American Assets Trust, Inc. (AAT) to Issue Quarterly Dividend of $0.34 on December 19th

American Assets Trust, Inc. (NYSE:AAT) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.335 per share by the real estate investment trust on Thursday, December 19th. This represents a $1.34 annualized dividend and a yield of 4.84%. The ex-dividend date is Thursday, December 5th.

American Assets Trust has raised its dividend payment by an average of 26.2% annually over the last three years. American Assets Trust has a payout ratio of 188.7% meaning 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

Shares of NYSE:AAT traded down $0.09 on Thursday, hitting $27.70. 4,315 shares of the company were exchanged, compared to its average volume of 279,265. The company’s 50 day moving average price is $26.83 and its two-hundred day moving average price is $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. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 31.20 and a beta of 1.30.

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

Analyst Ratings Changes

A number of research firms recently weighed in on AAT. Morgan Stanley upped their target price on shares of American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday. Mizuho boosted 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.