American Assets Trust, Inc. Announces Quarterly Dividend of $0.34 (NYSE:AAT)

American Assets Trust, Inc. (NYSE:AAT) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Thursday, December 5th will be given a dividend of 0.335 per share by the real estate investment trust on Thursday, December 19th. This represents a $1.34 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Thursday, December 5th.

American Assets Trust has increased its dividend by an average of 26.2% per year over the last three years. American Assets Trust has a payout ratio of 188.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect American Assets Trust to earn $2.29 per share next year, which means the company should continue to be able to cover its $1.34 annual dividend with an expected future payout ratio of 58.5%.

American Assets Trust Stock Performance

AAT stock opened at $27.82 on Thursday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 31.22 and a beta of 1.30. The firm has a 50-day simple moving average of $26.83 and a two-hundred day simple moving average of $24.14. American Assets Trust has a one year low of $17.57 and a one year high of $28.44. The company has a debt-to-equity ratio of 1.48, a quick ratio of 3.03 and a current ratio of 3.03.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.33). The firm had revenue of $110.89 million for the quarter, compared to analysts’ expectations of $107.66 million. American Assets Trust had a net margin of 12.00% and a return on equity of 4.62%. During the same period in the previous year, the company posted $0.59 earnings per share. On average, equities analysts forecast that American Assets Trust will post 2.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on AAT shares. Morgan Stanley increased their price target on shares of American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday. Mizuho increased their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, August 19th.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.