American Assets Trust (NYSE:AAT) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02), Yahoo Finance reports. The company had revenue of $81.75 million during the quarter. American Assets Trust had a net margin of 10.90% and a return on equity of 3.97%.
American Assets Trust (AAT) opened at $32.98 on Wednesday. American Assets Trust has a 1-year low of $31.46 and a 1-year high of $44.83. 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. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56.
AAT has been the subject of several research analyst reports. Zacks Investment Research cut shares of American Assets Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Bank of America cut shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Thursday, November 2nd. Finally, Mizuho reiterated a “hold” rating and issued a $40.00 price target on shares of American Assets Trust in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. American Assets Trust presently has an average rating of “Hold” and a consensus target price of $44.00.
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About American Assets Trust
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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