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

American Assets Trust (NYSE:AAT) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 2.480-2.540 for the period, compared to the consensus EPS estimate of 2.310. The company issued revenue guidance of -.

American Assets Trust Price Performance

AAT traded down $0.31 during trading on Friday, hitting $25.73. The company’s stock had a trading volume of 288,543 shares, compared to its average volume of 298,010. The firm’s 50 day moving average price is $22.52 and its two-hundred day moving average price is $22.02. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.47. American Assets Trust has a 12 month low of $17.15 and a 12 month high of $27.55. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 29.24 and a beta of 1.29.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). The firm had revenue of $110.89 million for the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.59 EPS. Sell-side analysts forecast that American Assets Trust will post 2.32 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a $0.335 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.34 dividend on an annualized basis and a yield of 5.21%. American Assets Trust’s payout ratio is presently 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.