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

American Assets Trust (NYSE:AATGet Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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 -.

American Assets Trust Price Performance

Shares of NYSE:AAT traded up $0.48 during midday trading on Wednesday, hitting $27.82. The company 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 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 price-to-earnings ratio of 31.22 and a beta of 1.30. The business’s 50-day simple moving average is $26.83 and its 200-day simple moving average is $24.14.

American Assets Trust (NYSE:AATGet Free Report) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $110.89 million during the quarter, compared to analysts’ expectations of $107.66 million. During the same quarter last year, the business posted $0.59 earnings per share. On average, research analysts predict that American Assets Trust will post 2.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AAT shares. Mizuho boosted their target price on American Assets Trust from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Morgan Stanley upped their price objective on American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday.

Get Our Latest Stock Analysis on AAT

About American Assets Trust

(Get Free Report)

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.

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