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

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 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend 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 dividend 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. Research 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 Up 1.6 %

Shares of NYSE AAT opened at $27.79 on Thursday. The firm has a fifty day simple moving average of $26.83 and a two-hundred day simple moving average of $24.14. American Assets Trust has a 12 month low of $17.57 and a 12 month high of $28.44. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $1.69 billion, a PE ratio of 31.26 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 for the quarter, missing the consensus estimate of $0.53 by ($0.33). American Assets Trust had a net margin of 12.00% and a return on equity of 4.62%. The firm had revenue of $110.89 million for the quarter, compared to the consensus estimate of $107.66 million. During the same period in the previous year, the firm posted $0.59 earnings per share. Equities analysts expect that American Assets Trust will post 2.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their price target on American Assets Trust from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday. Mizuho increased their price objective 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.

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.