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

American Assets Trust

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

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

News

Offerings

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

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

Price Target

Analyst Ratings

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

Guidance

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

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

Earnings

Earnings Beats

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

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

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

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

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

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

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

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

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

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Earnings Scheduled For February 6, 2024

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

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

American Assets Trust Filed For Mixed Shelf; Size Not Disclosed

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

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

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

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

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

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

U.S. stock futures traded mixed this morning on Monday. Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Citius Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctxr#NASDAQ">CTXR</a>) shares dipped 9% to $1.02 in pre-market trading after the company received FDA Complete Response Letter for Lymphir (Denileukin Diftitox) for relapsed/refractory cutaneous T-cell lymphoma.</li>
<li>American Assets Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aat#NYSE">AAT</a>) shares declined 7% to $20.84 in pre-market trading. American Assets Trust recently posted upbeat second-quarter sales.</li>
<li>Gaotu Techedu Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gotu#NYSE">GOTU</a>) shares declined 5.4% to $4.18 in pre-market trading after jumping 14% on Friday.</li>
<li>Westlake Chemical Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wlkp#NYSE">WLKP</a>) shares fell 4.5% to $22.01 in pre-market trading. Westlake Chemical Partners is expected to release its second quarter 2023 earnings on Aug. 3, 2023.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) shares fell 4.5% to $22.35 in pre-market trading. Jefferies recently upgraded the stock from Hold to Buy and raised its price target from $7.8 to $25.3.</li>
<li>SIGA Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/siga#NASDAQ">SIGA</a>) shares declined 4.2% to $5.30 in pre-market trading. SIGA shares gained around 9% on Friday after the company announced a $138 million US government contract for oral and IV TPOXX treatment.</li>
<li>CSX Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csx#NASDAQ">CSX</a>) shares fell 3.6% to $32.60 in pre-market trading. RBC Capital downgraded CSX from Outperform to Sector Perform and announced a $35 price target.</li>
<li>Niu Technologies (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/niu#NASDAQ">NIU</a>) shares slipped 3.5% to $4.14 in pre-market trading. Niu Technologies is expected to report its financial results for the second quarter on Aug. 14, 2023.</li>
</ul>

&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/07/33464731/on-semiconductor-western-digital-and-3-stocks-to-watch-heading-into-monday"> ON Semiconductor, Western Digital And 3 Stocks To Watch Heading Into Monday</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

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CSX, Citius Pharmaceuticals And Other Big Stocks Moving Lower In Friday's Pre-Market Session

American Assets Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) reported quarterly earnings of $0.59 per share. This is a 1.72 percent increase over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $109.72 million which beat the analyst consensus estimate of $105.13 million by 4.37 percent. This is a 5.34 percent increase over sales of $104.16 million the same period last year.

American Assets Trust Q2 EPS $0.59 Up From $0.58 YoY, Sales $109.72M Beat $105.13M Estimate

American Assets Trust Sees FY23 FFO $2.28-$2.36, Up 2% YoY

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Earnings Scheduled For July 25, 2023

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
American Assets Trust (NYSE:<a href="https://investorplace.com/stock-quotes/aat-stock-quote/">AAT</a>) just reported results for the second quarter of 2024.<ul><li>American Assets Trust reported earnings per share of 60 cents. This was above the analyst estimate for EPS of 54 cents.</li><li>The company reported revenue of $110.89 million.</li><li>This was 1.83% better than the analyst estimate for revenue of $108.90 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/aat-stock-earnings-american-assets-trust-for-q2-of-2024/">AAT Stock Earnings: American Assets Trust Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

AAT Stock Earnings: American Assets Trust Beats EPS, Beats Revenue for Q2 2024

American Assets Trust declares $0.335 dividend

American Assets Trust, Inc. (AAT) Q2 2024 Earnings Call Transcript

American Assets Trust: Collect A 5.2% Yield From This Quality Office REIT

2 Unbeloved REITs That Offer Long-Term Upside Potential

The September Swoon

American Assets Trust prices $525M of 6.150% senior unsecured notes due 2034

Two Dividend-Yielding REITs With Solid Upside Potential

SA Chart: Which sector will benefit the most from interest rate cuts?

2 Under-The-Radar REITs Retirees Should Get Familiar With

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American Assets Trust

American Assets Trust (AAT) Forecast

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