American Assets Trust (NYSE:AAT) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

American Assets Trust (NYSE:AAT) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01), FiscalAI reports. The company had revenue of $109.48 million for the quarter, compared to the consensus estimate of $110.64 million. American Assets Trust had a net margin of 4.16% and a return on equity of 1.65%. American Assets Trust updated its FY 2026 guidance to 2.030-2.030 EPS.

American Assets Trust Stock Down 1.5%

American Assets Trust stock traded down $0.35 during midday trading on Wednesday, reaching $23.76. The company’s stock had a trading volume of 67,744 shares, compared to its average volume of 420,391. American Assets Trust has a 52-week low of $17.72 and a 52-week high of $25.97. The stock has a market capitalization of $1.46 billion, a P/E ratio of 81.81 and a beta of 0.96. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.04 and a quick ratio of 3.04. The stock’s 50-day simple moving average is $24.27 and its 200-day simple moving average is $21.05.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Thursday, September 3rd. American Assets Trust’s dividend payout ratio is currently 468.97%.

American Assets Trust News Summary

Here are the key news stories impacting American Assets Trust this week:

• Positive Sentiment: FFO met expectations: Second-quarter funds from operations were $0.51 per share, matching the Zacks consensus estimate, although slightly below $0.52 a year earlier. American Assets Trust Q2 FFO Meet Estimates
• Positive Sentiment: Outlook reaffirmed: AAT maintained full-year 2026 FFO guidance of $1.96 to $2.10 per share, with a midpoint of $2.03, consistent with the consensus forecast.
• Positive Sentiment: Attractive income and liquidity: The REIT declared a $0.34 quarterly dividend, equivalent to a 5.6% annualized yield based on the provided data. Liquidity was $609.7 million at June 30, including $500 million available under its credit line.
• Positive Sentiment: Leasing activity continued: The company signed 34 office and retail leases covering approximately 248,700 square feet, along with 575 multifamily apartment leases.
• Neutral Sentiment: Mixed ownership signals: Executive Chairman Ernest Rady reportedly purchased 759,360 shares over the past six months, while institutional investors showed nearly balanced buying and selling activity. These transactions may indicate differing views on AAT’s prospects.
• Negative Sentiment: Quarterly earnings missed: Reported EPS was $0.09 versus the $0.10 analyst estimate, and revenue of $109.5 million was below the $110.6 million consensus. Net income declined to $6.8 million from $7.1 million a year earlier. American Assets Trust Reports Second Quarter 2026 Financial Results
• Negative Sentiment: Underlying growth was muted: Same-store cash NOI increased just 0.3% in the quarter and decreased 0.1% for the first six months, suggesting limited near-term property-level momentum.

Institutional Trading of American Assets Trust

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of American Assets Trust by 262.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,234 shares during the period. Federation des caisses Desjardins du Quebec lifted its holdings in shares of American Assets Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 893 shares during the period. Tower Research Capital LLC TRC boosted its position in American Assets Trust by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 1,165 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of American Assets Trust by 16.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,758 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 833 shares during the last quarter. Finally, State of Wyoming boosted its holdings in American Assets Trust by 131.5% in the second quarter. State of Wyoming now owns 5,646 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 3,207 shares during the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley raised their price objective on American Assets Trust from $18.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, American Assets Trust presently has a consensus rating of “Reduce” and an average price target of $21.50.

American Assets Trust Company Profile

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.