American Assets Trust (NYSE:AAT) Announces Quarterly Earnings Results, Misses Estimates By $0.37 EPS

American Assets Trust (NYSE:AAT) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.37), Yahoo Finance reports. American Assets Trust had a return on equity of 3.77% and a net margin of 11.29%. The business had revenue of $98.95 million during the quarter. American Assets Trust updated its FY 2020
After-Hours guidance to 2.38-2.46 EPS.

Shares of NYSE AAT opened at $46.00 on Friday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 58.98, a PEG ratio of 3.07 and a beta of 0.37. American Assets Trust has a 12 month low of $42.94 and a 12 month high of $49.26. The firm’s 50 day simple moving average is $46.23 and its 200-day simple moving average is $46.67. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.90 and a quick ratio of 2.90.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.61%. American Assets Trust’s payout ratio is 57.42%.

Separately, Zacks Investment Research downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $49.67.

In other news, CFO Robert F. Barton sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $44.81, for a total transaction of $1,120,250.00. Following the sale, the chief financial officer now owns 65,405 shares of the company’s stock, valued at approximately $2,930,798.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 37.30% of the stock is owned by company insiders.

About American Assets Trust

American Assets Trust, Inc (the “company”) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.

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Earnings History for American Assets Trust (NYSE:AAT)

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