American Assets Trust (NYSE:AAT) Releases Earnings Results, Misses Expectations By $0.35 EPS

American Assets Trust (NYSE:AAT) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.35), Yahoo Finance reports. The company had revenue of $110.70 million during the quarter, compared to the consensus estimate of $106.39 million. American Assets Trust had a return on equity of 4.31% and a net margin of 11.42%. During the same quarter last year, the firm earned $0.66 EPS. American Assets Trust updated its FY 2024 guidance to 2.240-2.340 EPS.

American Assets Trust Trading Up 0.4 %

Shares of NYSE AAT opened at $21.44 on Thursday. American Assets Trust has a fifty-two week low of $17.06 and a fifty-two week high of $23.92. The firm has a market capitalization of $1.31 billion, a P/E ratio of 25.52 and a beta of 1.26. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.93 and a quick ratio of 2.93. The company’s 50 day simple moving average is $21.23 and its 200 day simple moving average is $21.16.

American Assets Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date is Thursday, June 6th. American Assets Trust’s dividend payout ratio (DPR) is 159.52%.

Analyst Upgrades and Downgrades

Separately, Mizuho cut their price target on American Assets Trust from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd.

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.