American Assets Trust (NYSE:AAT) Sets New 12-Month High at $25.19

American Assets Trust, Inc. (NYSE:AAT) reached a new 52-week high on Friday . The stock traded as high as $25.19 and last traded at $24.91, with a volume of 21917 shares. The stock had previously closed at $24.61.

American Assets Trust Stock Performance

The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $1.53 billion, a PE ratio of 27.97 and a beta of 1.29. The firm’s 50-day simple moving average is $22.25 and its two-hundred day simple moving average is $21.97.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.35). American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. The firm had revenue of $110.70 million for the quarter, compared to analysts’ expectations of $106.39 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts expect that American Assets Trust, Inc. will post 2.28 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 5.32%. The ex-dividend date was Thursday, June 6th. American Assets Trust’s payout ratio is 150.56%.

Hedge Funds Weigh In On American Assets Trust

Several institutional investors and hedge funds have recently modified their holdings of AAT. Asset Management One Co. Ltd. grew its holdings in shares of American Assets Trust by 1.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,815 shares of the real estate investment trust’s stock valued at $1,741,000 after acquiring an additional 1,365 shares in the last quarter. Custom Index Systems LLC acquired a new stake in shares of American Assets Trust in the 4th quarter valued at $258,000. Louisiana State Employees Retirement System acquired a new stake in shares of American Assets Trust in the 4th quarter valued at $547,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of American Assets Trust by 10.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 65,063 shares of the real estate investment trust’s stock valued at $1,465,000 after purchasing an additional 6,097 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in shares of American Assets Trust in the 4th quarter valued at $25,000. 90.43% of the stock is currently owned by hedge funds and other 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.