American Assets Trust (NYSE:AAT) Sets New 52-Week High – Here’s What Happened

American Assets Trust, Inc. (NYSE:AAT) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $29.07 and last traded at $29.07, with a volume of 3212 shares traded. The stock had previously closed at $28.67.

Wall Street Analyst Weigh In

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

American Assets Trust Trading Down 0.2 %

The company has a 50 day simple moving average of $27.30 and a 200 day simple moving average of $25.05. The company has a current ratio of 8.53, a quick ratio of 8.53 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $1.74 billion, a PE ratio of 31.44 and a beta of 1.29.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s dividend payout ratio is presently 147.25%.

Hedge Funds Weigh In On American Assets Trust

Several institutional investors have recently bought and sold shares of AAT. Signaturefd LLC boosted its holdings in shares of American Assets Trust by 130.3% in the second quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,059 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in American Assets Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,891 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 488 shares during the period. Quarry LP boosted its holdings in American Assets Trust by 131.3% in the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,228 shares in the last quarter. Vestcor Inc acquired a new position in American Assets Trust during the 3rd quarter worth approximately $103,000. Finally, Blue Trust Inc. raised its stake in shares of American Assets Trust by 516.3% during the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 4,838 shares in the last quarter. 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.