October's 5 Dividend Growth Stocks With 5.10%+ Yields
Dividend growth stocks can offer a passive way to grow your cash flow over time that can be used to pay the bills during retirement. We screen for some attractive names to consider, looking at dividend safety, growth and consistency, highlighting 5 that come with some of the highest yields. This month, we have 3 familiar names that make the screening regularly, but we also have 2 new names that we haven't touched on previously.
Is the Options Market Predicting a Spike in American Assets (AAT) Stock?
Investors need to pay close attention to American Assets (AAT) stock based on the movements in the options market lately.
Two Dividend-Yielding REITs With Solid Upside Potential
REITs are attractive for income investors due to their high dividend payouts, and office REITs, in particular, offer solid long-term upside as office activity could see an increase in 2025/2026. Kilroy Realty Corp. has underperformed its peers but offers a 5.7% dividend yield, a well-covered payout ratio, and a strong balance sheet with investment-grade credit. American Assets Trust has shown better recent performance with a 15.14% share price increase, solid balance sheet, and growth potential in affluent areas like San Diego and Honolulu.
Fed Ahead
Following their worst week since mid-2023, U.S. equity markets rebounded this week while benchmark interest rates dipped to two-year lows as investors parsed a relatively encouraging slate of inflation data. The critical CPI and PPI reports showed that - excluding the dubious shelter component - consumer and producer price pressures now appear well-contained, following the painful pandemic-era inflation surge. The S&P 500 rallied 4.0%, lifting the major equity benchmark to within 0.5% of fresh record highs. The policy-sensitive 2-Year Treasury Yield dipped to the lowest level in two years.
The September Swoon
U.S. equity markets posted their worst week since March 2023 while benchmark interest rates tumbled to eighteen-month lows after employment data indicated a further cooling in economic momentum. Among several disappointing reports, BLS Nonfarm Payrolls data showed that the U.S. economy added just 142k jobs in August, while prior months were again revised sharply lower. Snapping a four-week winning streak that lifted the major benchmark to the cusp of record highs, the S&P 500 tumbled 4.1% this week. Technology stocks dragged on the downside.
2 Unbeloved REITs That Offer Long-Term Upside Potential
Quality over quantity should be emphasized when selecting stocks. In this article, I recommend two office REITs I consider to fit the bill. Cousins Properties and American Assets Trust are highlighted as high-quality office REIT options, benefiting from favorable property locations and potential growth. Both offer attractive dividends, solid balance sheets, and attractive property locations, making them good buys for the long term.
American Assets Trust: Collect A 5.2% Yield From This Quality Office REIT
American Assets Trust has performed well, despite pandemic uncertainties surrounding the office sector, offering a 5% yield and solid financials. AAT's office portfolio is strong at 86.6%. They also saw strong leasing activity during their latest quarter, positioning them well for the future. With a 5.2% forward yield, growing FFO, and manageable debt, AAT is a quality REIT that offers potential upside for long-term investors.
American Assets Trust, Inc. (AAT) Q2 2024 Earnings Call Transcript
American Assets Trust, Inc. (NYSE:AAT ) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Ernest Rady - Chairman and CEO Adam Wyll - COO Bob Barton - CFO Steve Center - SVP-Office Properties Jerry Gammieri - SVP, Construction and Development Conference Call Participants Haendel St. Juste - Mizuho Antara Nag-Chaudhuri - KeyBanc Capital Markets Ronald Kamdem - Morgan Stanley Dylan Burzinski - Green Street Operator Welcome to American Assets Trust Inc.'s Second Quarter 2024 Earnings Call. As a reminder, today's conference is being recorded.
American Assets Trust (AAT) Surpasses Q2 FFO and Revenue Estimates
American Assets Trust (AAT) came out with quarterly funds from operations (FFO) of $0.60 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to FFO of $0.59 per share a year ago.
American Assets Trust: Office Weakness Trumps Green Shoots In Mixed-Use
American Assets Trust is a diversified REIT with a 50.1% exposure to the office sector. Net operating income grew 1.5% Y/Y in Q1 2024 on strength in hotels. Occupancy was down Y/Y in offices but increased in all other property sectors.
Panagora Asset Management Inc. Acquires 2,126 Shares of American Assets Trust, Inc. (NYSE:AAT)
Panagora Asset Management Inc. lifted its holdings in American Assets Trust, Inc. (NYSE:AAT – Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,729 shares of the real estate investment trust’s stock after buying an additional 2,126 shares during the period. Panagora Asset Management Inc. owned about 0.20% of American Assets Trust worth $2,763,000 at the end of the most recent reporting period. Other hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. purchased a new stake in American Assets Trust during the fourth quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC lifted its position in American Assets Trust by 87.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 856 shares during the last quarter. Quadrant Capital Group LLC lifted its position in American Assets Trust by 265.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,061 shares during the last quarter. Van ECK Associates Corp boosted its stake in American Assets Trust by 18.2% during the third quarter. Van ECK Associates Corp now owns 6,477 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 998 shares during the period. Finally, abrdn plc purchased a new stake in shares of American Assets Trust in the fourth quarter valued at $206,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes Separately, Mizuho reduced their price objective on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. View Our Latest Report on AAT American Assets Trust Price Performance Shares of AAT stock opened at $22.95 on Monday. The stock has a 50 day moving average price of $21.43 and a 200 day moving average price of $21.53. The firm has a market capitalization of $1.40 billion, a P/E ratio of 25.79 and a beta of 1.25. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.02 and a current ratio of 3.02. American Assets Trust, Inc. has a 52-week low of $17.15 and a 52-week high of $23.92. American Assets Trust (NYSE:AAT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.35). The company had revenue of $110.70 million during the quarter, compared to the consensus estimate of $106.39 million. American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, sell-side analysts predict that American Assets Trust, Inc. will post 2.26 earnings per share for the current year. American Assets Trust Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.335 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.34 annualized dividend and a yield of 5.84%. American Assets Trust’s dividend payout ratio (DPR) is currently 150.56%. American Assets Trust Company Profile (Free Report) American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.
Natixis Advisors L.P. Has $321,000 Holdings in American Assets Trust, Inc. (NYSE:AAT)
Natixis Advisors L.P. trimmed its stake in American Assets Trust, Inc. (NYSE:AAT – Free Report) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,293 shares of the real estate investment trust’s stock after selling 1,351 shares during the period. Natixis Advisors L.P.’s holdings in American Assets Trust were worth $321,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of American Assets Trust by 87.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 856 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in American Assets Trust by 1.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 56,400 shares of the real estate investment trust’s stock valued at $1,097,000 after buying an additional 900 shares in the last quarter. Van ECK Associates Corp grew its stake in American Assets Trust by 18.2% during the third quarter. Van ECK Associates Corp now owns 6,477 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 998 shares during the last quarter. Swiss National Bank increased its holdings in shares of American Assets Trust by 1.0% during the third quarter. Swiss National Bank now owns 113,400 shares of the real estate investment trust’s stock worth $2,206,000 after buying an additional 1,100 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of American Assets Trust in the fourth quarter valued at approximately $25,000. Institutional investors own 90.43% of the company’s stock. Analyst Ratings Changes Separately, Mizuho decreased their price target on American Assets Trust from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Get Our Latest Stock Report on AAT American Assets Trust Stock Performance American Assets Trust stock opened at $22.95 on Monday. American Assets Trust, Inc. has a 12-month low of $17.15 and a 12-month high of $23.92. The stock has a 50-day simple moving average of $21.43 and a 200 day simple moving average of $21.53. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 25.79 and a beta of 1.25. American Assets Trust (NYSE:AAT – Get Free Report) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.35). The company had revenue of $110.70 million for the quarter, compared to analyst estimates of $106.39 million. American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. During the same quarter in the previous year, the company posted $0.66 earnings per share. On average, research analysts anticipate that American Assets Trust, Inc. will post 2.26 earnings per share for the current fiscal year. American Assets Trust Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a $0.335 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.34 annualized dividend and a dividend yield of 5.84%. American Assets Trust’s dividend payout ratio (DPR) is currently 150.56%. About American Assets Trust (Free Report) American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.
