American Assets Trust (NYSE:AAT) Releases 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 -.

American Assets Trust Stock Performance

NYSE:AAT traded down $0.37 during mid-day trading on Friday, hitting $26.58. 57,379 shares of the company’s stock traded hands, compared to its average volume of 279,367. American Assets Trust has a 12 month low of $18.00 and a 12 month high of $28.44. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 29.71 and a beta of 1.30. The firm has a 50 day moving average of $26.87 and a two-hundred day moving average of $24.17. The company has a current ratio of 8.53, a quick ratio of 3.03 and a debt-to-equity ratio of 1.86.

American Assets Trust (NYSE:AAT) last issued its earnings results 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 5.08% and a net margin of 12.76%. The firm 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 earned $0.59 earnings per share. On average, equities analysts forecast that American Assets Trust will post 2.53 earnings per share for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Thursday, December 5th. American Assets Trust’s payout ratio is 147.25%.

Analyst Ratings Changes

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

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.