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

Key Points

• American Assets Trust, Inc. announced a quarterly dividend of $0.34 per share, with a yield of 7.14%, and the ex-dividend date set for September 4th.
• The company currently has a dividend payout ratio of 302.2%, indicating reliance on its balance sheet to cover dividends, but expects to have a more sustainable payout ratio of 54.8% in the next fiscal year.
• Institutional investors own 90.41% of American Assets Trust, with significant increases in holdings reported by Royal Bank of Canada and Jane Street Group LLC during the first quarter.

American Assets Trust, Inc. (NYSE:AAT - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, Wall Street Journal reports. Shareholders of record on Thursday, September 4th will be given a dividend of 0.34 per share by the real estate investment trust on Thursday, September 18th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, September 4th.

American Assets Trust has a dividend payout ratio of 302.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 1.2%

NYSE:AAT traded down $0.24 on Friday, hitting $18.80. The stock had a trading volume of 173,083 shares, compared to its average volume of 420,257. The firm's fifty day simple moving average is $20.13 and its two-hundred day simple moving average is $20.63. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.12 and a current ratio of 3.55. American Assets Trust has a 1 year low of $16.69 and a 1 year high of $29.15. The stock has a market cap of $1.15 billion, a P/E ratio of 16.17 and a beta of 1.15.

American Assets Trust (NYSE:AAT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. American Assets Trust had a net margin of 16.26% and a return on equity of 6.47%. The company had revenue of $107.93 million during the quarter, compared to analyst estimates of $107.75 million. Analysts predict that American Assets Trust will post 1.94 earnings per share for the current year.

American Assets Trust Company Profile

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.