American Assets Trust (NYSE:AAT) Releases Quarterly Earnings Results

American Assets Trust (NYSE:AAT) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.35), Yahoo Finance reports. The firm had revenue of $110.70 million for the quarter, compared to analysts’ expectations of $106.39 million. American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. During the same quarter last year, the firm earned $0.66 earnings per share.

American Assets Trust Stock Down 0.2 %

Shares of NYSE AAT opened at $21.51 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.93 and a current ratio of 3.02. American Assets Trust has a 1 year low of $17.15 and a 1 year high of $23.92. The stock’s 50-day simple moving average is $21.22 and its 200-day simple moving average is $21.18. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 24.17 and a beta of 1.25.

American Assets Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a $0.335 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.34 dividend on an annualized basis and a yield of 6.23%. American Assets Trust’s payout ratio is currently 150.56%.

Wall Street Analyst Weigh In

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

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.