American Assets Trust (NYSE:AAT) Issues Earnings Results

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

American Assets Trust Stock Up 1.9 %

NYSE AAT traded up $0.41 during trading hours on Wednesday, hitting $21.76. 96,132 shares of the company were exchanged, compared to its average volume of 296,597. The company has a 50 day moving average of $21.23 and a two-hundred day moving average of $21.16. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.47. American Assets Trust has a 52-week low of $17.06 and a 52-week high of $23.92. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 25.52 and a beta of 1.26.

American Assets Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $0.335 per share. This is an increase from American Assets Trust’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, March 6th. This represents a $1.34 annualized dividend and a yield of 6.16%. American Assets Trust’s dividend payout ratio is 159.52%.

Wall Street Analysts Forecast Growth

Separately, Mizuho decreased 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.

American Assets Trust Company Profile

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.