American Assets Trust (NYSE:AAT) Releases FY 2024 Earnings Guidance

American Assets Trust (NYSE:AAT) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.510-2.550 for the period, compared to the consensus earnings per share estimate of 2.460. The company issued revenue guidance of -.

American Assets Trust Trading Down 0.4 %

NYSE AAT traded down $0.10 during trading hours on Tuesday, hitting $27.35. The company’s stock had a trading volume of 245,191 shares, compared to its average volume of 279,932. American Assets Trust has a twelve month low of $17.51 and a twelve month high of $28.42. The firm has a market capitalization of $1.67 billion, a P/E ratio of 30.73 and a beta of 1.30. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.48. The stock has a fifty day moving average of $26.83 and a 200 day moving average of $24.14.

American Assets Trust (NYSE:AAT) last announced 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). 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 analyst estimates of $107.66 million. During the same period last year, the firm earned $0.59 earnings per share. Equities research analysts forecast that American Assets Trust will post 2.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About American Assets Trust

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.