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

American Assets Trust (NYSE:AAT) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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 Up 1.8 %

AAT traded up $0.48 during trading on Wednesday, hitting $27.82. The company’s stock had a trading volume of 324,595 shares, compared to its average volume of 280,242. American Assets Trust has a twelve month low of $17.57 and a twelve month high of $28.44. The firm’s 50 day moving average price is $26.83 and its 200-day moving average price is $24.14. The company has a debt-to-equity ratio of 1.48, a current ratio of 3.03 and a quick ratio of 3.03. The stock has a market cap of $1.69 billion, a PE ratio of 31.22 and a beta of 1.30.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.33). American Assets Trust had a net margin of 12.00% and a return on equity of 4.62%. The business had revenue of $110.89 million during the quarter, compared to analyst estimates of $107.66 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. On average, analysts expect that American Assets Trust will post 2.32 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on AAT shares. Morgan Stanley increased their price objective on shares of American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday. Mizuho upped their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the stock 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.