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

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

American Assets Trust (NYSE:AAT) last issued its earnings results 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 firm had revenue of $110.89 million for 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 quarter in the previous 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 Stock Performance

Shares of AAT stock opened at $27.50 on Friday. 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 firm has a fifty day moving average price of $26.77 and a 200 day moving average price of $24.03. The company has a market cap of $1.67 billion, a P/E ratio of 30.90 and a beta of 1.30. American Assets Trust has a 12 month low of $17.47 and a 12 month high of $28.42.

American Assets Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Mizuho boosted their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the company 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.