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

American Assets Trust (NYSE:AAT) posted its earnings results on Tuesday. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04, FiscalAI reports. The company had revenue of $114.28 million for the quarter, compared to the consensus estimate of $111.87 million. American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.

American Assets Trust Price Performance

Shares of AAT stock traded down $0.28 during trading on Tuesday, hitting $21.14. The company had a trading volume of 688,467 shares, compared to its average volume of 429,496. The stock’s 50-day moving average price is $21.82 and its 200 day moving average price is $21.35. The firm has a market capitalization of $1.30 billion, a P/E ratio of 72.88 and a beta of 0.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.46 and a current ratio of 2.46. American Assets Trust has a one year low of $17.72 and a one year high of $25.97.

Analyst Upgrades and Downgrades

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

American Assets Trust Company Profile

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.