American Assets Trust (NYSE:AAT) Sets New 1-Year High – Here’s Why

American Assets Trust, Inc. (NYSE:AAT)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $28.44 and last traded at $28.00, with a volume of 29910 shares. The stock had previously closed at $27.34.

Wall Street Analyst Weigh In

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

American Assets Trust Trading Up 1.5 %

The company’s 50-day moving average is $26.83 and its 200 day moving average is $24.14. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 31.25 and a beta of 1.30. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.48.

American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $110.89 million for the quarter, compared to analysts’ expectations of $107.66 million. During the same period in the previous year, the company earned $0.59 earnings per share. Research analysts predict that American Assets Trust, Inc. will post 2.32 EPS for the current year.

Institutional Investors Weigh In On American Assets Trust

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of American Assets Trust by 10.9% during the first quarter. Vanguard Group Inc. now owns 8,155,531 shares of the real estate investment trust’s stock worth $178,688,000 after acquiring an additional 804,009 shares during the last quarter. SG Americas Securities LLC increased its holdings in American Assets Trust by 1,140.3% in the first quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock worth $3,846,000 after buying an additional 161,396 shares during the last quarter. Janus Henderson Group PLC grew its holdings in American Assets Trust by 633.0% during the first quarter. Janus Henderson Group PLC now owns 166,411 shares of the real estate investment trust’s stock valued at $3,644,000 after purchasing an additional 143,707 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of American Assets Trust in the first quarter valued at approximately $1,776,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 period. 90.43% of the stock is owned by institutional investors and hedge funds.

About American Assets Trust

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.