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

American Assets Trust, Inc. (NYSE:AAT) shares reached a new 52-week high during trading on Thursday . The company traded as high as $25.34 and last traded at $25.2110, with a volume of 266407 shares changing hands. The stock had previously closed at $24.69.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AAT shares. Morgan Stanley upped their target price 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. Weiss Ratings raised American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $18.50.

American Assets Trust Trading Up 2.1%

The stock has a 50 day moving average of $22.73 and a 200 day moving average of $20.23. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.04 and a quick ratio of 3.04. The firm has a market cap of $1.55 billion, a P/E ratio of 86.94 and a beta of 0.96.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $110.59 million during the quarter, compared to analysts’ expectations of $109.78 million. American Assets Trust had a return on equity of 1.65% and a net margin of 4.16%.American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, equities research analysts predict 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 was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.36 annualized dividend and a yield of 5.4%. American Assets Trust’s dividend payout ratio is currently 468.97%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. BROOKFIELD Corp ON lifted its holdings in shares of American Assets Trust by 63.3% in the 1st quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 621 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of American Assets Trust by 262.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,234 shares during the last quarter. Blue Trust Inc. raised its position in American Assets Trust by 5,717.7% in the 1st quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 3,545 shares during the period. Federation des caisses Desjardins du Quebec raised its position in American Assets Trust by 27.4% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 893 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in American Assets Trust by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 1,165 shares during the period. 90.41% of the stock is owned by hedge funds and other 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.