American Assets Trust (NYSE:AAT) Releases Earnings Results, Misses Expectations By $0.35 EPS

American Assets Trust (NYSE:AAT - Get Free Report) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.35), Yahoo Finance reports. American Assets Trust had a net margin of 11.42% and a return on equity of 4.31%. The business had revenue of $110.70 million during the quarter, compared to the consensus estimate of $106.39 million. During the same period in the previous year, the business posted $0.66 EPS. American Assets Trust updated its FY 2024 guidance to 2.240-2.340 EPS.

American Assets Trust Trading Up 0.4 %

American Assets Trust stock traded up $0.09 during midday trading on Wednesday, reaching $21.44. The stock had a trading volume of 330,243 shares, compared to its average volume of 299,630. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.47. American Assets Trust has a 52-week low of $17.06 and a 52-week high of $23.92. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 25.52 and a beta of 1.26. The company has a fifty day moving average of $21.23 and a 200 day moving average of $21.16.

American Assets Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, June 6th. American Assets Trust's dividend payout ratio (DPR) is currently 159.52%.

Wall Street Analysts Forecast Growth

Separately, Mizuho lowered their price target on shares of American Assets Trust from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, February 23rd.

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.