American Assets Trust Inc reports results for the quarter ended June 30 - Earnings Summary
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American Assets Trust Increported adjusted earnings of 9 cents per share for the quarter ended June 30, down from 20 cents a year ago. Revenue decreased by 2.7% to $107.93 million, slightly above analyst expectations. The company’s net income was $5.46 million. Shares rose 3.0% this quarter but are down 22.5% year-to-date. Analysts maintain a "hold" rating with a median 12-month price target of $21.00, reflecting a 3.1% upside from the last closing price of $20.35.
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