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

Shares of American Assets Trust, Inc. (NYSE:AAT) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $24.95 and last traded at $25.0080, with a volume of 46285 shares trading hands. The stock had previously closed at $24.57.

Analyst Ratings Changes

A number of equities analysts recently commented on AAT shares. Weiss Ratings raised American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Morgan Stanley lifted 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 analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $18.50.

American Assets Trust Stock Performance

The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 1.58. The business’s 50 day moving average is $22.37 and its two-hundred day moving average is $20.07. The company has a market cap of $1.52 billion, a PE ratio of 85.45 and a beta of 0.98.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). American Assets Trust had a return on equity of 1.65% and a net margin of 4.16%.The firm had revenue of $110.59 million during 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. On average, equities research analysts anticipate that American Assets Trust, Inc. will post 2.03 EPS for the current year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Thursday, June 4th. American Assets Trust’s dividend payout ratio (DPR) is 468.97%.

Institutional Investors Weigh In On American Assets Trust

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