American Assets Trust (NYSE:AAT) Sets New 52-Week High – Time to Buy?

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

Wall Street Analyst Weigh In

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

American Assets Trust Price Performance

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 company has a market capitalization of $1.44 billion, a P/E ratio of 80.62 and a beta of 0.95. The company’s 50-day simple moving average is $20.19 and its 200 day simple moving average is $19.35.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $110.59 million during the quarter, compared to the consensus estimate 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, sell-side analysts expect that American Assets Trust, Inc. will post 2.03 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Thursday, June 4th. American Assets Trust’s payout ratio is currently 468.97%.

Institutional Trading of American Assets Trust

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in American Assets Trust by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,677,140 shares of the real estate investment trust’s stock worth $145,328,000 after acquiring an additional 132,887 shares in the last quarter. Senvest Management LLC grew its position in American Assets Trust by 22.1% in the first quarter. Senvest Management LLC now owns 3,577,054 shares of the real estate investment trust’s stock worth $65,854,000 after acquiring an additional 647,618 shares in the last quarter. LSV Asset Management grew its position in American Assets Trust by 0.9% in the fourth quarter. LSV Asset Management now owns 1,845,156 shares of the real estate investment trust’s stock worth $34,929,000 after acquiring an additional 16,360 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 918,635 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in American Assets Trust by 4.8% in the second quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust’s stock worth $22,696,000 after acquiring an additional 56,553 shares in the last quarter. 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.