American Assets Trust (NYSE:AAT) Sets New 1-Year High – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AAT shares. 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 lifted their price objective 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 investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $18.50.

American Assets Trust Stock Performance

The company’s 50-day simple moving average is $22.47 and its 200-day simple moving average is $20.10. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 86.64 and a beta of 0.98. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 1.58.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data 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). The company had revenue of $110.59 million for the quarter, compared to the consensus estimate of $109.78 million. American Assets Trust had a return on equity of 1.65% and a net margin of 4.16%.American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Analysts predict that American Assets Trust, Inc. will post 2.03 EPS for the current fiscal year.

American Assets Trust Announces Dividend

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 annualized dividend and a yield of 5.4%. The ex-dividend date was Thursday, June 4th. American Assets Trust’s payout ratio is presently 468.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Waterfall Asset Management LLC acquired a new stake in shares of American Assets Trust during the third quarter valued at approximately $6,394,000. Argosy Lionbridge Management LLC purchased a new position in American Assets Trust during the 3rd quarter worth approximately $4,366,000. JPMorgan Chase & Co. raised its stake in American Assets Trust by 189.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,665 shares of the real estate investment trust’s stock valued at $28,502,000 after purchasing an additional 918,635 shares during the period. Algert Global LLC raised its stake in American Assets Trust by 44.1% during the 3rd quarter. Algert Global LLC now owns 406,562 shares of the real estate investment trust’s stock valued at $8,261,000 after purchasing an additional 124,347 shares during the period. Finally, Strs Ohio lifted its holdings in shares of American Assets Trust by 2,773.5% in the fourth quarter. Strs Ohio now owns 281,600 shares of the real estate investment trust’s stock valued at $5,331,000 after purchasing an additional 271,800 shares in 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.