American Assets Trust (NYSE:AAT) Sets New 52-Week High - Should You Buy?

American Assets Trust, Inc. (NYSE:AAT - Get Free Report)'s stock price reached 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 trading hands. The stock had previously closed at $27.34.

Analysts Set New Price Targets

Several brokerages recently issued reports on AAT. Morgan Stanley increased their price target on American Assets Trust from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday. Mizuho upped their price target on American Assets Trust from $22.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, August 19th.

American Assets Trust Stock Up 1.8 %

The company has a market capitalization of $1.69 billion, a PE ratio of 31.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.48, a quick ratio of 3.03 and a current ratio of 3.03. The firm has a fifty day simple moving average of $26.83 and a 200-day simple moving average of $24.14.

American Assets Trust (NYSE:AAT - Get Free Report) last released 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). The company had revenue of $110.89 million during the quarter, compared to the consensus estimate of $107.66 million. American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. During the same period in the previous year, the firm posted $0.59 EPS. Equities research analysts anticipate that American Assets Trust, Inc. will post 2.32 EPS for the current fiscal year.

Hedge Funds Weigh In On American Assets Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake 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 valued at $178,688,000 after purchasing an additional 804,009 shares in the last quarter. LSV Asset Management lifted its position in 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 purchasing an additional 26,618 shares during the period. Dimensional Fund Advisors LP boosted its stake in American Assets Trust by 9.9% during 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 purchasing an additional 69,985 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of American Assets Trust by 11.5% during 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 purchasing an additional 26,211 shares during the period. Finally, SG Americas Securities LLC raised 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 worth $3,846,000 after buying an additional 161,396 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.