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

American Assets Trust, Inc. (NYSE:AAT)’s share price reached a new 52-week high during 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.

Analyst Upgrades and Downgrades

AAT has been the subject of several recent research reports. Weiss Ratings upgraded American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Morgan Stanley boosted 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. Finally, Wall Street Zen upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Assets Trust has a consensus rating of “Reduce” and an average price target of $18.50.

American Assets Trust Trading Up 0.6%

The company has a 50 day moving average price of $21.22 and a 200 day moving average price of $19.68. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 84.72 and a beta of 0.98. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.04 and a current ratio of 3.04.

American Assets Trust (NYSE:AAT) last announced its quarterly 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). 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 during the quarter, compared to analyst estimates of $109.78 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. On average, research analysts expect that American Assets Trust, Inc. will post 2.03 earnings per share 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. Investors of record on Thursday, June 4th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.36 annualized dividend and a yield of 5.5%. American Assets Trust’s dividend payout ratio is presently 468.97%.

Institutional Investors Weigh In On American Assets Trust

Large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in American Assets Trust by 95.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 696 shares during the period. BROOKFIELD Corp ON lifted its position in American Assets Trust by 63.3% during 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 period. EverSource Wealth Advisors LLC lifted its position in 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 during the period. Hantz Financial Services Inc. lifted its holdings in shares of American Assets Trust by 56.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 646 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of 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 valued at $66,000 after buying an additional 3,545 shares during the period. Hedge funds and other institutional investors own 90.41% of the company’s stock.

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.