American Assets Trust (NYSE:AAT) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

American Assets Trust (NYSE:AAT) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04, FiscalAI reports. The firm had revenue of $114.28 million for the quarter, compared to the consensus estimate of $111.87 million. American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.

American Assets Trust Trading Up 1.5%

Shares of NYSE:AAT traded up $0.32 during midday trading on Thursday, reaching $21.95. 36,930 shares of the company’s stock were exchanged, compared to its average volume of 428,738. The firm’s 50 day simple moving average is $21.77 and its two-hundred day simple moving average is $21.38. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.46 and a quick ratio of 2.46. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 75.57 and a beta of 0.95. American Assets Trust has a fifty-two week low of $17.72 and a fifty-two week high of $25.97.

American Assets Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 10th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Thursday, December 10th. American Assets Trust’s dividend payout ratio (DPR) is presently 468.97%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AAT shares. Morgan Stanley raised their target price on American Assets Trust from $18.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of American Assets Trust in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $21.50.

About American Assets Trust

American Assets Trust, Inc (NYSE:AAT) is a self-administered and self-managed real estate investment trust (REIT) that owns, operates, acquires and develops primarily commercial and residential properties. Its portfolio includes office buildings, retail centers and multifamily communities.

The company focuses on high-quality properties in markets with attractive economic and demographic characteristics. Its properties are concentrated in select coastal regions of the United States, including Southern California, Northern California, Washington and Hawaii.

American Assets Trust traces its roots to a real estate business established by Ernest S.