American Assets Trust (NYSE:AAT) Hits New 12-Month High – Here’s What Happened

American Assets Trust, Inc. (NYSE:AAT) reached a new 52-week high during trading on Thursday . The company traded as high as $25.34 and last traded at $25.2110, with a volume of 266407 shares. The stock had previously closed at $24.69.

Wall Street Analysts Forecast Growth

AAT has been the subject of several research reports. Weiss Ratings upgraded shares of 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 target price 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 analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $18.50.

American Assets Trust Price Performance

The stock has a market cap of $1.55 billion, a P/E ratio of 86.94 and a beta of 0.96. 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 business’s 50-day simple moving average is $22.73 and its two-hundred day simple moving average is $20.23.

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 analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $110.59 million for the quarter, compared to analysts’ expectations 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. Sell-side analysts expect that American Assets Trust, Inc. will post 2.03 EPS for the current year.

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $0.34 dividend. The ex-dividend date was Thursday, June 4th. This represents a $1.36 annualized dividend and a dividend yield of 5.4%. American Assets Trust’s payout ratio is 468.97%.

Institutional Trading of American Assets Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in AAT. Amundi boosted its stake in American Assets Trust by 7.6% in the 1st quarter. Amundi now owns 34,617 shares of the real estate investment trust’s stock worth $637,000 after purchasing an additional 2,455 shares during the period. Royal Bank of Canada boosted its position in shares of American Assets Trust by 14.5% in the first quarter. Royal Bank of Canada now owns 59,471 shares of the real estate investment trust’s stock valued at $1,095,000 after acquiring an additional 7,551 shares during the period. Quantinno Capital Management LP grew its stake in American Assets Trust by 149.6% during the first quarter. Quantinno Capital Management LP now owns 67,506 shares of the real estate investment trust’s stock valued at $1,243,000 after acquiring an additional 40,465 shares in the last quarter. BROOKFIELD Corp ON grew its stake 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 valued at $29,000 after acquiring an additional 621 shares in the last quarter. Finally, Senvest Management LLC increased its holdings in American Assets Trust by 22.1% during the 1st 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 during the period. 90.41% of the stock is currently 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.