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

American Assets Trust, Inc. (NYSE:AATGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $28.96 and last traded at $28.25, with a volume of 82316 shares changing hands. The stock had previously closed at $27.32.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AAT shares. Mizuho lifted their target price on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Morgan Stanley lifted their target price on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th.

Check Out Our Latest Research Report on AAT

American Assets Trust Stock Down 0.1 %

The firm has a 50 day moving average price of $26.95 and a 200-day moving average price of $24.42. The company has a current ratio of 8.53, a quick ratio of 3.03 and a debt-to-equity ratio of 1.86. The firm has a market cap of $1.70 billion, a PE ratio of 30.70 and a beta of 1.29.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s payout ratio is presently 147.25%.

Hedge Funds Weigh In On American Assets Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of American Assets Trust by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 8,155,531 shares of the real estate investment trust’s stock valued at $178,688,000 after buying an additional 804,009 shares during the period. LSV Asset Management boosted its stake in shares of American Assets Trust by 1.3% in the 2nd quarter. LSV Asset Management now owns 2,114,348 shares of the real estate investment trust’s stock valued at $47,319,000 after buying an additional 26,618 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of American Assets Trust by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 779,127 shares of the real estate investment trust’s stock valued at $17,436,000 after buying an additional 69,985 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of American Assets Trust by 11.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 255,040 shares of the real estate investment trust’s stock valued at $5,708,000 after buying an additional 26,211 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of American Assets Trust by 1,140.3% in the 1st quarter. SG Americas Securities LLC now owns 175,550 shares of the real estate investment trust’s stock valued at $3,846,000 after buying an additional 161,396 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

American Assets Trust Company Profile

(Get Free Report)

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.

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