American Assets Trust (NYSE:AAT) Reaches New 1-Year High at $27.56

American Assets Trust, Inc. (NYSE:AAT)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $27.56 and last traded at $27.35, with a volume of 138668 shares trading hands. The stock had previously closed at $26.99.

Wall Street Analysts Forecast Growth

Separately, Mizuho raised their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, August 19th.

American Assets Trust Stock Up 0.3 %

The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 30.35 and a beta of 1.30. The company has a debt-to-equity ratio of 1.48, a current ratio of 3.03 and a quick ratio of 3.03. The firm’s fifty day moving average price is $25.51 and its 200-day moving average price is $22.92.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. The firm had revenue of $110.89 million during the quarter, compared to analyst estimates of $107.66 million. During the same period in the previous year, the company earned $0.59 EPS. Sell-side analysts expect that American Assets Trust, Inc. will post 2.41 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Thursday, September 5th. American Assets Trust’s payout ratio is 150.56%.

Hedge Funds Weigh In On American Assets Trust

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in American Assets Trust by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 8,155,531 shares of the real estate investment trust’s stock worth $178,688,000 after purchasing an additional 804,009 shares during the last quarter. LSV Asset Management lifted its stake in shares of American Assets Trust by 1.3% in the second quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust’s stock worth $47,319,000 after acquiring an additional 26,618 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in American Assets Trust by 32.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,200,618 shares of the real estate investment trust’s stock valued at $27,026,000 after acquiring an additional 293,603 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Assets Trust by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock valued at $17,436,000 after acquiring an additional 69,985 shares during the last quarter. Finally, Norges Bank acquired a new stake in American Assets Trust during the 4th quarter valued at approximately $11,176,000. Institutional investors own 90.43% of the company’s stock.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.