American Assets Trust, Inc (NYSE:AAT) Increases Dividend to $0.30 Per Share

American Assets Trust, Inc (NYSE:AAT) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Thursday, December 12th will be given a dividend of 0.30 per share by the real estate investment trust on Thursday, December 26th. This represents a $1.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.28.

Shares of American Assets Trust stock opened at $47.40 on Monday. The business has a 50 day simple moving average of $47.28 and a two-hundred day simple moving average of $46.86. American Assets Trust has a 12 month low of $38.15 and a 12 month high of $49.26. The stock has a market capitalization of $2.84 billion, a P/E ratio of 22.68, a PEG ratio of 3.42 and a beta of 0.31. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.90 and a quick ratio of 2.90.

American Assets Trust (NYSE:AAT) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.33). The firm had revenue of $98.36 million during the quarter, compared to analysts’ expectations of $83.72 million. American Assets Trust had a net margin of 11.29% and a return on equity of 3.77%. As a group, research analysts anticipate that American Assets Trust will post 2.22 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded American Assets Trust from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $50.67.

About American Assets Trust

American Assets Trust, Inc (the “company”) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.

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Dividend History for American Assets Trust (NYSE:AAT)

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