American Assets Trust (NYSE:AAT) Issues FY 2024 Earnings Guidance

American Assets Trust (NYSE:AAT) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 2.510-2.550 for the period, compared to the consensus EPS estimate of 2.460. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AAT. Morgan Stanley lifted their price target on shares of American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday. Mizuho raised their target price on American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th.

American Assets Trust Stock Performance

NYSE AAT traded down $0.84 during trading on Thursday, hitting $26.95. 239,711 shares of the company’s stock traded hands, compared to its average volume of 280,381. The company has a debt-to-equity ratio of 1.48, a quick ratio of 3.03 and a current ratio of 3.03. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 29.62 and a beta of 1.30. American Assets Trust has a 12-month low of $17.57 and a 12-month high of $28.44. The business has a 50 day moving average of $26.87 and a 200-day moving average of $24.17.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.33). American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. The business had revenue of $110.89 million during the quarter, compared to the consensus estimate of $107.66 million. During the same period last year, the business posted $0.59 earnings per share. As a group, equities research analysts anticipate that American Assets Trust will post 2.32 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Thursday, December 5th. American Assets Trust’s payout ratio is currently 147.25%.

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.