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

Shares of American Assets Trust, Inc. (NYSE:AAT) 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 traded. The stock had previously closed at $25.18.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Morgan Stanley increased their price target on shares of American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Thursday, March 26th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $18.50.

American Assets Trust Trading Up 1.3%

The firm has a market capitalization of $1.58 billion, a P/E ratio of 88.91 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. The firm has a 50 day moving average of $23.68 and a 200-day moving average of $20.72.

American Assets Trust (NYSE:AAT) last announced 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 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. On average, equities research analysts predict that American Assets Trust, Inc. will post 2.03 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.36 annualized dividend and a yield of 5.3%. American Assets Trust’s dividend payout ratio (DPR) is 468.97%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of American Assets Trust by 38.7% in the 1st quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 9,393 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in American Assets Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,490 shares of the real estate investment trust’s stock worth $574,000 after purchasing an additional 1,240 shares in the last quarter. Jane Street Group LLC lifted its stake in American Assets Trust by 534.0% in the 1st quarter. Jane Street Group LLC now owns 158,297 shares of the real estate investment trust’s stock valued at $3,188,000 after purchasing an additional 133,329 shares during the last quarter. Strs Ohio bought a new position in American Assets Trust in the 1st quarter valued at approximately $175,000. Finally, Creative Planning acquired a new stake in American Assets Trust in the second quarter valued at approximately $253,000. 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.