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

Shares of American Assets Trust, Inc. (NYSE:AAT) hit a new 52-week high during trading on Friday . The company traded as high as $24.11 and last traded at $24.0360, with a volume of 62064 shares traded. The stock had previously closed at $23.86.

Analysts Set New Price Targets

A number of analysts have commented on AAT shares. Morgan Stanley raised their price objective 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 American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $18.50.

American Assets Trust Price Performance

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 company has a market cap of $1.48 billion, a P/E ratio of 82.92 and a beta of 0.98. The stock has a 50-day simple moving average of $20.75 and a 200 day simple moving average of $19.53.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $110.59 million for 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. On average, equities analysts expect 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 will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Thursday, June 4th. American Assets Trust’s dividend payout ratio (DPR) is 468.97%.

Hedge Funds Weigh In On American Assets Trust

Several hedge funds and other institutional investors have recently modified their holdings of AAT. Royal Bank of Canada lifted its position in shares of American Assets Trust by 38.7% during the 1st quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 9,393 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 buying an additional 1,240 shares during the period. Jane Street Group LLC lifted its position in shares of American Assets Trust by 534.0% during the 1st quarter. Jane Street Group LLC now owns 158,297 shares of the real estate investment trust’s stock worth $3,188,000 after buying an additional 133,329 shares during the period. Strs Ohio bought a new position in shares of American Assets Trust during the 1st quarter worth approximately $175,000. Finally, Creative Planning bought a new position in shares of American Assets Trust during the 2nd quarter worth approximately $253,000. 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.