American Assets Trust (NYSE:AAT - Get Free Report) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03, Zacks reports. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The firm had revenue of $107.93 million during the quarter, compared to analysts' expectations of $107.75 million. American Assets Trust updated its FY 2025 guidance to 1.890-2.010 EPS.
American Assets Trust Stock Performance
Shares of American Assets Trust stock traded down $0.34 on Friday, reaching $18.70. 595,466 shares of the stock were exchanged, compared to its average volume of 382,045. The firm has a market capitalization of $1.14 billion, a PE ratio of 16.12 and a beta of 1.17. American Assets Trust has a 1-year low of $16.69 and a 1-year high of $29.15. The business has a fifty day moving average price of $20.12 and a two-hundred day moving average price of $20.59. The company has a current ratio of 3.55, a quick ratio of 4.12 and a debt-to-equity ratio of 1.50.
American Assets Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.36 annualized dividend and a dividend yield of 7.3%. American Assets Trust's payout ratio is presently 117.24%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on AAT. Morgan Stanley lowered their price target on American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Wall Street Zen downgraded American Assets Trust from a "buy" rating to a "hold" rating in a research note on Saturday.
Check Out Our Latest Analysis on American Assets Trust
Institutional Investors Weigh In On American Assets Trust
A number of hedge funds have recently added to or reduced their stakes in AAT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of American Assets Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,490 shares of the real estate investment trust's stock worth $574,000 after buying an additional 1,240 shares in the last quarter. Strs Ohio acquired a new position in American Assets Trust during the first quarter worth $175,000. Royal Bank of Canada raised its position in American Assets Trust by 38.7% in the first quarter. Royal Bank of Canada now owns 33,674 shares of the real estate investment trust's stock worth $678,000 after acquiring an additional 9,393 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in American Assets Trust by 534.0% in 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 acquiring an additional 133,329 shares during the period. Institutional investors and hedge funds own 90.41% of the company's stock.
About American Assets Trust
(
Get Free Report)
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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