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

Posted by Donna Armstrong on Oct 29th, 2024

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

Analyst Upgrades and Downgrades

Separately, Mizuho increased their target price 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.

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American Assets Trust Price Performance

AAT traded down $0.10 during trading on Tuesday, reaching $27.35. The company’s stock had a trading volume of 245,191 shares, compared to its average volume of 279,932. 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 firm has a fifty day simple moving average of $26.83 and a two-hundred day simple moving average of $24.14. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 30.73 and a beta of 1.30. American Assets Trust has a 1 year low of $17.51 and a 1 year high of $28.42.

American Assets Trust (NYSE:AAT – Get Free Report) 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). The company had revenue of $110.89 million for the quarter, compared to analysts’ expectations 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 business posted $0.59 EPS. As a group, analysts anticipate that American Assets Trust will post 2.32 EPS for the current year.

American Assets Trust Company Profile

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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.