NEW YORK ( TheStreet) -- American Assets (NYSE: AAT) hit a new 52-week high Wednesday as it is currently trading at $24.21, above its previous 52-week high of $24.20 with 48,034 shares traded as of 3 p.m. ET. Average volume has been 160,200 shares over the past 30 days. American Assets has a market cap of $939.3 million and is part of the financial sector and real estate industry. Shares are up 17% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 341.6, above the average real estate industry P/E ratio of 159.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates American Assets as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance 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. See all 52-week high stocks or get investment ideas from our investment research center.