American Assets Trust (AAT) Scheduled to Post Quarterly Earnings on Tuesday

American Assets Trust (NYSE:AAT - Get Free Report) will release its earnings data 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 interested in listening to the company's earnings conference call can do so using this link.

American Assets Trust (NYSE:AAT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.33). The business had revenue of $110.89 million during the quarter, compared to analyst estimates of $107.66 million. American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. During the same period in the prior year, the firm 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 Price Performance

NYSE AAT traded down $0.13 on Tuesday, hitting $27.39. 103,901 shares of the company were exchanged, compared to its average volume of 282,402. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.48. The company has a market cap of $1.67 billion, a P/E ratio of 30.92 and a beta of 1.30. American Assets Trust has a 1-year low of $17.15 and a 1-year high of $28.42. The firm has a 50 day moving average of $26.57 and a two-hundred day moving average of $23.87.

American Assets Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Thursday, September 5th. American Assets Trust's dividend payout ratio is currently 150.56%.

Analyst Ratings Changes

Separately, Mizuho raised their price target on 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.