American Assets Trust (NYSE:AAT) Reaches New 1-Year High – Should You Buy?

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

Analyst Ratings Changes

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

American Assets Trust Price Performance

The company has a market cap of $1.33 billion, a PE ratio of 74.83 and a beta of 0.95. The business has a 50 day moving average of $19.78 and a 200 day moving average of $19.21. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.04 and a quick ratio of 3.04.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $110.59 million during the quarter, compared to the consensus estimate of $109.78 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. As a group, research analysts predict that American Assets Trust, Inc. will post 2.03 EPS for the current year.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Thursday, June 4th. American Assets Trust’s dividend payout ratio (DPR) is presently 468.97%.

Hedge Funds Weigh In On American Assets Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Amundi lifted its position in American Assets Trust by 7.6% during the first quarter. Amundi now owns 34,617 shares of the real estate investment trust’s stock valued at $637,000 after buying an additional 2,455 shares during the period. Royal Bank of Canada increased its stake in shares of American Assets Trust by 14.5% in the 1st quarter. Royal Bank of Canada now owns 59,471 shares of the real estate investment trust’s stock worth $1,095,000 after acquiring an additional 7,551 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of American Assets Trust by 149.6% in the 1st quarter. Quantinno Capital Management LP now owns 67,506 shares of the real estate investment trust’s stock worth $1,243,000 after acquiring an additional 40,465 shares in the last quarter. BROOKFIELD Corp ON lifted its position in 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 valued at $29,000 after acquiring an additional 621 shares during the period. Finally, Senvest Management LLC boosted its stake in American Assets Trust by 22.1% during the first quarter. Senvest Management LLC now owns 3,577,054 shares of the real estate investment trust’s stock worth $65,854,000 after acquiring an additional 647,618 shares in the last quarter. Institutional investors own 90.41% of the company’s stock.

American Assets Trust Company Profile

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.