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

American Assets Trust, Inc. (NYSE:AAT - Get Free Report) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Thursday, December 5th.

American Assets Trust has increased its dividend 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 Price Performance

NYSE AAT traded down $0.72 during trading hours on Thursday, reaching $27.07. The company's stock had a trading volume of 77,876 shares, compared to its average volume of 279,613. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 30.82 and a beta of 1.30. The company's 50-day moving average is $26.87 and its two-hundred day moving average is $24.17. The company has a debt-to-equity ratio of 1.48, a current ratio of 3.03 and a quick ratio of 3.03. American Assets Trust has a 1-year low of $17.57 and a 1-year high of $28.44.

American Assets Trust (NYSE:AAT - Get Free Report) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share 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 business had revenue of $110.89 million for the quarter, compared to analyst estimates of $107.66 million. During the same period in the previous year, the company earned $0.59 earnings per share. On average, equities analysts predict that American Assets Trust will post 2.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AAT. Mizuho upped their price target on shares of American Assets Trust from $22.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Morgan Stanley boosted their price objective on American Assets Trust from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Wednesday.

About American Assets Trust

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.