American Assets Trust (NYSE:AAT) Issues 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 2.240-2.340 for the period, compared to the consensus earnings per share estimate of 2.300. The company issued revenue guidance of -.

American Assets Trust Stock Down 1.7 %

Shares of AAT stock traded down $0.37 during midday trading on Tuesday, reaching $21.35. 217,759 shares of the stock were exchanged, compared to its average volume of 299,201. American Assets Trust has a 1 year low of $17.06 and a 1 year high of $23.92. The firm has a market cap of $1.30 billion, a PE ratio of 25.86 and a beta of 1.26. The company’s 50 day moving average is $21.24 and its two-hundred day moving average is $21.13. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.47.

American Assets Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $0.335 per share. This is a boost from American Assets Trust’s previous quarterly dividend of $0.33. This represents a $1.34 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date was Wednesday, March 6th. American Assets Trust’s dividend payout ratio (DPR) is 159.52%.

Analysts Set New Price Targets

Separately, Mizuho dropped their target price on American Assets Trust from $23.00 to $22.00 and set a neutral rating on the stock in a report on Friday, February 23rd.

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.