American Assets Reaches New 52-Week High (AAT)

NEW YORK ( TheStreet) -- American Assets (NYSE: AAT) hit a new 52-week high Monday as it is currently trading at $23.36, above its previous 52-week high of $23.34 with 44,254 shares traded as of 1:25 p.m. ET. Average volume has been 278,100 shares over the past 30 days.

American Assets has a market cap of $843.4 million and is part of the financial sector and real estate industry. Shares are up 11.2% year to date as of the close of trading on Friday.

American Assets Trust, Inc. operates as a real estate investment trust in the United States. The company owns, operates, acquires, and develops retail, office, multifamily, and mixed-use properties primarily in southern California, northern California, and Hawaii.

TheStreet Ratings rates American Assets as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and feeble growth in the company's earnings per share. You can view the full American Assets Ratings Report.

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