American Assets Trust (NYSE:AAT) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• American Assets Trust reported $0.52 earnings per share (EPS) for the quarter, exceeding expectations of $0.49 by $0.03.
• The company has updated its fiscal year 2025 guidance to a projected EPS range of $1.890-2.010.
• American Assets Trust announced a quarterly dividend of $0.34 per share, with a 6.67% yield, despite having a payout ratio of 107.09%.

American Assets Trust (NYSE:AAT - Get Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03, Zacks reports. American Assets Trust had a net margin of 17.57% and a return on equity of 7.02%. American Assets Trust updated its FY 2025 guidance to 1.890-2.010 EPS.

American Assets Trust Price Performance

AAT stock traded up $0.48 during mid-day trading on Tuesday, reaching $20.41. 352,307 shares of the company traded hands, compared to its average volume of 419,698. The company has a debt-to-equity ratio of 1.47, a current ratio of 4.12 and a quick ratio of 4.12. The company has a market capitalization of $1.25 billion, a P/E ratio of 16.07 and a beta of 1.15. American Assets Trust has a 52-week low of $16.69 and a 52-week high of $29.15. The company has a fifty day moving average price of $20.12 and a 200-day moving average price of $20.67.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date was Thursday, June 5th. American Assets Trust's payout ratio is presently 107.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AAT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of American Assets Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,490 shares of the real estate investment trust's stock valued at $574,000 after buying an additional 1,240 shares during the last quarter. Strs Ohio purchased a new stake in shares of American Assets Trust during the first quarter valued at $175,000. Royal Bank of Canada boosted its position in shares of American Assets Trust by 38.7% during the first quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust's stock valued at $678,000 after buying an additional 9,393 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of American Assets Trust by 534.0% during the first quarter. Jane Street Group LLC now owns 158,297 shares of the real estate investment trust's stock valued at $3,188,000 after buying an additional 133,329 shares during the last quarter. Hedge funds and other institutional investors own 90.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley dropped their price objective on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen upgraded American Assets Trust from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th.

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.

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