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

American Assets Trust (NYSE:AAT) is set to 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 are interested in participating in 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.33). American Assets Trust had a return on equity of 4.62% and a net margin of 12.00%. The company had revenue of $110.89 million for the quarter, compared to analysts’ expectations of $107.66 million. During the same quarter in the previous year, the business earned $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 Trading Down 0.9 %

Shares of AAT stock opened at $27.50 on Monday. The company has a 50 day moving average of $26.77 and a 200-day moving average of $24.05. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.48. American Assets Trust has a 12-month low of $17.47 and a 12-month high of $28.42. The firm has a market cap of $1.67 billion, a P/E ratio of 30.90 and a beta of 1.30.

American Assets Trust Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 4.87%. The ex-dividend date was Thursday, September 5th. American Assets Trust’s dividend payout ratio (DPR) is presently 150.56%.

Wall Street Analyst Weigh In

Separately, Mizuho raised their price objective on shares of American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a 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.