American Assets Trust (NYSE:AAT) Hits New 1-Year High – What’s Next?

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

Analyst Upgrades and Downgrades

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

American Assets Trust Stock Down 1.0%

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 $1.45 billion, a price-to-earnings ratio of 81.46 and a beta of 0.98. The stock’s fifty day moving average price is $20.86 and its 200-day moving average price is $19.56.

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). 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, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $0.34 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.8%. American Assets Trust’s dividend payout ratio (DPR) is 468.97%.

Hedge Funds Weigh In On American Assets Trust

A number of institutional investors have recently added to or reduced their stakes in AAT. Smartleaf Asset Management LLC increased its holdings in American Assets Trust by 95.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 696 shares during the last quarter. BROOKFIELD Corp ON increased its holdings in American Assets Trust by 63.3% during 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 during the last quarter. EverSource Wealth Advisors LLC increased its holdings in American Assets Trust by 262.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,234 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in American Assets Trust by 56.2% during the third quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 646 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in American Assets Trust by 5,717.7% during the first quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 3,545 shares during the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

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.