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

American Assets Trust, Inc. (NYSE:AAT) declared a quarterly dividend on Tuesday, October 29th,Zacks Dividends 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 dividend yield of 4.72%. The ex-dividend date is Thursday, December 5th.

American Assets Trust has raised its dividend by an average of 26.2% per year over the last three years. American Assets Trust has a payout ratio of 268.0% meaning 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 $2.30 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 58.3%.

American Assets Trust Trading Down 0.2 %

NYSE:AAT opened at $28.39 on Tuesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.53 and a quick ratio of 8.53. The firm has a market capitalization of $1.73 billion, a P/E ratio of 31.20 and a beta of 1.30. The company’s 50-day simple moving average is $27.38 and its 200 day simple moving average is $25.19. American Assets Trust has a one year low of $20.03 and a one year high of $29.15.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho lifted their price objective on American Assets Trust from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Morgan Stanley boosted their target price on American Assets Trust from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th.

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.