American Assets Trust (NYSE:AAT) Sets New 52-Week High – Here’s What Happened

Shares of American Assets Trust, Inc. (NYSE:AAT) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.97 and last traded at $22.70, with a volume of 30887 shares. The stock had previously closed at $22.78.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings upgraded American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Wall Street Zen upgraded American Assets Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Morgan Stanley raised their price objective on American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Thursday, March 26th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Assets Trust presently has an average rating of “Reduce” and a consensus price target of $18.50.

American Assets Trust Trading Down 1.2%

The stock’s fifty day simple moving average is $20.05 and its two-hundred day simple moving average is $19.30. The firm has a market cap of $1.38 billion, a PE ratio of 77.59 and a beta of 0.95. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 1.58.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). American Assets Trust had a net margin of 4.16% and a return on equity of 1.65%. The business had revenue of $110.59 million for the quarter, compared to analysts’ expectations of $109.78 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. On average, sell-side analysts forecast that American Assets Trust, Inc. will post 2.03 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, June 4th. American Assets Trust’s payout ratio is 468.97%.

Institutional Investors Weigh In On American Assets Trust

A number of institutional investors have recently modified their holdings of AAT. Allianz Asset Management GmbH boosted its stake in American Assets Trust by 10.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 653,299 shares of the real estate investment trust’s stock worth $13,275,000 after purchasing an additional 62,340 shares in the last quarter. Waterfall Asset Management LLC bought a new stake in American Assets Trust during the 3rd quarter valued at about $6,394,000. Argosy Lionbridge Management LLC purchased a new position in American Assets Trust in the third quarter worth about $4,366,000. Denali Advisors LLC purchased a new position in American Assets Trust in the third quarter worth about $1,276,000. Finally, AlphaQuest LLC bought a new position in shares of American Assets Trust in the third quarter worth approximately $1,429,000. 90.41% of the stock is owned by hedge funds and other institutional investors.

About American Assets Trust

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.