American Assets Trust (NYSE:AAT) Hits New 52-Week High – Should You Buy?

American Assets Trust, Inc. (NYSE:AAT)’s stock price hit a new 52-week high on Friday . The stock traded as high as $24.95 and last traded at $25.0080, with a volume of 46285 shares changing hands. The stock had previously closed at $24.57.

Wall Street Analysts Forecast Growth

AAT has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on American Assets Trust from $17.00 to $18.00 and gave the stock an “underweight” rating in a research report on Thursday, March 26th. Weiss Ratings upgraded shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Assets Trust currently has a consensus rating of “Reduce” and a consensus price target of $18.50.

American Assets Trust Trading Up 0.9%

The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.04 and a current ratio of 3.04. The firm has a market cap of $1.52 billion, a PE ratio of 85.45 and a beta of 0.98. The stock has a 50-day simple moving average of $22.37 and a two-hundred day simple moving average of $20.07.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $110.59 million during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts anticipate that American Assets Trust, Inc. will post 2.03 EPS for the current year.

American Assets Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, June 4th. This represents a $1.36 dividend on an annualized basis and a yield of 5.5%. American Assets Trust’s payout ratio is currently 468.97%.

Institutional Trading of American Assets Trust

Large investors have recently modified their holdings of the company. BROOKFIELD Corp ON increased its position in American Assets Trust by 63.3% during the first 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 last quarter. EverSource Wealth Advisors LLC grew its position in American Assets Trust by 262.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,234 shares during the period. Blue Trust Inc. grew its position in American Assets Trust by 5,717.7% during the first quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 3,545 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings 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 valued at $79,000 after buying an additional 893 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in 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 worth $94,000 after acquiring an additional 1,165 shares during the period. 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.