American Assets Trust (NYSE:AAT) Sets New 12-Month High – What’s Next?

Shares of American Assets Trust, Inc. (NYSE:AAT) reached a new 52-week high on Friday . The company traded as high as $24.11 and last traded at $24.0360, with a volume of 62064 shares trading hands. The stock had previously closed at $23.86.

Analyst Ratings Changes

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

American Assets Trust Price Performance

The stock has a fifty day moving average of $20.75 and a two-hundred day moving average of $19.53. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 82.92 and a beta of 0.98. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 1.58.

American Assets Trust (NYSE:AAT) last released 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 firm had revenue of $110.59 million during the quarter, compared to analyst estimates of $109.78 million. American Assets Trust had a net margin of 4.16% and a return on equity of 1.65%. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, equities research analysts forecast 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. Stockholders of record on Thursday, June 4th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, June 4th. American Assets Trust’s dividend payout ratio (DPR) is 468.97%.

Institutional Investors Weigh In On American Assets Trust

Several hedge funds and other institutional investors have recently made changes to their positions in AAT. Royal Bank of Canada increased its stake in shares of American Assets Trust by 38.7% in the 1st quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust’s stock valued at $678,000 after buying an additional 9,393 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of American Assets Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,490 shares of the real estate investment trust’s stock valued at $574,000 after buying an additional 1,240 shares during the period. Jane Street Group LLC increased its stake in shares of American Assets Trust by 534.0% in the 1st quarter. Jane Street Group LLC now owns 158,297 shares of the real estate investment trust’s stock valued at $3,188,000 after buying an additional 133,329 shares during the period. Strs Ohio acquired a new stake in shares of American Assets Trust in the 1st quarter valued at $175,000. Finally, Creative Planning acquired a new stake in shares of American Assets Trust in the 2nd quarter valued at $253,000. 90.41% of the stock is owned by institutional investors and hedge funds.

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.