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 Trading Down 1.7 %

Shares of NYSE:AAT traded down $0.37 during trading hours on Tuesday, hitting $21.35. 217,759 shares of the company’s stock traded hands, compared to its average volume of 299,201. American Assets Trust has a 1 year low of $17.06 and a 1 year high of $23.92. The business has a fifty day moving average price of $21.24 and a 200-day moving average price of $21.13. The firm has a market capitalization of $1.30 billion, a P/E ratio of 25.86 and a beta of 1.26. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.93 and a quick ratio of 2.93.

American Assets Trust Increases Dividend

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

Analyst Ratings Changes

Separately, Mizuho lowered their price target on American Assets Trust from $23.00 to $22.00 and set a neutral rating for the company in a report 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.