American Assets Trust (AAT) Set to Announce Earnings on Tuesday

American Assets Trust (NYSE:AAT) will post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect American Assets Trust to post earnings of $0.54 per share for the quarter. American Assets Trust has set its FY 2024 guidance at 2.480-2.540 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

American Assets Trust (NYSE:AAT) last issued its quarterly 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). The firm had revenue of $110.89 million during the quarter, compared to analysts’ expectations of $107.66 million. American Assets Trust had a net margin of 12.00% and a return on equity of 4.62%. During the same quarter last year, the company posted $0.59 EPS. On average, analysts expect American Assets Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

American Assets Trust Stock Down 2.5 %

Shares of NYSE:AAT opened at $27.52 on Tuesday. American Assets Trust has a 52 week low of $17.15 and a 52 week high of $28.42. 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 company has a market cap of $1.68 billion, a PE ratio of 30.92 and a beta of 1.30. The firm has a 50 day simple moving average of $26.57 and a 200 day simple moving average of $23.87.

American Assets Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.335 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.34 dividend on an annualized basis and a yield of 4.87%. American Assets Trust’s payout ratio is 150.56%.

Analyst Upgrades and Downgrades

Separately, Mizuho increased their target price on shares of American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th.

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.