American Assets Trust (NYSE:AAT) Sets New 12-Month High – Here’s What Happened

American Assets Trust, Inc. (NYSE:AAT)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $21.42 and last traded at $21.4250, with a volume of 64952 shares traded. The stock had previously closed at $21.19.

Analysts Set New Price Targets

Several research firms have weighed in on AAT. Morgan Stanley boosted their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of American Assets Trust in a research note on Wednesday, January 21st. Mizuho set a $19.00 price target on shares of American Assets Trust in a research note on Friday, January 9th. Finally, Wall Street Zen raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $18.50.

American Assets Trust Price Performance

The business’s 50-day simple moving average is $19.46 and its 200-day simple moving average is $19.11. The stock has a market cap of $1.27 billion, a PE ratio of 71.51 and a beta of 0.93. The company has a quick ratio of 3.11, 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). American Assets Trust had a net margin of 4.16% and a return on equity of 1.65%. The firm had revenue of $110.59 million during the quarter, compared to analysts’ expectations of $111.12 million. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $0.34 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.6%. American Assets Trust’s payout ratio is presently 149.45%.

Hedge Funds Weigh In On American Assets Trust

A number of hedge funds have recently modified their holdings of the company. Allianz Asset Management GmbH boosted its stake in shares of 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 valued at $13,275,000 after purchasing an additional 62,340 shares in the last quarter. Waterfall Asset Management LLC bought a new stake in shares of American Assets Trust during the 3rd quarter valued at about $6,394,000. Denali Advisors LLC bought a new stake in shares of American Assets Trust during the 3rd quarter valued at about $1,276,000. Argosy Lionbridge Management LLC bought a new stake in shares of American Assets Trust during the 3rd quarter valued at about $4,366,000. Finally, AlphaQuest LLC bought a new stake in shares of American Assets Trust during the 3rd quarter valued at about $1,429,000. Hedge funds and other 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.