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

American Assets Trust, Inc. (NYSE:AAT) hit a new 52-week high on Wednesday . The stock traded as high as $21.64 and last traded at $21.60, with a volume of 157151 shares trading hands. The stock had previously closed at $21.27.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings cut American Assets Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Morgan Stanley increased their price target on shares of American Assets Trust from $17.00 to $18.00 and gave the stock an “underweight” rating in a report on Thursday, March 26th. 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 analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $18.50.

American Assets Trust Stock Performance

The firm has a market capitalization of $1.33 billion, a PE ratio of 74.83 and a beta of 0.95. 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 company has a 50-day moving average of $19.78 and a 200 day moving average of $19.21.

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 (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 business had revenue of $110.59 million for the quarter, compared to the consensus estimate of $109.78 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Equities research analysts predict that American Assets Trust, Inc. will post 2.03 EPS for the current year.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, June 4th. American Assets Trust’s payout ratio is currently 468.97%.

Institutional Trading of American Assets Trust

Several institutional investors and hedge funds have recently made changes to their positions in AAT. Smartleaf Asset Management LLC lifted its stake in American Assets Trust by 95.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 696 shares during the last quarter. BROOKFIELD Corp ON grew 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 acquiring an additional 1,234 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of American Assets Trust by 56.2% during the third quarter. Hantz Financial Services Inc. now owns 1,795 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 646 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of American Assets Trust by 5,717.7% in the 1st quarter. Blue Trust Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 3,545 shares during the last quarter. Hedge funds and other 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.