American Assets Trust, Inc. (AAT) to Issue Quarterly Dividend of $0.34 on March 20th

American Assets Trust, Inc. (NYSE:AAT) announced a quarterly dividend on Tuesday, February 4th, Wall Street Journal reports. Stockholders of record on Thursday, March 6th will be given 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 dividend yield of 6.12%. The ex-dividend date is Thursday, March 6th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.34.

American Assets Trust has increased its dividend by an average of 18.8% per year 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. Equities research 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 %

AAT stock opened at $22.21 on Tuesday. American Assets Trust has a 52-week low of $20.03 and a 52-week high of $29.15. The company’s 50 day simple moving average is $24.01 and its 200-day simple moving average is $26.02. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. The firm has a market capitalization of $1.36 billion, a P/E ratio of 24.96 and a beta of 1.30.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.55 earnings per share (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%. As a group, equities research analysts anticipate that American Assets Trust will post 1.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Mizuho decreased their target price on shares of American Assets Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a research 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.