American Assets Trust (NYSE:AAT) Issues Earnings Results, Misses Estimates By $0.01 EPS

American Assets Trust (NYSE:AAT) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01), FiscalAI reports. The company had revenue of $109.48 million during the quarter, compared to analyst estimates of $110.64 million. American Assets Trust had a net margin of 4.16% and a return on equity of 1.65%. American Assets Trust updated its FY 2026 guidance to 2.030-2.030 EPS.

American Assets Trust Stock Down 1.2%

Shares of AAT stock traded down $0.28 on Wednesday, hitting $23.83. The company’s stock had a trading volume of 62,084 shares, compared to its average volume of 420,192. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.04 and a quick ratio of 3.04. American Assets Trust has a fifty-two week low of $17.72 and a fifty-two week high of $25.97. The firm’s fifty day moving average price is $24.27 and its 200-day moving average price is $21.05. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 82.35 and a beta of 0.96.

American Assets Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, September 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.7%. American Assets Trust’s dividend payout ratio (DPR) is currently 468.97%.

Institutional Trading of American Assets Trust

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in American Assets Trust by 262.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,704 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,234 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in American Assets Trust by 27.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,154 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 893 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in American Assets Trust by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,774 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,165 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of American Assets Trust by 16.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,758 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 833 shares during the period. Finally, State of Wyoming raised its position in shares of American Assets Trust by 131.5% in the second quarter. State of Wyoming now owns 5,646 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 3,207 shares during the period. Institutional investors own 90.41% of the company’s stock.

Key American Assets Trust News

Here are the key news stories impacting American Assets Trust this week:

• Positive Sentiment: FFO met expectations: Second-quarter funds from operations were $0.51 per share, matching the Zacks consensus estimate, although slightly below $0.52 a year earlier. American Assets Trust Q2 FFO Meet Estimates
• Positive Sentiment: Outlook reaffirmed: AAT maintained full-year 2026 FFO guidance of $1.96 to $2.10 per share, with a midpoint of $2.03, consistent with the consensus forecast.
• Positive Sentiment: Attractive income and liquidity: The REIT declared a $0.34 quarterly dividend, equivalent to a 5.6% annualized yield based on the provided data. Liquidity was $609.7 million at June 30, including $500 million available under its credit line.
• Positive Sentiment: Leasing activity continued: The company signed 34 office and retail leases covering approximately 248,700 square feet, along with 575 multifamily apartment leases.
• Neutral Sentiment: Mixed ownership signals: Executive Chairman Ernest Rady reportedly purchased 759,360 shares over the past six months, while institutional investors showed nearly balanced buying and selling activity. These transactions may indicate differing views on AAT’s prospects.
• Negative Sentiment: Quarterly earnings missed: Reported EPS was $0.09 versus the $0.10 analyst estimate, and revenue of $109.5 million was below the $110.6 million consensus. Net income declined to $6.8 million from $7.1 million a year earlier. American Assets Trust Reports Second Quarter 2026 Financial Results
• Negative Sentiment: Underlying growth was muted: Same-store cash NOI increased just 0.3% in the quarter and decreased 0.1% for the first six months, suggesting limited near-term property-level momentum.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AAT shares. Weiss Ratings raised shares of American Assets Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Morgan Stanley boosted their target price on American Assets Trust from $18.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, American Assets Trust currently has an average rating of “Reduce” and an average target price of $21.50.

American Assets Trust Company Profile

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.