American Assets Reaches New 52-Week High (AAT)

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.

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