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

American Assets Trust, Inc. (NYSE:AAT) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $24.81 and last traded at $24.5680, with a volume of 389621 shares trading hands. The stock had previously closed at $24.42.

Analysts Set New Price Targets

Several equities analysts have issued reports on AAT shares. Morgan Stanley lifted their target price on American Assets Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a research note on Thursday, March 26th. Weiss Ratings upgraded American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Assets Trust currently has an average rating of “Reduce” and a consensus price target of $18.50.

American Assets Trust Stock Performance

The company has a debt-to-equity ratio of 1.58, a current ratio of 3.04 and a quick ratio of 3.04. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 84.72 and a beta of 0.98. The firm has a fifty day simple moving average of $21.22 and a two-hundred day simple moving average of $19.68.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results 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 business had revenue of $110.59 million during the quarter, compared to analyst estimates 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, analysts expect that American Assets Trust, Inc. will post 2.03 EPS for the current year.

American Assets Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, June 4th. American Assets Trust’s dividend payout ratio (DPR) is currently 468.97%.

Institutional Investors Weigh In On American Assets Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of American Assets Trust by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,677,140 shares of the real estate investment trust’s stock worth $145,328,000 after purchasing an additional 132,887 shares during the period. Senvest Management LLC lifted its holdings in shares of 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 purchasing an additional 647,618 shares during the period. LSV Asset Management lifted its holdings in shares of American Assets Trust by 0.9% during the fourth quarter. LSV Asset Management now owns 1,845,156 shares of the real estate investment trust’s stock worth $34,929,000 after purchasing an additional 16,360 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of American Assets Trust by 189.8% during the third quarter. JPMorgan Chase & Co. now owns 1,402,665 shares of the real estate investment trust’s stock worth $28,502,000 after purchasing an additional 918,635 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of American Assets Trust by 4.8% during the second quarter. Ameriprise Financial Inc. now owns 1,234,013 shares of the real estate investment trust’s stock worth $22,696,000 after purchasing an additional 56,553 shares during the period. 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.