American Assets Trust, Inc (NYSE:AAT) declared a quarterly dividend on Tuesday, July 28th, Zacks reports. Shareholders 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 is Wednesday, September 9th. This is a positive change from American Assets Trust’s previous quarterly dividend of $0.20.
American Assets Trust has raised its dividend payment by an average of 12.9% per year over the last three years and has increased its dividend every year for the last 8 years. American Assets Trust has a dividend payout ratio of 63.5% meaning its dividend is sufficiently covered by earnings. Research 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%.
Shares of AAT stock traded down $0.72 during trading hours on Thursday, reaching $26.28. The company’s stock had a trading volume of 1,755 shares, compared to its average volume of 272,087. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.03. American Assets Trust has a one year low of $20.15 and a one year high of $49.26. The stock has a market capitalization of $1.58 billion, a P/E ratio of 12.37, a P/E/G ratio of 3.44 and a beta of 0.98. The firm’s fifty day simple moving average is $27.73 and its 200 day simple moving average is $32.62.
American Assets Trust (NYSE:AAT) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.24). American Assets Trust had a net margin of 12.08% and a return on equity of 3.52%. The company had revenue of $82.11 million for the quarter. As a group, equities research analysts forecast that American Assets Trust will post 1.93 earnings per share for the current fiscal year.
Several brokerages have commented on AAT. Morgan Stanley lowered shares of American Assets Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, May 18th. Wells Fargo & Co raised their target price on American Assets Trust from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Finally, Zacks Investment Research cut American Assets Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price 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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