American Assets Trust (NYSE:AAT) Sets New 52-Week High – Here’s What Happened

American Assets Trust, Inc. (NYSE:AAT)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.97 and last traded at $22.70, with a volume of 30887 shares trading hands. The stock had previously closed at $22.78.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AAT shares. Wall Street Zen upgraded shares of American Assets Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. 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, Weiss Ratings upgraded shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Assets Trust has a consensus rating of “Reduce” and a consensus target price of $18.50.

American Assets Trust Price Performance

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 stock has a market cap of $1.38 billion, a P/E ratio of 77.59 and a beta of 0.95. The firm’s fifty day moving average price is $20.05 and its 200-day moving average price is $19.30.

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). American Assets Trust had a return on equity of 1.65% and a net margin of 4.16%.The business had revenue of $110.59 million during the quarter, compared to analysts’ expectations of $109.78 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Analysts forecast that American Assets Trust, Inc. will post 2.03 earnings per share for the current year.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 annualized dividend and a yield of 6.0%. American Assets Trust’s dividend payout ratio (DPR) is 468.97%.

Institutional Investors Weigh In On American Assets Trust

Several institutional investors and hedge funds have recently bought and sold shares of AAT. Senvest Management LLC lifted its holdings in American Assets Trust by 62.4% in the 4th quarter. Senvest Management LLC now owns 2,929,436 shares of the real estate investment trust’s stock worth $55,454,000 after buying an additional 1,125,474 shares during the period. JPMorgan Chase & Co. lifted its holdings in American Assets Trust by 189.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,665 shares of the real estate investment trust’s stock worth $28,502,000 after buying an additional 918,635 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in American Assets Trust in the fourth quarter worth about $7,124,000. Citadel Advisors LLC raised its stake in American Assets Trust by 306.7% in the third quarter. Citadel Advisors LLC now owns 493,832 shares of the real estate investment trust’s stock worth $10,035,000 after buying an additional 372,397 shares in the last quarter. Finally, Waterfall Asset Management LLC bought a new position in American Assets Trust in the third quarter worth about $6,394,000. Hedge funds and other institutional investors 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.