American Assets Trust (NYSE:AAT) Reaches New 12-Month High – Should You Buy?

American Assets Trust, Inc. (NYSE:AAT)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $25.61 and last traded at $25.6450, with a volume of 13168 shares. The stock had previously closed at $25.18.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AAT. Morgan Stanley raised their price objective on American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Thursday, March 26th. Weiss Ratings upgraded American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. 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.com, the company currently has an average rating of “Reduce” and an average price target of $18.50.

American Assets Trust Trading Up 1.7%

The business’s 50 day simple moving average is $23.50 and its 200 day simple moving average is $20.63. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 88.21 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.

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 firm had revenue of $110.59 million for the quarter, compared to analyst estimates 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. On average, research analysts expect that American Assets Trust, Inc. will post 2.03 EPS for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Thursday, June 4th. American Assets Trust’s payout ratio is 468.97%.

Institutional Trading of American Assets Trust

A number of hedge funds have recently made changes to their positions in AAT. BROOKFIELD Corp ON increased its holdings in shares of American Assets Trust by 63.3% during the 1st quarter. BROOKFIELD Corp ON now owns 1,602 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 621 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in American Assets Trust by 262.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,234 shares during the last quarter. Blue Trust Inc. lifted its holdings in American Assets Trust by 5,717.7% during the 1st quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 3,545 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its position in American Assets Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 893 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of American Assets Trust by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,165 shares during the last quarter. 90.41% of the stock is 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.