertainty related to the scope, severity and duration of the COVID-19 pandemic on us and on our tenants.
And with that, I'll turn the call over to Ernest Rady, our Chairman and CEO, to begin the discussion of our first quarter 2021 results. Ernest?
Ernest Rady -- Chairman, President and Chief Executive Officer
Thank you, Adam. First and foremost, once again we hope that this letter finds you and your loved ones safe. Thankfully, as several vaccines have been broadly administered and as we begin to reach herd immunity, we are very optimistic that the pandemic is nearing the sand and our lives will soon return to normalcy. And our financial results will continue to improve into 2021.
Over the past year the COVID-19 pandemic severely affected most industries, commercial real estate being no exception. We knew at the onset of the pandemic that American Assets Trust would not be impervious to this economic impact, but we were confident that the high quality, irreplaceable properties and asset class diversity of our portfolio combined with the strength of our balance sheet and ample liquidity would pull us through this.
As we've worked our way through these past 12 months, however, we realized that it is the resiliency of our properties and our company's employees that has enabled us to weather this storm. And fortunately, to embark on the path to recovery. We are proud of our response to the challenges presented to us in 2020 and our ability to successfully operate for our company, while keeping our employees and customers as safe as possible. We've been through hard times before and each time we have emerged stronger, which is our expectation now.
As we celebrate our 10th anniversary of being a New York Stock Exchange listed company, we are reminded that our commitment to our stockholders has always remained front and center. We will continue to do our best to accretively grew our asset base and shareholder wealth, focusing on both organic growth and development opportunities as they present themselves within our existing portfolios as well as acquisitions in our targeted coastal West Coast markets with a primary focus on the office sector going forward at this time.
Finally, I want to mention that the Board of Directors has approved a quarterly dividend of $0.28 a share for the first quarter, consistent with our previous dividend, which is, we believe is supported by our collection efforts in the first quarter. The border is -- Board is looking for the rebound in Waikiki which impacts our Embassy Suites and our -- and retail on Waikiki Beach Walk. Once the mandatory quarantine has been eliminated we [Indecipherable] see the beginning of a recovery in Waikiki which will about -- allow the Board to consider an increase in the dividend. We are hopeful that this will recur in the third quarter and hopefully sooner.
Adam, Bob and Steve will go into more detail on our various asset segments, collections and financial results. And I will be available for any questions you may have at the conclusion of prepared remarks. On behalf of all of us at American Assets Trust, we thank you for your confidence in allowing us to manage your company and for your continued support. Now more than ever. I'm going to turn the call back over to Adam.
Adam Wyll -- Executive Vice President and Chief Operating Officer
Thanks, Ernest. We are feeling more bullish than at any time over the past 12 months, now that the vaccine is widely available, the COVID 19 governmental restrictions in our coastal markets have lightened considerably and we are seeing firsthand the consumer behavior has begun reverting closer to pre-pandemic levels. Perhaps most significantly in California Governor Newsom announced recently that the state will fully reopen its economy on June 15th, lifting substantially all the restrictions that have guided daily life for more than a year in California, where currently two-thirds of our annualized base rent is derived. We would expect our other coastal markets to follow similarly in the months to come.
Meanwhile, we are encouraged and seeing our shopping center parking lots full, our office tenants returning or scheduling their return to office, tourism ramping up in Hawaii and public schools in our markets are starting to open back up, allowing parents to return to work, shopping and the like. Our collections have continued to improve each quarter since the pandemic began and improved each month in Q1 with the collection rate north of 93% for the first quarter. We expect this collection trend to continue to improve going forward with April at approximately 90% to date. Furthermore, we had approximately $800,000 of deferred rent due from about 100 tenants in Q1 based on COVID-19 related lease modifications entered into in 2020 and we have collected approximately 88% of those deferred amount, we believe this further validates our strategy of supporting our struggling retailers through the government mandated closure.
Today, we have avoided any material impact from retailer bankruptcy having lost only 13,000 square feet in the aggregate out of our over 3 million square foot retail portfolio, which we believe is a testament to us having superior locations at these restructured tenants want to remain in. As we mentioned before, we continue working with challenge retailers with a heavy focus currently on those in Waikiki, who historically have been solid operators to bridge them through to the recovery as tourism continues to ramp up, which is primarily from the US Mainland at this point as Asian countries have not yet relaxed COVID restrictions and their travel to Hawaii yet.
Additionally, we are seeing significant positive activity and engagement with new retailers for vacant or distressed spaces in our retail portfolio as we negotiate new retail leases and term sheets, which we will keep you posted on. On the multifamily front, we have hired a new community manager at our Hassalo on Eighth property who we -- who we expect will lead Hassalo to increased occupancy and better financial results over the remainder of the year. Furthermore, the 133 unit master lease with the private university in our San Diego multifamily portfolio expires at the end of May and our San Diego multifamily team led by Abigail Rex is fully engaged on additional marketing and advertising campaigns to entice students to remain in expiring units and to attract new prospects. To date we have leased approximately 20% of those expiring units and expect to have the majority of them released by the end of summer.
Finally, I want to mention that last week we issued our 2020 sustainability report which covers our 2020 operations and highlights our initiatives and commitments across a range of topics, including health and safety, environmental, social responsibility, corporate governor and was prepared entirely in-house at AAT. These initiatives were a massive collaborative effort from our employee base, led by our sustainability committee with representatives from virtually every department in our company and oversight from our executive management team and Board of Directors. We are proud of our efforts to-date, particularly our focus on human capital, but we know we have a lot more work to do going forward on all fronts. We welcome you to visit the sustainability page of our website to download our 2020 sustainability report for more details. Please reach out to any questions.
With that, I'll turn the call over to Bob to discuss Q1 financial results in more detail.
Robert Barton -- Executive Vice President and Chief Financial Officer
Good morning, and thank you, Ernest and Adam. Last night we reported first quarter 2021 FFO per share of $0.38, first quarter 2021 net income attributable to common stockholders per share of $0.02. I believe it is important to note that the FFO in the first quarter includes a charge of approximately $4.3 million for the early extinguishment of our $150 million Senior Guaranteed Notes, Series A, which were due on October 31, 2021. Without the charge for the early extinguishment of debt, our first quarter 2021 FFO per share would have been approximately $0.44.
From a financial perspective, it was a relatively quiet quarter. I'm not going to spend a lot of time on anything that is already either been discussed or is in the earnings release and save time for the follow-up questions.
We did end up close to our expectations. Based on the current environment same-store metrics are down in retail as expected and office was also lower for the quarter, but it is expected to end with 8% or greater same-store cash NOI for the year ended 2021.
I'll now turn the call over to Steve Center, our Vice President of Office Properties for a brief update on our office segment. Steve?
Steve Center -- Vice President of Office Properties
Thanks, Bob. At the end of the first quarter, net of One Beach, which is under redevelopment, our office portfolio stood at approximately 94% leased, with just 3.4% expiring through the end of 2021. Our top 10 office tenants represented 50.2% of our total office base rent. Given the quality of our assets and the strength of the markets in which they are located with technology and life science as the key market drivers. Our office portfolio has weathered the crisis well.
Current status by region are as follows: Bellevue is 96.5% leased; Portland is 97.1% leased; San Francisco is 100% leased, net of One Beach; and San Diego is 89.1% leased with two buildings under renovation at Torrey Reserve making up 5.8% of San Diego's vacancy and 2.6% of the office portfolio's vacancy. Our strategy of offering lease term flexibility while preserving pre-COVID rental rates produced 36 comparable new and renewal leases over the last 12 months, totaling 182,000 rentable square feet with a weighted average increase of 8.9% over prior rents on a cash basis and 16.9% on a straight-line basis. The weighted average lease term was 3.3 years with just $8.7 per rental square foot in TIs and incentives.
We experienced limited small tenant attrition due to COVID and other business challenges during the quarter resulting in a net loss of approximately 31,000 rentable square feet, none of which was lost to a competitor. However, smaller tenant activity has picked up significantly with tenants willing to commit to longer-term leases at favorable rental rate. Even more encouraging is the push to return to the office and the emerging large tenant activity and competition for quality larger blocks of space in select markets including San Diego and Bellevue. We continue to strategically invest in our current portfolio through renovation, redevelopment and ground-up development.
The renovation at two of the 14 buildings at Torrey Reserve should be complete this summer. In the process, we are enhancing the campus amenities and aggregating large -- large blocks of space in the Del Mar Heights submarket to meet demand and take advantage of pricing power. Construction has commenced on the redevelopment of One Beach Street in San Francisco with delivery in the first half of 2022 and construction is nearly complete on the redevelopment of 710 Oregon Square in the Lloyd sub-market of Portland. One Beach will grow to over 102,000 square feet and 710 Oregon Square will add more than 33,000 square feet to our office portfolio.
Construction is also commenced on Tower 3 at La Jolla Commons, a 213,000 square foot, 11 story Class A plus office tower in the UTC submarket of San Diego with expected completion in Q2 or Q3 of 2023. We are encouraged by the emerging large tenant activity and competition for quality large blocks of space in UTC. We are optimistic about our office portfolio as we move forward into the rest of 2021 and beyond.
Operator, I'll now turn the call over to you for questions.
Questions and Answers:
Operator
Thank you. [Operator Instructions] Our first question comes from Craig Schmidt with Bank of America. Your line is now open.
Craig Schmidt -- Bank of America -- Analyst
Thank you.
Ernest Rady -- Chairman, President and Chief Executive Officer
Good morning, Craig.
Craig Schmidt -- Bank of America -- Analyst
Hey, how are you? I wonder [Speech Overlap] Good. How has the retail leasing environment been since the end of March? So the first four weeks or so of April. Can you describe where [Indecipherable] is? What's -- I guess much of California [Indecipherable].
Ernest Rady -- Chairman, President and Chief Executive Officer
I think -- I mean, we're going to ask Chris Sullivan to answer that. He has been in the midst of it and he us our internal expert and external as well.
Chris Sullivan -- Vice President of Retail Properties
Good morning, Craig. Leasing has definitely picked up, exactly picked up since the 4th March in respect to the -- more phone calls [Indecipherable] of our retailers starting to look for space, starting to show a step up. It's -- now it like obviously in 2019. It is starting to pick up toward and starting to go on. So I'm way more optimistic now than I was a year ago. Does that help answer your question.
Craig Schmidt -- Bank of America -- Analyst
Right. So I mean, it still sounds like it's generally improved since the beginning of the year.
Chris Sullivan -- Vice President of Retail Properties
Yeah. It's generally improving. It really got focused back California didn't pop open with indoor dining. And if you look at so many of the shopping centers throughout the country now, quite a bit of dining, you can almost consider that category at anchor tenant. But in California that didn't pop back open to indoor until middle of March. So if that's opened up the registers are starting to [Indecipherable]. Especially here in San Diego, you see a lot of weekend tourism. So you see --- you're starting to see the more aggressive retailers or the savvy retailers and restaurant tours are now on around looking for space. And I think the results of that when you actually see that getting maybe four to six months from now. But the graph to starting to sprout back up on the deals [Indecipherable] I describe it.
Craig Schmidt -- Bank of America -- Analyst
Great. And then, I was wondering if you're experiencing much in terms of cost increases on your development and redevelopment projects. Are they possibly impacting the yield.
Ernest Rady -- Chairman, President and Chief Executive Officer
I'm going to ask Jerry Gammieri to handle that. He handles our construction and he is involved on a day-to-day basis with [Indecipherable].
Jerry Gammieri -- Vice President of Construction and Development
Sure. Craig, thank you for the question. We're seeing cost increases in the construction industry as a whole. Year-over-year it has gone up, we were very successful in the buys that we made in our three major projects with the 710 Oregon Square building, the One Beach project and La Jolla Commons. I think Ernest had asked me a question yesterday that, if I had to go out and buy La Jolla Commons today in today's dollars. How much more would it cost us to build it versus when we started negotiating those fees a year ago during the pandemic. And I would venture to say that it would probably be as much as about 15% above what we have bought today. So I hope that answers your question.
Chris Sullivan -- Vice President of Retail Properties
Great. And then just finally on the Asian lifting tourism, is that -- it really what required to return Hawaii to help or can an increase in the domestic travel somewhat mitigate the disruption?
Ernest Rady -- Chairman, President and Chief Executive Officer
Domestic travel would help for sure. But I've -- that's the cake, the [Indecipherable] on the cake is the Asian travel.
Chris Sullivan -- Vice President of Retail Properties
Okay, great. Thank you.
Ernest Rady -- Chairman, President and Chief Executive Officer
Thank you, Greg. Thanks for your interest.
Operator
Thank you. Our next question comes from Todd Thomas with KeyBanc Capital Markets. Your line is now open.
Ernest Rady -- Chairman, President and Chief Executive Officer
Good morning, Todd.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Hi, good morning. Just first question on the multifamily segment. You saw a nice increase in occupancy in Portland. Has that continued into April? And can you comment on the decrease in rents and the use of concessions to drive traffic there?
Ernest Rady -- Chairman, President and Chief Executive Officer
That's been very tough, frankly, in Portland. And we had a management issue, which we solved immediately when it came to our attention. We are now having to give concessions, which are painful. But the biggest cost of operating real estate is vacancy and we'd sooner have somebody in there, then have it vacant. But we hope that Portland will return to normal, but if you read the newspapers, you'll see turbulence Portland has been subject to and we have not been an exception.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Okay. Should we expect to see the concessions burn off in the second and third quarters and drive the face rents higher? And is the occupancy increase, is that continuing?
Ernest Rady -- Chairman, President and Chief Executive Officer
Todd, I'd like to tell you, I know, but I really don't know I've ever been through a circumstance like Portland before. I'll tell you this though, we'll do as well as anybody in the market. We have a team in place, they are who have been with us for a number of years, we've just hired a new project manager, she comes very, very experienced, and we will do as well as anybody. And Portland will have to return to normal before our rental income returns to more normal levels. That's what I believe.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Okay. And then --
Ernest Rady -- Chairman, President and Chief Executive Officer
[Indecipherable] disagree. Go ahead.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Okay. I also -- I wanted to ask about the retail segment and the 2022 NOI bridge that you provided in your latest corporate presentation. The retail cash NOI in the quarter was a little over $60 million, so $65 million annualized, I think, and that's ahead of the 2022 projection for retail cash NOI, which was $63 million. I don't know if there is some deferred rent that was collected in the quarter, which I think was referenced in the prepared remarks. But Bob, can you help us sort of unpack the retail NOI in the quarter a little bit and maybe help us understand how that's tracking relative to prior projections?
Robert Barton -- Executive Vice President and Chief Financial Officer
Yeah. I mean, I think we're pretty close to what our presentation is -- our quarterly presentation, Todd. And I think really what it points to is that and the way we look at it is that, '22 is really the recovery year, because in '22 you continue to outperform and the growth of the office cash NOI plus the mixed-use, which we think is going to be strong in '22. Which should take you from a total cash NOI of around $211 million increasing up to a total of around $250 million plus. So we think '22 is recovery year. But in terms of unpacking '21 or this quarter, I think we're still on track. I think, if not, even more so.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Right. Okay. Because it seems like the retail this quarter is already ahead on an annualized basis of where you expect it to be in '22. So I didn't know if you're anticipating some move-outs or a decrease in cash NOI for retail that might take some time to recover than -- over the next several quarters.
Robert Barton -- Executive Vice President and Chief Financial Officer
No, we're just going to have to play that out, but I think we're still on track with the unofficial guidance in Q4 that we issued. If you go back and take a look at that, but there's nothing that really stuff that points to anything different than that. Obviously, some of the collection like Adam had mentioned on his script, that 88% of the deferred rent has been collected, which is positive. So that's starting to come in as well, which I think is additive to that.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Okay. All right, great. Just one last question if I could. I'll hop off. I was just wondering if there was an update at Landmark related to the Autodesk expirations that occur later in '22 and '23. Not sure if it's too early, but if there is any update there that would be great.
Ernest Rady -- Chairman, President and Chief Executive Officer
No update at this time, except they just gone through extensive renovation at their second and fourth floor. The second floor is a space that expires at the end of next year, with the remainder in '23. And what was the investment there...
Robert Barton -- Executive Vice President and Chief Financial Officer
We are investing upwards of $450 a foot.
Steve Center -- Vice President of Office Properties
Like $15 million,
Ernest Rady -- Chairman, President and Chief Executive Officer
And we just toured it on last Tuesday and site. So they're investing in their space, which I think is a good indicator of their commitment to the building. Because of Landmark and One Market and we wanted to see what our tenants are spending. And one of the task there is spending almost a $100 million, their own money on the building and the other one is spending over $15 million. So we're pretty happy with that investment in the short run and the long run. I wish we had five of them.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
All right, thank you.
Adam Wyll -- Executive Vice President and Chief Operating Officer
It's a great building. Thanks for the questions. Thank you, Todd.
Operator
Thank you. Our next question comes from Richard Hill with Morgan Stanley, your line is now open.
Ernest Rady -- Chairman, President and Chief Executive Officer
Good morning, Richard.
Ron Kamdem -- Morgan Stanley -- Analyst
Hey, you got Ron Kamdem on for Richard Hill. Okay.
Ernest Rady -- Chairman, President and Chief Executive Officer
Well, tell, Richard, we think we're better off with you than him.
Ron Kamdem -- Morgan Stanley -- Analyst
That's right. Just -- the first question was just going to the office portfolio. Maybe could you touch on the same store NOI this quarter. I saw it was down maybe what happened there? And actually just a bigger picture question, which is, just what are you hearing from sort of the office tenants and return to the office?
Ernest Rady -- Chairman, President and Chief Executive Officer
Well, to answer your first question, that negative was due to one deal, and it was a business decision to keep us a law firm in 17,000 feet. There are 24,000 foot full floor law firm, they had subleased about 7000 feet of their space to somebody else, and that's subtenant have moved out, so there lease was coming up and they went to the market and found a competing space about the same size for $3.10 a foot. We looked at the price -- comments was false. We looked at the prospect of losing a 17,000 foot law firm and we decided to keep them where they are, not put in the corridor, no TIs and the competing space was a $3.10 a foot, they agreed to stay at $5 a square foot. So that was a victory for us. We had to take a hit on square footage. That's what happened.
Now just to add to that, they're paying 35.6% more in rental rate than they were at lease expiration. So we think it's a good business decision for full building to keep 17,000 foot law firm.
Chris Sullivan -- Vice President of Retail Properties
Excuse me. Ron, in terms of your question on the same store cash NOI for the office. That's primarily because of our government tenants up in 1st in May, we still had through Q1 abatements that were incurred there. So that reduce your cash NOI by close to $1 million bucks. To answer your question on back to work. We've got a number of firms coming back. We have a life science firm right across from us here that they came back this past Monday. And others are making plans to come back in the next few months. So we're encouraged by that. And then you can read what Google is doing and other big technology firms are doing. Sure what we're hearing is that there is a big push to get back to the office.
Ron Kamdem -- Morgan Stanley -- Analyst
Great. That's helpful. And then if I could sort of -- the second question was just on sort of the mixed used assets and Hawaii and so forth. Obviously, the NOI is still sort of flat to slightly negative in the quarter. I remember, I think three months ago, you sort of felt that there was a decent shot at a recovery in the second half of the year, just curious how you guys are feeling or thinking about Waikiki and the recovery there on the mixed-use.
Ernest Rady -- Chairman, President and Chief Executive Officer
You know, Ron, everybody I talk to is looking forward to the end of this pandemic and getting back to a normal life. And particularly people feel deprived that they can't travel. Now if you're going to travel, you're going to go to someplace safe and Hawaii is safe. So I'm as confident as I can be that Hawaii is going to return to pre-pandemic levels. I just don't know exactly when, but it's going to happen. If I had the opportunity I'd buy everything in Hawaii all over again. It's a great property in a great location and I'm looking forward to the recovery.
Chris Sullivan -- Vice President of Retail Properties
Yeah. Ron, just to add to Earnest comments. We are -- in terms of our estimation, it's not the timing, but we do believe that the back half of '21 we're going to see an increase over the first half. I know that when I look at the Embassy Suites, our booking pace, when I take a look at that, our expectation is that, we will be 79% or higher in June. People are ready to travel.
Ernest Rady -- Chairman, President and Chief Executive Officer
Ourselves included.
Chris Sullivan -- Vice President of Retail Properties
Yeah.
Ron Kamdem -- Morgan Stanley -- Analyst
Great, that's helpful. That's all my questions. Thank you.
Ernest Rady -- Chairman, President and Chief Executive Officer
Great. Thanks, Ron. Say a word to Richard.
Operator
I'm not showing any further questions at this time. I would now like to turn the call back over to Ernest Rady, Chairman and CEO for closing remarks.
Ernest Rady -- Chairman, President and Chief Executive Officer
To sum it all up, we've come through this terrible [Indecipherable] in excellent shape, everything considered. And I know that you're all familiar with the fact that we used to borrow money on a private placement basis and private placements became more expensive than public issuance. So we thought we'd try the public issuance market. We offered $500 million of 10-year bonds and we were 4.5 times oversubscribed. And so we now have the proceeds of that issue and after paying off some debt and earmarking some of that proceeds for the improvement of the properties which we've discussed. We're looking forward to investing that money in additional assets, which we are going to do our best to make sure they're accretive for our stockholders. So I know that you can count on it, but one thing you can count on. We'll do our best for you and we appreciate your confidence. And thank you for your interest.
Operator
[Operator Closing Remarks]
Duration: 29 minutes
Call participants:
Adam Wyll -- Executive Vice President and Chief Operating Officer
Ernest Rady -- Chairman, President and Chief Executive Officer
Robert Barton -- Executive Vice President and Chief Financial Officer
Steve Center -- Vice President of Office Properties
Chris Sullivan -- Vice President of Retail Properties
Jerry Gammieri -- Vice President of Construction and Development
Craig Schmidt -- Bank of America -- Analyst
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Ron Kamdem -- Morgan Stanley -- Analyst
More AAT analysis
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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Finally, I want to mention that last week we issued our 2020 sustainability report which covers our 2020 operations and highlights our initiatives and commitments across a range of topics, including health and safety, environmental, social responsibility, corporate governor and was prepared entirely in-house at AAT. American Assets Trust Inc (NYSE: AAT) Q1 2021 Earnings Call Apr 28, 2021, 11:00 a.m. Operator [Operator Closing Remarks] Duration: 29 minutes Call participants: Adam Wyll -- Executive Vice President and Chief Operating Officer Ernest Rady -- Chairman, President and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Chris Sullivan -- Vice President of Retail Properties Jerry Gammieri -- Vice President of Construction and Development Craig Schmidt -- Bank of America -- Analyst Todd Thomas -- KeyBanc Capital Markets -- Analyst Ron Kamdem -- Morgan Stanley -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. | Operator [Operator Closing Remarks] Duration: 29 minutes Call participants: Adam Wyll -- Executive Vice President and Chief Operating Officer Ernest Rady -- Chairman, President and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Chris Sullivan -- Vice President of Retail Properties Jerry Gammieri -- Vice President of Construction and Development Craig Schmidt -- Bank of America -- Analyst Todd Thomas -- KeyBanc Capital Markets -- Analyst Ron Kamdem -- Morgan Stanley -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Inc (NYSE: AAT) Q1 2021 Earnings Call Apr 28, 2021, 11:00 a.m. Finally, I want to mention that last week we issued our 2020 sustainability report which covers our 2020 operations and highlights our initiatives and commitments across a range of topics, including health and safety, environmental, social responsibility, corporate governor and was prepared entirely in-house at AAT. | Operator [Operator Closing Remarks] Duration: 29 minutes Call participants: Adam Wyll -- Executive Vice President and Chief Operating Officer Ernest Rady -- Chairman, President and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Chris Sullivan -- Vice President of Retail Properties Jerry Gammieri -- Vice President of Construction and Development Craig Schmidt -- Bank of America -- Analyst Todd Thomas -- KeyBanc Capital Markets -- Analyst Ron Kamdem -- Morgan Stanley -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Inc (NYSE: AAT) Q1 2021 Earnings Call Apr 28, 2021, 11:00 a.m. Finally, I want to mention that last week we issued our 2020 sustainability report which covers our 2020 operations and highlights our initiatives and commitments across a range of topics, including health and safety, environmental, social responsibility, corporate governor and was prepared entirely in-house at AAT. | Operator [Operator Closing Remarks] Duration: 29 minutes Call participants: Adam Wyll -- Executive Vice President and Chief Operating Officer Ernest Rady -- Chairman, President and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Chris Sullivan -- Vice President of Retail Properties Jerry Gammieri -- Vice President of Construction and Development Craig Schmidt -- Bank of America -- Analyst Todd Thomas -- KeyBanc Capital Markets -- Analyst Ron Kamdem -- Morgan Stanley -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Inc (NYSE: AAT) Q1 2021 Earnings Call Apr 28, 2021, 11:00 a.m. Finally, I want to mention that last week we issued our 2020 sustainability report which covers our 2020 operations and highlights our initiatives and commitments across a range of topics, including health and safety, environmental, social responsibility, corporate governor and was prepared entirely in-house at AAT. |
20994.0 | 2021-04-19 00:00:00 UTC | If You Had Bought American Assets Trust (NYSE:AAT) Stock A Year Ago, You Could Pocket A 28% Gain Today | AAT | https://www.nasdaq.com/articles/if-you-had-bought-american-assets-trust-nyse%3Aaat-stock-a-year-ago-you-could-pocket-a-28 | nan | nan | We believe investing is smart because history shows that stock markets go higher in the long term. But if you choose that path, you're going to buy some stocks that fall short of the market. Over the last year the American Assets Trust, Inc. (NYSE:AAT) share price is up 28%, but that's less than the broader market return. Having said that, the longer term returns aren't so impressive, with stock gaining just 2.4% in three years.
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
Over the last twelve months, American Assets Trust actually shrank its EPS by 45%.
So we don't think that investors are paying too much attention to EPS. Therefore, it seems likely that investors are putting more weight on metrics other than EPS, at the moment.
Unfortunately American Assets Trust's fell 5.7% over twelve months. So using a snapshot of key business metrics doesn't give us a good picture of why the market is bidding up the stock.
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
NYSE:AAT Earnings and Revenue Growth April 19th 2021
We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. If you are thinking of buying or selling American Assets Trust stock, you should check out this free report showing analyst profit forecasts.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, American Assets Trust's TSR for the last year was 32%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.
A Different Perspective
American Assets Trust shareholders gained a total return of 32% during the year. But that return falls short of the market. On the bright side, that's still a gain, and it's actually better than the average return of 0.4% over half a decade This could indicate that the company is winning over new investors, as it pursues its strategy. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 3 warning signs for American Assets Trust (1 shouldn't be ignored!) that you should be aware of before investing here.
American Assets Trust is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | NYSE:AAT Earnings and Revenue Growth April 19th 2021 We consider it positive that insiders have made significant purchases in the last year. Over the last year the American Assets Trust, Inc. (NYSE:AAT) share price is up 28%, but that's less than the broader market return. If you are thinking of buying or selling American Assets Trust stock, you should check out this free report showing analyst profit forecasts. | Over the last year the American Assets Trust, Inc. (NYSE:AAT) share price is up 28%, but that's less than the broader market return. NYSE:AAT Earnings and Revenue Growth April 19th 2021 We consider it positive that insiders have made significant purchases in the last year. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. | Over the last year the American Assets Trust, Inc. (NYSE:AAT) share price is up 28%, but that's less than the broader market return. NYSE:AAT Earnings and Revenue Growth April 19th 2021 We consider it positive that insiders have made significant purchases in the last year. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. | Over the last year the American Assets Trust, Inc. (NYSE:AAT) share price is up 28%, but that's less than the broader market return. NYSE:AAT Earnings and Revenue Growth April 19th 2021 We consider it positive that insiders have made significant purchases in the last year. As it happens, American Assets Trust's TSR for the last year was 32%, which exceeds the share price return mentioned earlier. |
20995.0 | 2021-02-17 00:00:00 UTC | American Assets Trust, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc.-earnings-missed-analyst-estimates%3A-heres-what-analysts-are | nan | nan | American Assets Trust, Inc. (NYSE:AAT) came out with its annual results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It was not a great result overall. Although revenues beat expectations, hitting US$359m, statutory earnings missed analyst forecasts by 14%, coming in at just US$0.46 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
NYSE:AAT Earnings and Revenue Growth February 18th 2021
Following the recent earnings report, the consensus from four analysts covering American Assets Trust is for revenues of US$343.4m in 2021, implying a perceptible 4.4% decline in sales compared to the last 12 months. Statutory earnings per share are forecast to dive 44% to US$0.26 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$349.1m and earnings per share (EPS) of US$0.75 in 2021. So there's definitely been a decline in sentiment after the latest results, noting the pretty serious reduction to new EPS forecasts.
The average price target fell 28% to US$30.35, with reduced earnings forecasts clearly tied to a lower valuation estimate. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on American Assets Trust, with the most bullish analyst valuing it at US$33.00 and the most bearish at US$27.40 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that sales are expected to reverse, with the forecast 4.4% revenue decline a notable change from historical growth of 6.6% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 5.6% next year. It's pretty clear that American Assets Trust's revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations - although our data does suggest that American Assets Trust's revenues are expected to perform worse than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
With that in mind, we wouldn't be too quick to come to a conclusion on American Assets Trust. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple American Assets Trust analysts - going out to 2022, and you can see them free on our platform here.
Before you take the next step you should know about the 4 warning signs for American Assets Trust (1 can't be ignored!) that we have uncovered.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust, Inc. (NYSE:AAT) came out with its annual results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. NYSE:AAT Earnings and Revenue Growth February 18th 2021 Following the recent earnings report, the consensus from four analysts covering American Assets Trust is for revenues of US$343.4m in 2021, implying a perceptible 4.4% decline in sales compared to the last 12 months. The Bottom Line The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. | American Assets Trust, Inc. (NYSE:AAT) came out with its annual results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. NYSE:AAT Earnings and Revenue Growth February 18th 2021 Following the recent earnings report, the consensus from four analysts covering American Assets Trust is for revenues of US$343.4m in 2021, implying a perceptible 4.4% decline in sales compared to the last 12 months. It's pretty clear that American Assets Trust's revenues are expected to perform substantially worse than the wider industry. | NYSE:AAT Earnings and Revenue Growth February 18th 2021 Following the recent earnings report, the consensus from four analysts covering American Assets Trust is for revenues of US$343.4m in 2021, implying a perceptible 4.4% decline in sales compared to the last 12 months. American Assets Trust, Inc. (NYSE:AAT) came out with its annual results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. | American Assets Trust, Inc. (NYSE:AAT) came out with its annual results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. NYSE:AAT Earnings and Revenue Growth February 18th 2021 Following the recent earnings report, the consensus from four analysts covering American Assets Trust is for revenues of US$343.4m in 2021, implying a perceptible 4.4% decline in sales compared to the last 12 months. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. |
20996.0 | 2021-02-10 00:00:00 UTC | American Assets Trust Inc (AAT) Q4 2020 Earnings Call Transcript | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc-aat-q4-2020-earnings-call-transcript-2021-02-10 | nan | nan | Image source: The Motley Fool.
American Assets Trust Inc (NYSE: AAT)
Q4 2020 Earnings Call
Feb 10, 2021, 11:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Hello and welcome to the Q4 2020 American Assets Trust, Inc. Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.
It is now my pleasure to turn the call over to your host for today, Mr. Adam Wyll, EVP and Chief Operating Officer. Sir, the floor is yours.
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Adam Wyll -- Executive Vice President and Chief Operating Officer
Thank you. Good morning, everyone. Welcome to American Assets Trust Inc.'s fourth quarter and year-end 2020earnings call Yesterday afternoon, our earnings release and supplemental information were furnished to the SEC on Form 8-K. Both are now available on the Investors section of our website, americanassetstrust.com. Telephonic replay and on-demand webcast will also be available for this call over the next week.
During this call, we will discuss non-GAAP financial measures which are reconciled to our GAAP financial results in our earnings release and supplemental information.
We will also be making forward-looking statements based on our current expectations. These statements are subject to risks and uncertainties discussed in our SEC filings. You are cautioned not to place undue reliance on these forward-looking statements. Actual events could cause our results to differ materially from these forward-looking statements, for a number of reasons, including uncertainty related to the scope, severity and duration of the COVID-19 pandemic on us and on our tenants.
And with that, I'll turn the call over to Ernest Rady, our Chairman and CEO, to begin the discussion of our fourth quarter and year-end 2020 results. Ernest?
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Thanks, Adam. Great job. First and foremost, I would like to wish all our stakeholders and their loved ones continued health and safety during these truly unprecedented times. Now that people are starting to get vaccinated, we are optimistic and even hopeful eventually this pandemic will no longer be a threat, lives will return to some kind of normalcy and the economy will recover.
However, at the present time, this pandemic continues to create challenges within our portfolio, particularly for our three theaters, gym's and our Waikiki Beach Walk properties.
As most of you know, all of our properties in Hawaii are owned fee simple and are very valuable. We have a strong view that post-pandemic, Waikiki will return to normal, pent up tourism returning and every night being like a Friday night.
While this pandemic still remains a threat that we believe we are well prepared to endure a prolonged pandemic with our irreplaceable portfolio, our best-in-class operating platform, our top-notch management team, our disciplined financial strength and a very strong balance sheet.
In such regard, I am extremely proud to announce that our inaugural public offering, which we closed on January 26, 2021, the offering consists of $500 million of 3.38% senior unsecured notes due 2031. And by the way, it was oversubscribed 4 times.
This spot offering provides substantial liquidity, staying power, and provided for the repayment of $200 million -- $250 million of debt and provides all funds needed for the development of La Jolla Commons III, which we plan to break ground this April.
Success and demand of this bond offering in the midst of a pandemic is truly a testament to our incredible properties, efficient operating portfolio, and our top-notch management team.
Bob will provide more financial details on the bond offering.
Finally, I'd like to mention that the Board of Directors has approved a quarterly dividend of $0.28 for the first quarter, an increase of $0.03 from our previous dividend, which we believe is supported by our collection efforts in the fourth quarter, and is an expression of our Board's confidence in the embedded growth of our portfolio that we believe will recover post-pandemic. And Bob, Adam and Steve will go into more detail on our various asset segments and financial results, and I will be available for any questions you may have at the conclusion of our prepared remarks.
I'm now going to turn the call back to Adam. Adam, please?
Adam Wyll -- Executive Vice President and Chief Operating Officer
Thanks, Ernest. Good job.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
As you can see, we're mutually cooperative.
Adam Wyll -- Executive Vice President and Chief Operating Officer
We remain optimistic with the overall performance of our portfolio, even in light of the pandemic, and we are pleased to report that 100% of our properties are currently open and accessible by our tenants in each of our markets.
Of course, we too have felt the bumps along the road like everyone else in our sectors. Yet, our collections of monthly recurring billings due continued to improve in Q4 over Q3 and Q3 over Q2. The total collections to-date of approximately 92% in Q4 versus 90% in Q3 and 87% in Q2.
January is currently trending consistent with Q4, just over 91% to-date, and likely to increase further, all despite the headwinds of Governor Newsom shutdown restrictions in California that lasted through most of December and January.
Collections for essential tenants in our retail portfolio, which represent approximately one-third of retail build rents were almost 100% in Q3 and Q4. And collections for nonessential tenants continued to improve from 69% in Q3 to over 74% in Q4.
Of note, no tenant in our retail portfolio represents more than 2% of our ABR, and less than 6% of our retail portfolio is due to expire in 2021, assuming no exercise of lease options.
And of the approximately 500 tenants in our retail portfolio, since the beginning of the pandemic, we have had 13 retailers file bankruptcy, covering 18 total tenant lease spaces, of which 13 spaces have been assumed or are in the process of being assumed in bankruptcy, which we believe is a testament to us having superior locations that these restructured tenants want to remain in. Notably, the rejected leases to-date were less than 13,000 square feet in the aggregate.
As you would expect, our primary collection challenges remain in the retail segment with our movie theaters and gym's, as well as many of our retailers at Waikiki Beach Walk, which until mid-October had no incoming tourism to sustain meaningful revenue for our tenants.
So, we believe the pent-up demand for travel to Hawaii is massive. We expect the tourism to rebound to occur at more deliberate pace until a broader vaccine rollout is achieved, hopefully by this upcoming summer. In the meantime, we are working with these challenged retailers who historically have been great operators to bridge them through to the recovery. This is part of our recurring thesis of prioritizing long-term strategic growth over the short term.
Despite the uncertainty, we remain optimistic that we will continue to see sequential improvement spurred by the vaccine's distribution, government stimulus and anticipated pent up travel demand in regions that have yet to fully reopen their economies.
As Ernest mentioned, we believe that we are well positioned to navigate through and manage these challenges. We have been through challenging times before and each time we have emerged stronger, given our long-term focus on high quality, diversified asset base. We expect this time will be no different.
With that, I'll turn the call over to Bob to discuss Q4 and year-end results in more detail.
Robert Barton -- Executive Vice President and Chief Financial Officer
Good morning and thank you, Ernest and Adam. Last night, we reported fourth quarter and year ended 2020 FFO per share of $0.41 and $1.89 respectively, and fourth quarter and year ended 2020 net income attributable to common stockholders per share of $0.05 and $0.46 respectively.
The lower FFO in the fourth quarter, which is approximately $0.05 lower than the Bloomberg consensus is primarily the result of additional reserves for our theaters, gym's and Waikiki Beach Walk retail. Nevertheless, we remain optimistic of this portfolio, even in light of the pandemic.
The highlights of this quarter are, one, we have ample liquidity. As Ernest previously mentioned, we recently completed our inaugural public bond offering. In the midst of this unprecedented pandemic, we closed on $500 million of 3.38% 10-year senior unsecured notes. With the proceeds from the offering, we repaid $150 million Senior Guaranteed Notes Series A and repaid the $100 million outstanding on our revolving line of credit. We expect to use remaining $236 million of proceeds to fund our La Jolla Commons III development in the UTC submarket of San Diego, as well as continue our renovation of One Beach Street in San Francisco, with the remaining amounts for general corporate purposes and potential accretive acquisition opportunities.
At the beginning of this week, we had approximately $380 million of cash on the balance sheet with zero outstanding on our $350 million line of credit. We chose to access the public debt markets now because of the low treasury yield and strength of the credit markets that we've been seeing during this pandemic. We had the ability to access the public debt market several years prior to this, but we weren't ready to commit to being a regular issuer on a frequent basis until now. What's changed is that we have the ability to ladder our existing debt maturities today, so that we have close to, if not more than $400 million in future debt requirements on a recurring basis over an 18 to 24-month period, while at the same time being laser focused on a 5.5 times net debt-to-EBITDA or less. A conservative balance sheet is very important to us.
During this pandemic, our EBITDA has been challenged, like others with exposure to retail and our hotel, resulting in lower EBITDA. We believe that our high-quality portfolio and superior close to West Coast locations will begin to return to normal post-pandemic, and our expectation is that our net debt-to-EBITDA will begin working its way back down to 5.5% or less, based on the corporate model that I'm looking at.
Number two, we have embedded contractual growth and cash flow in our office portfolio, with approximately $24 million of in-place growth in just the office cash NOI in '21 and '22.
Number three, our same store cash -- office cash NOI came in at just 3% due to abatements that were provided to our GSA tenants at our First & Main in Portland, Oregon, as part of their lease renewal package during Q1 2020. These abatements continued through February '21. Absent these short-term abatements, office same store cash NOI growth in Q4 '20 compared to Q4 '19 would have been approximately 7%.
Number four, multifamily properties incurred mixed results based on their geographic locations. For our multifamily properties located in Portland, occupancy was down 17% compared to the same quarter last year, while the weighted average monthly base rent increased approximately 1.4%. For our multifamily properties located in San Diego, occupancy remained stable at approximately the same over the prior year, while the weighted average monthly base rent increased 7.3% over the prior year.
Of note, our occupancy levels in Portland have been trending much higher since the beginning of the year with our recent leasing momentum, bringing optimism that we will return to a more normalized pre-pandemic occupancy level.
Number five, let's talk about guidance. As previously disclosed, we withdrew our guidance in April 2020, due to the uncertainty that the pandemic would have on our existing guidance, particularly in our mixed use and retail sectors. Until we have a clear view of the duration of the economic impact and the economy shows signs of recovery, we will refrain from issuing formal guidance. However, what we can do is provide you a framework on how to think about our portfolio.
We believe that Q4 '20 was close to, if not the bottom of the economic impact for us. We have taken approximately $18 million in combined bad debt expense reserves in 2020, including turning up most of the straight line rent for which reserves have been taking. Included in this number is approximately $7.6 million or $0.10 of bad debt expense reserves that were included in our FFO number of $0.41 for Q4 '20.
From my perspective, I believe $0.41 of FFO for Q4 '20 is the bottom. I would suggest that you conservatively use that as a starting base. Assume that continues for the first two quarters. Beginning in Q3 '21, assuming most everyone in America has been vaccinated, I would expect theaters restaurants and especially Waikiki Beach Walk retail and the Embassy Suites Waikiki to begin their recovery. I would apply some percentage growth to the $0.41 of the Q4 2020 FFO beginning in Q3 '21 and continuing into Q4 '21.
Adjustments that also would need to be made include, in Q1 '21, approximately $0.05 related to the yield maintenance make whole payment on the Series A note prepayment will be a non-recurring expense in Q1 '21. Also in Q1 '21 through Q4 '21, the additional proceeds from the public bond offering are expected to increase our interest expense by approximately $0.03 per quarter.
As we look beyond '21, we expect to see the following. First, we expect to see the Embassy Suites Waikiki coming back in full strength in '22, adding approximately another $0.13 of FFO. Secondly, the Waikiki Beach Walk retail coming back in partial strength in '22, adding approximately another $0.08 of FFO. Also, in our supplemental this quarter, we have included our estimated development yield for La Jolla Commons III, which is expected to take between 24 and 30 months to develop. The estimated yield for this development is approximately between 6.5% and 7.5% based on the market conditions today. We expect this project to be completed by the end of 2023.
A 6.5% yield on $175 million is approximately another $11 million of NOI or $0.14 of FFO. In the meantime, the cash on the balance sheet earmarked for this development will be a short-term drag on earnings. And lastly, we expect our One Beach property on the North Waterfront of San Francisco to complete its renovation by the end of 2022, and we expect this property to produce approximately $0.05 plus of FFO upon stabilization in 2023.
For now, this is our informal big picture framework of what we conservatively expect in '21. But it is not considered or it is not to be considered as formal guidance. As we have more clarity and conviction on the back half of '21, we will share it with you. We will continue our best to be as transparent as possible.
I'll now turn the call over to Steve Center, our Vice President of Office Properties, for a brief update on our office segment. Steve?
Steve Center -- Vice President of Office Properties
Thanks, Bob. At the end of the fourth quarter, net of One Beach, which is under redevelopment, our office portfolio stood at approximately 95% leased, with just under 5% expiring at the end of 2021.
Our top-10 office tenants represents 51.5% of our total office based rent. Given the quality of our assets and the strength of the markets in which they are located, the technology and life science is the key market drivers and we continue to execute leases at favorable rental rates, delivering continued NOI growth in our office segment even in this challenging environment.
The weighted average base rent increase for the seven renewals completed during the fourth quarter was 5%. With leases already signed, we have locked in approximately $24 million of NOI growth in our office segment, comprised of approximately $14 million in 2021 and $10 million in 2022. We anticipate additional NOI growth in 2022 and 2023 through the redevelopments and leasing of 102,000 rentable square feet at One Beach Street in San Francisco and 33,000 rentable square feet at 710 Oregon Square in the Lloyd submarket of Portland.
With the recent entitlements for two blocks at Oregon Square in Portland, we can add up to an additional 555,000 rentable square feet to the portfolio. However, we continue evaluating market conditions and prospective tenant interest before commencing development of that project.
In the next few months, we will commence construction of Tower 3 at La Jolla Commons, a 213,000 rentable square foot, 11 storey Class A plus office tower in the UTC submarket of San Diego. With expected completion in Q2 or Q3 of 2023, La Jolla Commons Tower 3 will grow our office portfolio by 6.1%.
We're moving forward because we believe in the long-term fundamentals of the market, especially in UTC. Direct vacancy remains low at 6.5% and the inventory is aging with just 26% or three out of 22 Class A office buildings being built since 2008, two of which are our own towers at La Jolla Commons. These 3three newer towers are 97% leased.
The existing office inventory is actually shrinking due to conversion to life science and lab usage in and around UTC. And record-breaking venture capital is flowing into the region.
San Diego companies raised a record-breaking $2.6 billion of venture capital funding in Q4 of 2020. The 2020 total reached $5.2 billion. Life science companies brought in a record $1.8 billion. The 2020 volume from life science investment reached a record shattering $3.8 billion, and tech investment hit a record high of $762.1 million for the quarter and $1.3 billion for the year.
UTC is adjacent to UCSD, which pulled in $1.35 billion in research contracts and grants during the fiscal year that ended June 30, once again shattering our funding record and maintaining the University standing as one of the 10 largest research school in the U.S.
La Jolla Commons is just a few blocks away from the UTC Mall, which has undergone a $1.2 billion redevelopment, including 90 new tenants and is Westfield's top performing Center. In the San Diego trolley operations serving UCSD and UTC are expected to begin operations in 2022.
And as for the impact of work-from-home on our portfolio, based upon discussions with many of our tenants, not to mention significant expenditures, our larger tenants are currently investing in their existing spaces. We expect the impact to be relatively short term in nature.
Beyond our portfolio, even though the tech giants had established long-term work-from-home protocols, they are massively increasing their office footprint by expanding, acquiring buildings and land and leasing significant space across the country, all during COVID.
Facebook has expanded by 2.2 million square feet, Microsoft by 1 million square feet, Amazon by 1.5 million square feet; and Google now plans 3 mixed-use projects on Google owned land, 40 acres in 1.3 million square feet in Mountain View, San Jose and Sunnyvale. Further, in November, Google bought a 10-acre plot close to its existing campus in Kirkland, Washington, and plans to use it to expand in the area. Also, Apple just acquired a large land site in Culver City, which is Los Angeles. for a large office development for at least 1,000 people, at least an additional 336,000 feet in New York City.
In summary, we have a stable office portfolio with a strong tenant roster, no or little near term rollover, significant built in NOI growth and additional upside through repositioning and redevelopment within our existing portfolio, plus substantial new development on sites we already own.
Operator, I'll turn the call over to you for questions. Good job.
Questions and Answers:
Operator
Thank you. [Operator Instructions] Your first question comes from the line of Craig Schmidt from Bank of America.
Craig Schmidt -- Bank of America -- Analyst
Hello. I guess, good morning.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Good morning, Craig.
Craig Schmidt -- Bank of America -- Analyst
Good morning. I'm wondering what does the retail leasing pipeline look like heading into 2021, and what do you think you'll do relative to the 303,000 you leased in 2020?
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Chris, can you answer that? Yes.
Chris Sullivan -- Vice President of Retail Properties
Yes.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
I know it's not the -- the pipeline is not as barren as the press says, but it's -- certainly, it's not as brilliant as we'd like.
Chris Sullivan -- Vice President of Retail Properties
Yes, Craig, can you repeat the second half of your question? You had a number there. You said 300,000?
Craig Schmidt -- Bank of America -- Analyst
Yes, I have 303,000 total retail square foot leased in 2020.
Chris Sullivan -- Vice President of Retail Properties
I was thinking you're referring to the roll that's going to -- that comes up through 2021. From a pipeline standpoint, you're starting to see retailers pop their head back out. So, given -- activity started picking up a little bit in Q4, and it's continuing to roll some momentum coming into first quarter of 2021. I can't give you an exact number, but I am way more bullish that they're starting to look around and starting to do tours again, the phones are ringing with more activity. And then of course as for the roll of our renewals coming up, and I think the majority of those will probably get renewed. As Bob said earlier, I think we really hit the trough in Q4. There is still some turbulence ahead, but springs coming and you're starting to see talk of going back to school, vaccines are common and retailers getting more optimistic.
Craig Schmidt -- Bank of America -- Analyst
Great. And then the trend of leasing spreads turned negative in the fourth quarter, but it sounds like you'll see a more positive result on leasing spreads in '21?
Adam Wyll -- Executive Vice President and Chief Operating Officer
Craig. I hope so. It's combat leasing from what I can tell you. The retailers, I don't know the last time you bought a new suit was or any of us, but the retailers are still -- we're still having their troubles in quite a few categories. So, I don't want to lean to tell you that I'm going to be seeing rates come up. Some situations, it's a balancing act between occupancy and rate, and I'm always a fan, let's be there to fight another battle.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
It's hand to hand combat, Craig, and the retailers at the moment have the upper hand. I think that the biggest cost in real estate is vacancy, and we're going to focus on keeping our properties well occupied as possible, particularly as we come out of this difficult pandemic.
Craig Schmidt -- Bank of America -- Analyst
Thank you. That's helpful.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Thank you, sir.
Operator
Your next question comes from the line of Haendel St. Juste from Mizuho.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Haendel, good morning.
Haendel St. Juste -- Mizuho -- Analyst
Hey. Good morning. Good job, everyone.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Thank you. Thank you.
Adam Wyll -- Executive Vice President and Chief Operating Officer
That's the one thing we all are doing.
Haendel St. Juste -- Mizuho -- Analyst
Just a question for you, I guess on the dividend. I guess we're all -- some of us are scratching our head here on why you're raising the dividend now versus maybe saving the cash and de-levering a bit more, your leverage is above 7 times. I understand the higher collections and confidence. But there's still a lot of uncertainty, spreads are under a bit of pressure it sounds. Hawaii seems like it's going to be soft, the near term. So, I guess why not hold off a bit and de-lever a bit?
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Haendel, that's a very good question. I suggested to the Board that to increase a $0.01 or $0.02, to indicate that we have confidence in the quality of our portfolio, our financial position and our management, they felt that I was underestimating all those three and they added another $0.01. So, the Board made that decision independently, and I think they were fine. I mean, we have a difference by a $0.01, but not much more. I think that this is going to be a significant recovery once we get the vaccine.
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes, Haendel, let me just add to that. It's -- the methodology is also consistent with our collections, and we try to stay consistent on that, or the board tried to stay consistent on that. And from -- the other thing is, as we mentioned, is that we believe that Q4 is the bottom or if not close to the bottom. And what's changed is also too that people are starting to get vaccines. So, there is a lot more data points out there, and we think the Board thought that this is the right thing to do.
Haendel St. Juste -- Mizuho -- Analyst
Thanks a lot, Bot. Maybe as an add-on for you, you mentioned the mid-5 times debt-EBITDA is a long-term target. Curious on when do you think we'll get there, and do we start to see some inflection here in the next quarter or two? The last couple of quarters you've been trending up. So, just curious on some perspective on reaching that long term mid 5 target?
Ernest S. Rady -- Chairman, President and Chief Executive Officer
He wants to know when you're going to hit 5.5 times, you say you'd like to get there, and he wants a timeframe.
Robert Barton -- Executive Vice President and Chief Financial Officer
Okay. Well, thanks for that question, Haendel. I get paid extra for being amateur for the roll. Well, Haendel, that's why we also set a framework on how to think about the portfolio. I can't tell you what that percentage is for the second half of this year, but our view or my particular view would be is that, once everybody in America is vaccinated or once we've vaccinated and we get that herd immunity, give us approximately 12 months from that period of time and I think we will trend back down to that 5.5 times, based on the growth, based on -- I mean, think about how much we've lost out of Embassy and Waikiki Beach Walk retail. I mean, both of those, each of those, the retail, the Waikiki Beach Walk retail and the Embassy are anywhere from $12 million to $14 million each of cash NOI. So, that's probably about $0.14 each of them for additional FFO.
So, let us rebound. I mean, let us get to the vaccine. Get me to that point, give us 12 months.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
You have no idea how focused is on 5.5. I say, good morning, Bob. He replies, 5.5.
Haendel St. Juste -- Mizuho -- Analyst
I love it. I love it. And then on Hawaii, I guess what are you hearing for tourism expectations for this year? Obviously, there's lots of uncertainty, but I guess what's the latest, any -- any stats on the tourism board or anything that you could put some numbers around to help us understand perhaps what the expectation is?
Ernest S. Rady -- Chairman, President and Chief Executive Officer
I don't think we could tell you anything which you could take to the bank. It's just so uncertain. On the other hand, the direction seems to be right with vaccines become available. I feel strongly that there is a pent-up demand for Americans to travel and many of us have the resources to travel. We've been pent up and for this last 9 months, and once we get out of out-of-home, we're going to travel. So, I think -- I don't know how, and I don't know when, but I expect it's coming.
Haendel St. Juste -- Mizuho -- Analyst
Fair enough. Thank you, guys. Good luck.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Thank you, Haendel.
Operator
Your next question comes from Rich Hill from Morgan Stanley.
Rich Hill -- Morgan Stanley -- Analyst
Hey, good morning guys.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Good morning, Rich.
Rich Hill -- Morgan Stanley -- Analyst
Ernest, I'm really curious about where you're going to go first when the world does reopen. But we can have that conversation offline. Bob, I do have some questions for you. I appreciate the guidance or the non-guidance guidance, is that what we're supposed to call it Bob?
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes.
Rich Hill -- Morgan Stanley -- Analyst
As you think about 2021, it occurs to us that there is a lot of noise on straight-line rents and abatements. 4Q, the miss versus our numbers was almost all straight-line rents. So, as you think about the leasing environment in 2021, and I appreciate the guidance about how we should think about the velocity in 1Q, 2Q, 3Q and 4Q. But can you maybe talk about what -- are all the abatements supposed to go away or all the deferrals supposed to go away? How are you thinking about that as you negotiate with retailers or retailers and office tenants for that matter?
Robert Barton -- Executive Vice President and Chief Financial Officer
Well, I think that -- yes, I'll try to answer that. I mean, I think, what is out there in terms of straight line, in terms of deferred rents, we expect to collect those. To the extent that we don't collect them, where we don't think that we're 75% or more confident that we're going to collect them, we'll put a reserve up. But right now, I mean we're still confident on what remains on the books in terms of collecting those in 2021, we're hopeful. And I think everybody in the real estate industry is hopeful that once this vaccine comes together, you will start seeing the retail to start opening and you'll start seeing the companies and the tenants that we do have straight-line rent across pursuing their growth in their companies that we've tried to nurse through this ugly pandemic. So, we're still confident on what we got.
Rich Hill -- Morgan Stanley -- Analyst
Got it. So, it sounds like 1Q and 2Q are going to be still a little bit messy hand-to-hand combat. But then the world would just get back to normal from an abatement and deferral standpoint and rent growth standpoint thereafter, is that a right characterization?
Robert Barton -- Executive Vice President and Chief Financial Officer
That would be my perspective, where I stand today. That's our best estimate and we think with the amount of vaccines that are being disseminated across at this point in time, I think Ernest had his second shot this last weekend.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
I've been hugging everybody since.
Robert Barton -- Executive Vice President and Chief Financial Officer
This world, this pandemic will ultimately come to an end, and things will get better.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
From both your lips to God's ears, let's make it happen.
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes.
Rich Hill -- Morgan Stanley -- Analyst
So, Steve, one quick question for you. I'm nitpicking here. But it looks like occupancy maybe declined slightly for La Jolla and One Beach, if I was looking at it correctly. Again, very, very slightly. Could you just maybe go into a little bit more detail on any quarter-over-quarter change in demand that you're seeing on those two properties?
Steve Center -- Vice President of Office Properties
It wasn't One Beach. So, you might to think about, One Beach is kind of offline right now as we redevelop it. But in UTC, we had TriNet, who had sublease their space, move out of a 6,000 foot space. That was a blip there, if you will. But we successfully renewed other tenants -- smaller tenants now, that building. So, we've been really successful holding rates. There's no COVID discount. We've been more flexible on lease term with smaller tenants who are uncertain about the future. I mean, I've got an engineering firm that's got three people over 65, and so they're kind of -- I don't know that I can commit long term right now.
Fortunately, as we pointed out on the call, we've got about 51.5% of our tenants are top-10 and very stable. Furthermore, they continue to grow. I mean, VMware, they're coming up one -- they've got 35,000 feet rolling next year and we're already in discussions about trying to find another floor form them in the building, as well as talking renewal.
So, we're fortunate in that regard. I don't know about the other property. And then here in Del Mar Heights, we strategically let a couple of smaller tenants roll to aggregate figure blocks of space. So, that's being smart about commodity space versus big blocks, which are scarce, we're going to get premium rents for. So, the blip that you saw, I mean there is some softness due to COVID, clearly. I mentioned the engineering firm.
Our teams are doing a great job of taking care of our tenants. They want to stay with us. Some just say I don't need 5,000 feet, I need 3,000. And if we're able to accommodate them and keep our existing customers, we're doing it. But we'll get -- '21 is a year for bunch of small tenants, we still have 41 tenants rolling at an average of 3,700 feet in 2021. '22 is a much better story and that about two-thirds of the tenants rolling are big. They're the VMware's, they're other bigger customers.
And then in terms of pricing power, this quarter the ending versus new rate is a bit muted, but it just depends on where. So, going through the portfolio of Bellevue, we're 97% leased, but we've got 23.5% rolling through 2022, but those are going to be outsized increases in rent. We've been very successful with rent increases there and that should continue. Portland, same story. We're 97% leased there. We've got 8.4% rolling. And again, the rates are holding up there. So, we are doing well.
San Francisco, we're out of business there until we have to renew Autodesk in 2022; and then San Diego, down here the rent increases are 2% to 6% versus 20% Portland or 30% and 35% in Bellevue.
So, it's kind of lumpy. It just depends on when you're going to make these renewals and reset rents, and what level. So, this was -- this last quarter was just a bit quiet and mainly focused on markets that aren't as hyperinflationary as Bellevue and Portland.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
One piece to make it clear, we emptied it so that we could reposition it.
Rich Hill -- Morgan Stanley -- Analyst
Okay, that's -- I'll go back and look at the disclosure. Hey Bob, just one more question for me. Given that you're guiding without guiding, can you talk about 2022 to a little bit? Is it just going to be back to -- I actually don't -- I'm not sure the market even cares about 2021 at this point. Is 2022, business as usual and all the plans that we were previously discussing this time last year fully intact?
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes, nothing has changed on that. I mean, we still expect our cash NOI to increase in the office sector by, I think, $12 million in '21, $13 million in 2022. We're just -- as we begin our development on La Jolla Commons III, which should conclude -- should be completed by the end of '23, I see a big pick up after that. And One Beach, One Beach should be finished by the end of 2022. So, what we're doing is we're taking advantage of the opportunities that currently exist within our own portfolio. We don't need any acquisitions to create value at this point in time. We're always looking, but we have plenty just within our own portfolio to create significant value.
Rich Hill -- Morgan Stanley -- Analyst
Perfect. Thanks, Bob. Thanks, everyone. I appreciate the additional color.
Robert Barton -- Executive Vice President and Chief Financial Officer
Thank you, Rich.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Thanks, Rich.
Operator
Your next question comes from the line of Todd Thomas from KeyBanc Capital Markets.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Hi, Todd.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Hi, thanks. Hi, good morning. The first question just around the color in detail for '21 and '22. Bob, appreciate those comments, and you mentioned the 4Q would likely be the bottom or close to the bottom. Is that inclusive of the $0.05 make whole that will be recognized in the first quarter, meaning that excluding that make whole, you would expect to be at around $0.46 as sort of a baseline, is that the right way to think about it?
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes, that is. I mean, so $0.41 does not include the make whole. So, that's -- so if you continue that, based on my comments, you would say start with $0.41 in Q1. From that, you would deduct $0.05 for that make whole and add -- and deduct another $0.03 for incremental interest expense in Q1. So, on the script that we just shared with you, it will give you a road map on how we -- a roadmap for a framework on how I think or we think that you can view '21.
And then in the second half of that, you make your own assessment or determine what you think the percentage should be on the pickup in that. But keep in mind, of that $0.41 for Q4 that I am suggesting we start with in Q1, that includes $0.10 of reserves, $7.6 million of reserves in the fourth quarter. So, as you start the second half, is that really going to happen? I don't think so.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Okay, got it. So, $0.41 goes to $0.36 with the make whole in the first quarter, less some incremental interest expense, and then you'd expect to build back throughout the year, obviously adjusting for the $0.05 make whole?
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes. Yes.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
That's helpful.
Robert Barton -- Executive Vice President and Chief Financial Officer
And then if you have any questions, please feel free to reach out.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Sure. I appreciate that. And then Steve or Bob, maybe regarding the $24 million of office cash NOI that's locked in, that's expected to commence during ' 21 and '22, how much of that is being straight line today versus what has yet to commence for FFO purposes on a GAAP basis?
Robert Barton -- Executive Vice President and Chief Financial Officer
Yes, I don't have that in front of me, but really that's been included in our presentation in terms of that cash NOI growth. And really what we're showing is the growth in that fad. And that obviously will drop on down, obviously has to be adjusted for anything related to the straight line on that. But I don't have the exact number on that.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Good question. Thank you.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Okay. And in terms of the 14 million in '21, what's kind of the cadence sort of quarterly, how should we think about the timing of the cash commencements throughout the year?
Robert Barton -- Executive Vice President and Chief Financial Officer
Well, in Q1 and Q2, we have big TIs going out. We have probably $25 million of TIs related to a large tenants up in Landmark. So, it will probably be more in the second half of the year.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Okay. And then at the multifamily assets, so it sounds like you saw a bounce in occupancy in January at Hassalo. Can you just talk a little bit about the pricing strategy there and use of concessions and maybe provide some color on leasing activity in general? It sounds like you're -- it seems like you're holding rates in anticipation of a further return in demand. Just curious if you could sort of talk about Hassalo a little bit and the Portland Assets?
Ernest S. Rady -- Chairman, President and Chief Executive Officer
As Steve pointed out, our office portfolio in Portland is excellent. Our portfolio of residential is we had a management issue, which we've now taken care of. So, it's too early to say how much of a recovery we're going to make. But the early indications, as Bob pointed out in his report, is that we are leasing up.
We are -- the biggest cost in real estate is vacancy. So, we may do some things in the short run to increase our occupancy, and can eliminate some of the vacancy. So, I don't know how to answer that question properly. It's too early to say. But we'll make it work, I'll tell you that.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Okay. Can you share what the occupancy build look like in January?
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Do we have that?
Robert Barton -- Executive Vice President and Chief Financial Officer
I don't.
Steve Center -- Vice President of Office Properties
I think we went from 75% or 85% or 87% occupancy, not that much.
Robert Barton -- Executive Vice President and Chief Financial Officer
No 80s.
Steve Center -- Vice President of Office Properties
No 80s?
Robert Barton -- Executive Vice President and Chief Financial Officer
I mean, yes, we don't have that right in front of us.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Let me turn the corner.
Robert Barton -- Executive Vice President and Chief Financial Officer
We're in an upward trajectory.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Okay, got it. And just one last one if I could on the master lease at Loma Palisades and Pacific Ridge. Can you just remind us when that expires and do you expect the school to reup and renew that master lease or what do you expect to happen there?
Ernest S. Rady -- Chairman, President and Chief Executive Officer
I don't know that we have an expectation. We're certainly working on it. And Abigail, do you want to say something when it expires?
Abigail Rex -- Director, Multifamily, San Diego
Hi, good morning. So that master lease for both Pacific Ridge and Loma expires on May 31 of this year.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
And have you had any discussions about renewing it or is that still off the table?
Abigail Rex -- Director, Multifamily, San Diego
So, off the table, we all hope that with the vaccine, students will be able to return to school in the fall, and that is the hope I think of every university. We'll just have to play it by year and hope that there is a renewal or that there's further partnership. But I don't have any further information at this current moment.
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Okay, all right. Thank you.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Thank you.
Adam Wyll -- Executive Vice President and Chief Operating Officer
Thanks, Todd.
Operator
Your next question comes from the line of Daniel Ismail from Green Street.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Good morning, Daniel.
Dylan -- Green Street -- Analyst
Hey, guys. This is Dylan [Phonetic] on for Danny. But hey, how are you guys doing this morning?
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Nobody here has COVID. Tested everybody.
Dylan -- Green Street -- Analyst
Just a few questions on the development of One Landmark [Phonetic]. You guys mentioned I think it's starting sometime in the next few months. You guys -- is that subject to a pre-lease, are you guys going to start that on-stack?
Steve Center -- Vice President of Office Properties
Which one?
Adam Wyll -- Executive Vice President and Chief Operating Officer
You're talking One Beach La Jolla Commons down in UTC?
Dylan -- Green Street -- Analyst
Sorry, La Jolla Commons.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
There is no pre-leasing. I had lunch yesterday with one of the senior partners in the law firm. And he said, they were considering that site and they weren't sure if we'd started. There's never been pre-leasing in San Diego. So, we have a couple of years to build it. During that time, we hope the market recovers. It's a very strong market. And that's kind of the story.
Adam Wyll -- Executive Vice President and Chief Operating Officer
Yes, hey, Dan, I think Steve's comments that he shared our very strong reasons why we should pursue that without any pre-lease. For instance like, two remaining lots in Oregon Square, that's not a -- that is something that you would want to pre-lease.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
You would want to rebuild.
Adam Wyll -- Executive Vice President and Chief Operating Officer
[Speech Overlap] Correct, yes, thank you. You'd want to get a tenant before you build that. Now, like Ernest said, in UTC, and for what Steve's comments were, those are all the comments why you would want to go forward without a tenant at this point in time. Obviously, you would love to have a tenant. But by the time you finish, that's going to be an even stronger market than it is today.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
And we've used this time to buy the project out and I think we've had some savings that we would not have had if we were trying to build a year from now.
Steve Center -- Vice President of Office Properties
So, we are going.
Dylan -- Green Street -- Analyst
Perfect. That makes sense. And then just kind of as a follow-up to that, I think our math implies $80 rent per square foot at that property. Is that -- I guess, A, is that accurate? And B, how does that compare to where you guys signed the alumina lease back in, I think, late '19 when you guys initially acquired this property over there?
Steve Center -- Vice President of Office Properties
Rents for new product are much higher. We're in the high fours strip on that, with $1.70 in expenses. I'm talking on a monthly basis. I haven't converted into a gross for annual. But the Alumina lease started 4.90 full service, and has 3% annual bond. So, and that -- the rents I just mentioned, the triple net rents I just mentioned are affirmed by two recent deals, one in June, one in December for deals new products. So, that's today's rents and that's what we put in the pro forma and we'll how the market goes, but we're bullish.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Bullish, AND we're also a printing that the economy recovers. And -- but in the short run, the leasing is less certain than we'd like. In the long run, it's a giant win. It's a great location, great property.
Dylan -- Green Street -- Analyst
Perfect. That was very helpful. Thanks, guys.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Thank you.
Operator
And I show no further questions at this time. I will now turn the call to Mr. Ernest Rady, for any closing remarks.
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Guys, thanks for all those great, great questions. I hope you're all able to get a vaccine as quickly as possible, so that we can all end this distance of interacting and we can all get together. I miss you all. I hope to work with you again as quickly as possible, and thank you for your interest in our great company.
Operator
[Operator Closing Remarks]
Duration: 50 minutes
Call participants:
Adam Wyll -- Executive Vice President and Chief Operating Officer
Ernest S. Rady -- Chairman, President and Chief Executive Officer
Robert Barton -- Executive Vice President and Chief Financial Officer
Steve Center -- Vice President of Office Properties
Chris Sullivan -- Vice President of Retail Properties
Abigail Rex -- Director, Multifamily, San Diego
Craig Schmidt -- Bank of America -- Analyst
Haendel St. Juste -- Mizuho -- Analyst
Rich Hill -- Morgan Stanley -- Analyst
Todd Thomas -- KeyBanc Capital Markets -- Analyst
Dylan -- Green Street -- Analyst
More AAT analysis
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American Assets Trust Inc (NYSE: AAT) Q4 2020 Earnings Call Feb 10, 2021, 11:00 a.m. Operator [Operator Closing Remarks] Duration: 50 minutes Call participants: Adam Wyll -- Executive Vice President and Chief Operating Officer Ernest S. Rady -- Chairman, President and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Chris Sullivan -- Vice President of Retail Properties Abigail Rex -- Director, Multifamily, San Diego Craig Schmidt -- Bank of America -- Analyst Haendel St. Juste -- Mizuho -- Analyst Rich Hill -- Morgan Stanley -- Analyst Todd Thomas -- KeyBanc Capital Markets -- Analyst Dylan -- Green Street -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Adam Wyll -- Executive Vice President and Chief Operating Officer We remain optimistic with the overall performance of our portfolio, even in light of the pandemic, and we are pleased to report that 100% of our properties are currently open and accessible by our tenants in each of our markets. | Operator [Operator Closing Remarks] Duration: 50 minutes Call participants: Adam Wyll -- Executive Vice President and Chief Operating Officer Ernest S. Rady -- Chairman, President and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Chris Sullivan -- Vice President of Retail Properties Abigail Rex -- Director, Multifamily, San Diego Craig Schmidt -- Bank of America -- Analyst Haendel St. Juste -- Mizuho -- Analyst Rich Hill -- Morgan Stanley -- Analyst Todd Thomas -- KeyBanc Capital Markets -- Analyst Dylan -- Green Street -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Inc (NYSE: AAT) Q4 2020 Earnings Call Feb 10, 2021, 11:00 a.m. We expect to use remaining $236 million of proceeds to fund our La Jolla Commons III development in the UTC submarket of San Diego, as well as continue our renovation of One Beach Street in San Francisco, with the remaining amounts for general corporate purposes and potential accretive acquisition opportunities. | Operator [Operator Closing Remarks] Duration: 50 minutes Call participants: Adam Wyll -- Executive Vice President and Chief Operating Officer Ernest S. Rady -- Chairman, President and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Chris Sullivan -- Vice President of Retail Properties Abigail Rex -- Director, Multifamily, San Diego Craig Schmidt -- Bank of America -- Analyst Haendel St. Juste -- Mizuho -- Analyst Rich Hill -- Morgan Stanley -- Analyst Todd Thomas -- KeyBanc Capital Markets -- Analyst Dylan -- Green Street -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Inc (NYSE: AAT) Q4 2020 Earnings Call Feb 10, 2021, 11:00 a.m. Adam Wyll -- Executive Vice President and Chief Operating Officer We remain optimistic with the overall performance of our portfolio, even in light of the pandemic, and we are pleased to report that 100% of our properties are currently open and accessible by our tenants in each of our markets. | Operator [Operator Closing Remarks] Duration: 50 minutes Call participants: Adam Wyll -- Executive Vice President and Chief Operating Officer Ernest S. Rady -- Chairman, President and Chief Executive Officer Robert Barton -- Executive Vice President and Chief Financial Officer Steve Center -- Vice President of Office Properties Chris Sullivan -- Vice President of Retail Properties Abigail Rex -- Director, Multifamily, San Diego Craig Schmidt -- Bank of America -- Analyst Haendel St. Juste -- Mizuho -- Analyst Rich Hill -- Morgan Stanley -- Analyst Todd Thomas -- KeyBanc Capital Markets -- Analyst Dylan -- Green Street -- Analyst More AAT analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. American Assets Trust Inc (NYSE: AAT) Q4 2020 Earnings Call Feb 10, 2021, 11:00 a.m. Ernest S. Rady -- Chairman, President and Chief Executive Officer Haendel, that's a very good question. |
20997.0 | 2020-12-09 00:00:00 UTC | Don't Ignore The Fact That This Insider Just Sold Some Shares In American Assets Trust, Inc. (NYSE:AAT) | AAT | https://www.nasdaq.com/articles/dont-ignore-the-fact-that-this-insider-just-sold-some-shares-in-american-assets-trust-inc. | nan | nan | We'd be surprised if American Assets Trust, Inc. (NYSE:AAT) shareholders haven't noticed that the Executive VP & COO, Adam Wyll, recently sold US$257k worth of stock at US$30.20 per share. However, the silver lining is that the sale only reduced their total holding by 6.7%, so we're hesitant to read anything much into it, on its own.
American Assets Trust Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Chairman Ernest Rady bought US$1.1m worth of shares at a price of US$25.32 per share. So it's clear an insider wanted to buy, at around the current price, which is US$29.42. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the American Assets Trust insider decided to buy shares at close to current prices. Ernest Rady was the only individual insider to buy shares in the last twelve months.
Ernest Rady purchased 89.23k shares over the year. The average price per share was US$29.84. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:AAT Insider Trading Volume December 10th 2020
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of American Assets Trust
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that American Assets Trust insiders own 9.9% of the company, worth about US$224m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About American Assets Trust Insiders?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about American Assets Trust. That's what I like to see! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 3 warning signs for American Assets Trust (1 shouldn't be ignored!) that we believe deserve your full attention.
Of course American Assets Trust may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We'd be surprised if American Assets Trust, Inc. (NYSE:AAT) shareholders haven't noticed that the Executive VP & COO, Adam Wyll, recently sold US$257k worth of stock at US$30.20 per share. NYSE:AAT Insider Trading Volume December 10th 2020 There are always plenty of stocks that insiders are buying. Happily, the American Assets Trust insider decided to buy shares at close to current prices. | We'd be surprised if American Assets Trust, Inc. (NYSE:AAT) shareholders haven't noticed that the Executive VP & COO, Adam Wyll, recently sold US$257k worth of stock at US$30.20 per share. NYSE:AAT Insider Trading Volume December 10th 2020 There are always plenty of stocks that insiders are buying. American Assets Trust Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Chairman Ernest Rady bought US$1.1m worth of shares at a price of US$25.32 per share. | We'd be surprised if American Assets Trust, Inc. (NYSE:AAT) shareholders haven't noticed that the Executive VP & COO, Adam Wyll, recently sold US$257k worth of stock at US$30.20 per share. NYSE:AAT Insider Trading Volume December 10th 2020 There are always plenty of stocks that insiders are buying. American Assets Trust Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Chairman Ernest Rady bought US$1.1m worth of shares at a price of US$25.32 per share. | We'd be surprised if American Assets Trust, Inc. (NYSE:AAT) shareholders haven't noticed that the Executive VP & COO, Adam Wyll, recently sold US$257k worth of stock at US$30.20 per share. NYSE:AAT Insider Trading Volume December 10th 2020 There are always plenty of stocks that insiders are buying. American Assets Trust Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Chairman Ernest Rady bought US$1.1m worth of shares at a price of US$25.32 per share. |
20998.0 | 2020-12-08 00:00:00 UTC | American Assets Trust, Inc. (AAT) Ex-Dividend Date Scheduled for December 09, 2020 | AAT | https://www.nasdaq.com/articles/american-assets-trust-inc.-aat-ex-dividend-date-scheduled-for-december-09-2020-2020-12-08 | nan | nan | American Assets Trust, Inc. (AAT) will begin trading ex-dividend on December 09, 2020. A cash dividend payment of $0.25 per share is scheduled to be paid on December 24, 2020. Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -16.67% decrease from prior dividend payment. At the current stock price of $30.06, the dividend yield is 3.33%.
The previous trading day's last sale of AAT was $30.06, representing a -37.57% decrease from the 52 week high of $48.15 and a 49.18% increase over the 52 week low of $20.15.
AAT is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) (AMT) and Prologis, Inc. (PLD). AAT's current earnings per share, an indicator of a company's profitability, is $.63. Zacks Investment Research reports AAT's forecasted earnings growth in 2020 as -11.97%, compared to an industry average of -21.6%.
For more information on the declaration, record and payment dates, visit the AAT Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AAT is a part of the Consumer Services sector, which includes companies such as American Tower Corporation (REIT) (AMT) and Prologis, Inc. (PLD). Zacks Investment Research reports AAT's forecasted earnings growth in 2020 as -11.97%, compared to an industry average of -21.6%. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. AAT's current earnings per share, an indicator of a company's profitability, is $.63. American Assets Trust, Inc. (AAT) will begin trading ex-dividend on December 09, 2020. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAT was $30.06, representing a -37.57% decrease from the 52 week high of $48.15 and a 49.18% increase over the 52 week low of $20.15. For more information on the declaration, record and payment dates, visit the AAT Dividend History page. | Shareholders who purchased AAT prior to the ex-dividend date are eligible for the cash dividend payment. American Assets Trust, Inc. (AAT) will begin trading ex-dividend on December 09, 2020. The previous trading day's last sale of AAT was $30.06, representing a -37.57% decrease from the 52 week high of $48.15 and a 49.18% increase over the 52 week low of $20.15. |
20999.0 | 2020-12-07 00:00:00 UTC | Ex-Dividend Reminder: Travelers Companies, American Assets Trust and Rogers Communications | AAT | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-travelers-companies-american-assets-trust-and-rogers-communications | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 12/9/20, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Rogers Communications Inc (Symbol: RCI) will all trade ex-dividend for their respective upcoming dividends. Travelers Companies Inc will pay its quarterly dividend of $0.85 on 12/31/20, American Assets Trust Inc will pay its quarterly dividend of $0.25 on 12/24/20, and Rogers Communications Inc will pay its quarterly dividend of $0.50 on 1/4/21. As a percentage of TRV's recent stock price of $134.42, this dividend works out to approximately 0.63%, so look for shares of Travelers Companies Inc to trade 0.63% lower — all else being equal — when TRV shares open for trading on 12/9/20. Similarly, investors should look for AAT to open 0.81% lower in price and for RCI to open 1.05% lower, all else being equal.
Below are dividend history charts for TRV, AAT, and RCI, showing historical dividends prior to the most recent ones declared.
Travelers Companies Inc (Symbol: TRV):
American Assets Trust Inc (Symbol: AAT):
Rogers Communications Inc (Symbol: RCI):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.53% for Travelers Companies Inc , 3.25% for American Assets Trust Inc, and 4.22% for Rogers Communications Inc.
In Monday trading, Travelers Companies Inc shares are currently off about 1.3%, American Assets Trust Inc shares are off about 1.1%, and Rogers Communications Inc shares are down about 0.8% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 12/9/20, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Rogers Communications Inc (Symbol: RCI) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 0.81% lower in price and for RCI to open 1.05% lower, all else being equal. Below are dividend history charts for TRV, AAT, and RCI, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 12/9/20, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Rogers Communications Inc (Symbol: RCI) will all trade ex-dividend for their respective upcoming dividends. Travelers Companies Inc (Symbol: TRV): American Assets Trust Inc (Symbol: AAT): Rogers Communications Inc (Symbol: RCI): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.81% lower in price and for RCI to open 1.05% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 12/9/20, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Rogers Communications Inc (Symbol: RCI) will all trade ex-dividend for their respective upcoming dividends. Travelers Companies Inc (Symbol: TRV): American Assets Trust Inc (Symbol: AAT): Rogers Communications Inc (Symbol: RCI): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for AAT to open 0.81% lower in price and for RCI to open 1.05% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 12/9/20, Travelers Companies Inc (Symbol: TRV), American Assets Trust Inc (Symbol: AAT), and Rogers Communications Inc (Symbol: RCI) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for AAT to open 0.81% lower in price and for RCI to open 1.05% lower, all else being equal. Below are dividend history charts for TRV, AAT, and RCI, showing historical dividends prior to the most recent ones declared. |
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