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 mid-day trading on Wednesday . The stock traded as high as $29.07 and last traded at $29.07, with a volume of 3212 shares. The stock had previously closed at $28.67.

Analysts Set New Price Targets

Several research firms have weighed in on AAT. 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. Mizuho lifted their price objective on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, August 19th.

American Assets Trust Stock Performance

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

American Assets Trust Announces Dividend

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 4.68%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s payout ratio is presently 147.25%.

Institutional Trading of American Assets Trust

Hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of American Assets Trust by 130.3% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,059 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake 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 buying an additional 488 shares in the last quarter. Quarry LP lifted its holdings in American Assets Trust by 131.3% during the 3rd quarter. Quarry LP now owns 2,163 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,228 shares during the last quarter. Vestcor Inc acquired a new position in shares of American Assets Trust during the 3rd quarter worth about $103,000. Finally, Blue Trust Inc. increased its holdings in shares of American Assets Trust by 516.3% in the 3rd quarter. Blue Trust Inc. now owns 5,775 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 4,838 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.