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

American Assets Trust (NYSE:AAT – Get Free Report) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04, FiscalAI reports. American Assets Trust had a net margin of 4.09% and a return on equity of 1.66%. The business had revenue of $114.28 million during the quarter, compared to analysts’ expectations of $111.87 million.

American Assets Trust Price Performance

Shares of NYSE:AAT traded down $0.28 during trading hours on Tuesday, hitting $21.14. 688,467 shares of the company’s stock traded hands, compared to its average volume of 429,154. American Assets Trust has a 52 week low of $17.72 and a 52 week 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. The company’s fifty day simple moving average is $21.82 and its two-hundred day simple moving average is $21.35. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 72.88 and a beta of 0.95.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a research report on Tuesday, August 18th. Morgan Stanley lifted their price target on American Assets Trust from $18.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Assets Trust currently has a consensus rating of “Reduce” and a consensus target price of $21.50.

View 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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Earnings History for American Assets Trust (NYSE:AAT)

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