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 earnings per share (EPS) guidance of 2.510-2.550 for the period, compared to the consensus estimate of 2.460. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

AAT has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday. Mizuho boosted their price objective on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, August 19th.

American Assets Trust Stock Down 3.0 %

Shares of American Assets Trust stock traded down $0.84 during trading hours on Thursday, reaching $26.95. The company’s stock had a trading volume of 239,711 shares, 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’s fifty day simple moving average is $26.87 and its two-hundred day simple moving average is $24.17. The company has a market capitalization of $1.64 billion, a P/E ratio of 29.62 and a beta of 1.30. American Assets Trust has a one year low of $17.57 and a one year high of $28.44.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). American Assets Trust had a net margin of 12.00% and a return on equity of 4.62%. The company had revenue of $110.89 million for the quarter, compared to analyst estimates of $107.66 million. During the same quarter last year, the firm posted $0.59 EPS. On average, research analysts forecast that American Assets Trust will post 2.32 earnings per share for the current year.

American Assets Trust Dividend Announcement

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

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.