American Assets Trust (NYSE:AAT) Issues Earnings Results

by · The Markets Daily

American Assets Trust (NYSE:AAT – Get Free Report) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04, FiscalAI reports. The business had revenue of $114.28 million for the quarter, compared to analysts’ expectations 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 Stock Performance

Shares of NYSE AAT traded down $0.28 during trading on Tuesday, hitting $21.14. The company had a trading volume of 688,467 shares, compared to its average volume of 429,154. The stock has a 50 day simple moving average of $21.82 and a 200 day simple moving average of $21.35. The firm has a market capitalization of $1.30 billion, a P/E ratio of 72.88 and a beta of 0.95. American Assets Trust has a 12 month low of $17.72 and a 12 month high of $25.97. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.46 and a current ratio of 2.46.

Analyst Upgrades and Downgrades

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

Get Our Latest Report on American Assets Trust

About American Assets Trust

(Get Free Report)

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.

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