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

American Assets Trust, Inc. (NYSE:AAT)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $21.64 and last traded at $21.60, with a volume of 157151 shares traded. The stock had previously closed at $21.27.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AAT shares. Wall Street Zen raised American Assets Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Morgan Stanley increased their price target on American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a research note on Thursday, March 26th. Finally, Weiss Ratings downgraded American Assets Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $18.50.

American Assets Trust Stock Performance

The stock has a 50 day moving average price of $19.89 and a two-hundred day moving average price of $19.25. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 1.58. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 78.55 and a beta of 0.95.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company 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. Analysts predict that American Assets Trust, Inc. will post 2.03 EPS for the current year.

American Assets Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, June 4th. American Assets Trust’s dividend payout ratio (DPR) is presently 468.97%.

Institutional Trading of American Assets Trust

Hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH raised its stake in American Assets Trust by 10.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 653,299 shares of the real estate investment trust’s stock worth $13,275,000 after buying an additional 62,340 shares during the period. Waterfall Asset Management LLC acquired a new stake in American Assets Trust during the 3rd quarter worth $6,394,000. Denali Advisors LLC acquired a new stake in American Assets Trust during the 3rd quarter worth $1,276,000. Argosy Lionbridge Management LLC acquired a new stake in American Assets Trust during the 3rd quarter worth $4,366,000. Finally, AlphaQuest LLC acquired a new stake in American Assets Trust during the 3rd quarter worth $1,429,000. Institutional investors and hedge funds own 90.41% of the company’s stock.

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.