American Assets Trust (NYSE:AAT – Get Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.33), Yahoo Finance reports. The firm had revenue of $110.89 million for the quarter, compared to analyst estimates of $107.66 million. American Assets Trust had a return on equity of 4.61% and a net margin of 12.00%. During the same quarter 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 Price Performance
NYSE:AAT traded down $0.50 on Thursday, hitting $26.03. The company had a trading volume of 361,891 shares, compared to its average volume of 298,075. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 29.17 and a beta of 1.29. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.47. The firm has a 50 day moving average of $22.52 and a two-hundred day moving average of $22.02. American Assets Trust has a 52 week low of $17.15 and a 52 week high of $27.55.
American Assets Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 5.15%. The ex-dividend date is Thursday, September 5th. American Assets Trust’s payout ratio is 150.56%.
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.
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