American Assets Trust (NYSE:AAT) Posts Quarterly Earnings Results, Misses Estimates By $0.35 EPS

American Assets Trust (NYSE:AAT) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.35), Yahoo Finance reports. American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. The company had revenue of $110.70 million for the quarter, compared to the consensus estimate of $106.39 million. During the same quarter in the previous year, the firm posted $0.66 EPS.

American Assets Trust Stock Down 0.2 %

American Assets Trust stock opened at $21.51 on Friday. The company has a market cap of $1.31 billion, a P/E ratio of 24.17 and a beta of 1.25. American Assets Trust has a 1-year low of $17.15 and a 1-year high of $23.92. The company has a fifty day simple moving average of $21.22 and a 200 day simple moving average of $21.18. The company has a current ratio of 3.02, a quick ratio of 2.93 and a debt-to-equity ratio of 1.47.

American Assets Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend is Thursday, June 6th. American Assets Trust’s payout ratio is presently 150.56%.

Analysts Set New Price Targets

Separately, Mizuho lowered their target price on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note 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.