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

American Assets Trust, Inc. (NYSE:AAT - Get Free Report) declared a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Investors of record on Thursday, June 6th will be paid a dividend of 0.335 per share by the real estate investment trust on Thursday, June 20th. This represents a $1.34 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, June 6th.

American Assets Trust has increased its dividend payment by an average of 26.2% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. American Assets Trust has a payout ratio of 183.6% 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 $2.24 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 59.8%.

American Assets Trust Stock Up 0.4 %

AAT traded up $0.09 during trading on Wednesday, reaching $21.44. 330,243 shares of the stock were exchanged, compared to its average volume of 299,630. The stock has a market cap of $1.31 billion, a P/E ratio of 25.52 and a beta of 1.26. American Assets Trust has a twelve month low of $17.06 and a twelve month high of $23.92. The stock's 50 day moving average price is $21.23 and its two-hundred day moving average price is $21.16. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.93 and a current ratio of 2.93.

American Assets Trust (NYSE:AAT - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.35). American Assets Trust had a net margin of 11.42% and a return on equity of 4.31%. The company had revenue of $110.70 million during the quarter, compared to analyst estimates of $106.39 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Equities analysts expect that American Assets Trust will post 2.26 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Mizuho decreased their price target on shares of American Assets Trust from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, February 23rd.

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.