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

American Assets Trust, Inc. (NYSE:AATGet Free Report) announced a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Stockholders of record on Thursday, June 6th will be given a dividend of 0.335 per share by the real estate investment trust on Thursday, June 20th. This represents a $1.34 annualized dividend and a dividend yield of 6.14%. The ex-dividend date is Thursday, June 6th.

American Assets Trust has increased its dividend by an average of 26.2% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. American Assets Trust has a dividend payout ratio of 183.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect American Assets Trust to earn $2.23 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 60.1%.

American Assets Trust Stock Performance

American Assets Trust stock opened at $21.81 on Wednesday. The firm has a 50 day simple moving average of $21.49 and a 200-day simple moving average of $21.71. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.02 and a quick ratio of 3.02. American Assets Trust has a 1-year low of $17.15 and a 1-year high of $23.92. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 24.51 and a beta of 1.28.

American Assets Trust (NYSE:AATGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.35). American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. The company had revenue of $110.70 million during the quarter, compared to analyst estimates of $106.39 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. On average, analysts expect that American Assets Trust will post 2.28 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Mizuho reduced their target price on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd.

View Our Latest Stock Analysis on American Assets Trust

American Assets Trust Company Profile

(Get Free Report)

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.

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Dividend History for American Assets Trust (NYSE:AAT)

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