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

American Assets Trust, Inc. (NYSE:AAT) declared a quarterly dividend on Tuesday, February 4th, Wall Street Journal reports. Shareholders of record on Thursday, March 6th will be paid a dividend of 0.34 per share by the real estate investment trust on Thursday, March 20th. This represents a $1.36 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.34.

American Assets Trust has raised its dividend payment by an average of 18.8% annually over the last three years. American Assets Trust has a payout ratio of 151.1% 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 $2.48 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 54.8%.

American Assets Trust Stock Down 1.1 %

NYSE AAT opened at $22.21 on Tuesday. The business has a fifty day moving average price of $24.01 and a two-hundred day moving average price of $26.02. The stock has a market capitalization of $1.36 billion, a PE ratio of 24.96 and a beta of 1.30. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. American Assets Trust has a fifty-two week low of $20.03 and a fifty-two week high of $29.15.

American Assets Trust (NYSE:AAT) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.41. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. Equities analysts expect that American Assets Trust will post 1.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Mizuho cut their price target on shares of American Assets Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th.

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.