American Assets Trust (NYSE:AAT) Reaches New 52-Week High – Should You Buy?

Shares of American Assets Trust, Inc. (NYSE:AAT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.81 and last traded at $24.5680, with a volume of 389621 shares. The stock had previously closed at $24.42.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AAT shares. Weiss Ratings upgraded American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Morgan Stanley raised their price target on American Assets Trust from $17.00 to $18.00 and gave the stock an “underweight” rating in a research note on Thursday, March 26th. Finally, Wall Street Zen upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $18.50.

American Assets Trust Trading Down 0.3%

The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 1.58. The stock has a fifty day simple moving average of $21.46 and a 200 day simple moving average of $19.75. The firm has a market capitalization of $1.50 billion, a P/E ratio of 84.15 and a beta of 0.98.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $109.78 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, research analysts forecast that American Assets Trust, Inc. will post 2.03 EPS for the current year.

American Assets Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 5.6%. 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

Several large investors have recently made changes to their positions in AAT. Senvest Management LLC increased its holdings in shares of American Assets Trust by 62.4% in the fourth quarter. Senvest Management LLC now owns 2,929,436 shares of the real estate investment trust’s stock worth $55,454,000 after purchasing an additional 1,125,474 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of American Assets Trust by 189.8% in the third quarter. JPMorgan Chase & Co. now owns 1,402,665 shares of the real estate investment trust’s stock worth $28,502,000 after purchasing an additional 918,635 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of American Assets Trust in the fourth quarter worth about $7,124,000. Citadel Advisors LLC increased its holdings in shares of American Assets Trust by 306.7% in the third quarter. Citadel Advisors LLC now owns 493,832 shares of the real estate investment trust’s stock worth $10,035,000 after purchasing an additional 372,397 shares during the last quarter. Finally, Waterfall Asset Management LLC bought a new stake in shares of American Assets Trust in the third quarter worth about $6,394,000. 90.41% of the stock is owned by institutional investors.

American Assets Trust Company Profile

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.