American Assets Trust (NYSE:AAT) Hits New 12-Month High - Here's What Happened

American Assets Trust, Inc. (NYSE:AAT - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $27.93 and last traded at $27.93, with a volume of 21754 shares changing hands. The stock had previously closed at $27.19.

Wall Street Analyst Weigh In

Separately, Mizuho boosted their target price on 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 Trading Up 2.2 %

The company has a market cap of $1.69 billion, a P/E ratio of 30.55 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. The firm's 50-day moving average price is $26.30 and its 200-day moving average price is $23.64.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 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 company had revenue of $110.89 million during the quarter, compared to the consensus estimate of $107.66 million. During the same period in the previous year, the business earned $0.59 earnings per share. As a group, equities research analysts expect that American Assets Trust, Inc. will post 2.32 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a dividend of $0.335 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.34 annualized dividend and a yield of 4.82%. American Assets Trust's dividend payout ratio is currently 150.56%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in American Assets Trust by 41.0% during the first quarter. Daiwa Securities Group Inc. now owns 21,818 shares of the real estate investment trust's stock valued at $478,000 after buying an additional 6,347 shares during the period. Texas Permanent School Fund Corp grew its holdings in shares of American Assets Trust by 1.6% during the first quarter. Texas Permanent School Fund Corp now owns 42,636 shares of the real estate investment trust's stock worth $934,000 after purchasing an additional 689 shares in the last quarter. LSV Asset Management increased its position in shares of American Assets Trust by 0.3% in the first quarter. LSV Asset Management now owns 2,087,730 shares of the real estate investment trust's stock worth $45,742,000 after purchasing an additional 6,061 shares during the last quarter. SG Americas Securities LLC raised its stake 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 valued at $3,846,000 after purchasing an additional 161,396 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in American Assets Trust by 4.4% during the first quarter. Illinois Municipal Retirement Fund now owns 29,091 shares of the real estate investment trust's stock valued at $637,000 after purchasing an additional 1,229 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

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.

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