American Assets Trust (NYSE:AAT) Releases Earnings Results, Misses Expectations By $0.33 EPS

American Assets Trust (NYSE:AAT) posted its earnings results on Tuesday. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33), Yahoo Finance reports. American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. The firm had revenue of $110.89 million for the quarter, compared to analyst estimates of $107.66 million. During the same period in the prior year, the business posted $0.59 EPS. American Assets Trust updated its FY 2024 guidance to 2.480-2.540 EPS.

American Assets Trust Trading Up 2.7 %

Shares of American Assets Trust stock traded up $0.70 on Wednesday, hitting $26.52. The stock had a trading volume of 573,506 shares, compared to its average volume of 297,638. The stock has a 50 day moving average of $22.42 and a 200 day moving average of $21.99. American Assets Trust has a twelve month low of $17.15 and a twelve month high of $27.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market capitalization of $1.61 billion, a P/E ratio of 29.80 and a beta of 1.29.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Thursday, September 5th. American Assets Trust’s payout ratio is 150.56%.

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.