American Assets Trust, Inc (NYSE:AAT) Increases Dividend to $0.25 Per Share

American Assets Trust, Inc (NYSE:AAT) declared a quarterly dividend on Tuesday, July 28th, Zacks reports. Investors of record on Thursday, September 10th will be given a dividend of 0.25 per share by the real estate investment trust on Thursday, September 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, September 9th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.20.

American Assets Trust has raised its dividend by an average of 12.9% per year over the last three years and has raised its dividend every year for the last 8 years. American Assets Trust has a payout ratio of 63.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Assets Trust to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 39.0%.

American Assets Trust stock traded down $0.72 during mid-day trading on Thursday, reaching $26.28. 1,755 shares of the company’s stock traded hands, compared to its average volume of 272,087. American Assets Trust has a 12-month low of $20.15 and a 12-month high of $49.26. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average of $27.73 and a two-hundred day moving average of $32.62. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 3.44 and a beta of 0.98.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.24). The business had revenue of $82.11 million during the quarter. American Assets Trust had a return on equity of 3.52% and a net margin of 12.08%. As a group, sell-side analysts forecast that American Assets Trust will post 1.93 earnings per share for the current year.

Several equities research analysts have recently issued reports on AAT shares. Morgan Stanley lowered American Assets Trust from an “overweight” rating to an “equal weight” rating in a research note on Monday, May 18th. Wells Fargo & Co raised their price target on American Assets Trust from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Finally, Zacks Investment Research cut shares of American Assets Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. American Assets Trust presently has an average rating of “Hold” and a consensus price target of $39.50.

American Assets Trust Company Profile

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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