American Assets Trust (AAT) Posts Earnings Results, Misses Expectations By $0.02 EPS
American Assets Trust (NYSE:AAT) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02), Yahoo Finance reports. The business had revenue of $81.75 million during the quarter. American Assets Trust had a return on equity of 3.97% and a net margin of 10.90%.
American Assets Trust (AAT) traded down $1.32 during trading hours on Wednesday, reaching $31.66. 35,325 shares of the company were exchanged, compared to its average volume of 178,629. American Assets Trust has a 52 week low of $30.93 and a 52 week high of $44.83. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.56. The company has a market cap of $1,537.31, a price-to-earnings ratio of 49.97, a P/E/G ratio of 2.77 and a beta of 0.40.
A number of equities research analysts have recently weighed in on the stock. Mizuho restated a “hold” rating and issued a $40.00 price objective on shares of American Assets Trust in a report on Friday, November 10th. Bank of America lowered shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. American Assets Trust has an average rating of “Hold” and an average price target of $44.00.
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American Assets Trust Company Profile
American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.
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