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

American Assets Trust (NYSE:AAT) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.240-2.340 for the period, compared to the consensus EPS estimate of 2.300. The company issued revenue guidance of -.

American Assets Trust Price Performance

AAT stock traded down $0.37 during mid-day trading on Tuesday, reaching $21.35. The company’s stock had a trading volume of 217,759 shares, compared to its average volume of 299,201. The stock has a market cap of $1.30 billion, a PE ratio of 25.86 and a beta of 1.26. 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 has a fifty-two week low of $17.06 and a fifty-two week high of $23.92. The company’s 50 day moving average is $21.24 and its two-hundred day moving average is $21.13.

American Assets Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $0.335 dividend. This is an increase from American Assets Trust’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, March 6th. This represents a $1.34 dividend on an annualized basis and a yield of 6.28%. American Assets Trust’s dividend payout ratio is presently 159.52%.

Wall Street Analysts Forecast Growth

Separately, Mizuho cut their price objective on shares of American Assets Trust from $23.00 to $22.00 and set a neutral rating for the company 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.