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 (EPS) guidance of 2.480-2.540 for the period, compared to the consensus estimate of 2.310. The company issued revenue guidance of -.

American Assets Trust Stock Performance

NYSE:AAT traded up $0.96 on Tuesday, hitting $25.82. The company’s stock had a trading volume of 252,385 shares, compared to its average volume of 295,735. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.47. The stock has a fifty day moving average of $22.35 and a two-hundred day moving average of $21.98. The firm has a market capitalization of $1.57 billion, a P/E ratio of 27.93 and a beta of 1.29. American Assets Trust has a one year low of $17.15 and a one year high of $25.87.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.35). The business had revenue of $110.70 million during the quarter, compared to the consensus estimate of $106.39 million. American Assets Trust had a net margin of 12.05% and a return on equity of 4.60%. During the same quarter in the prior year, the company earned $0.66 EPS. Research analysts predict that American Assets Trust will post 2.28 earnings per share for the current year.

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.