American Assets Trust (NYSE:AAT) Sets New 12-Month High – Here’s Why

American Assets Trust, Inc. (NYSE:AAT)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $27.93 and last traded at $27.93, with a volume of 21754 shares. The stock had previously closed at $27.19.

Analyst Upgrades and Downgrades

Separately, Mizuho increased their price objective on shares of American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th.

American Assets Trust Price Performance

The company has a debt-to-equity ratio of 1.48, a quick ratio of 3.03 and a current ratio of 3.03. The company has a market cap of $1.70 billion, a PE ratio of 31.33 and a beta of 1.30. The company’s 50-day simple moving average is $26.45 and its 200 day simple moving average is $23.74.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.33). American Assets Trust had a net margin of 12.00% and a return on equity of 4.62%. The business had revenue of $110.89 million during the quarter, compared to analysts’ expectations of $107.66 million. During the same period in the prior year, the business earned $0.59 EPS. On average, sell-side analysts predict that American Assets Trust, Inc. will post 2.32 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.34 annualized dividend and a dividend yield of 4.81%. American Assets Trust’s dividend payout ratio (DPR) is currently 150.56%.

Institutional Investors Weigh In On American Assets Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in American Assets Trust by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 8,155,531 shares of the real estate investment trust’s stock worth $178,688,000 after acquiring an additional 804,009 shares in the last quarter. LSV Asset Management raised its stake in American Assets Trust by 1.3% during the 2nd quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust’s stock worth $47,319,000 after acquiring an additional 26,618 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in American Assets Trust by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock worth $17,436,000 after acquiring an additional 69,985 shares in the last quarter. Panagora Asset Management Inc. raised its stake in American Assets Trust by 11.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 255,040 shares of the real estate investment trust’s stock worth $5,708,000 after acquiring an additional 26,211 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in American Assets Trust by 1,140.3% during the 1st quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock worth $3,846,000 after acquiring an additional 161,396 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.