American Assets Trust, Inc. (AAT) to Distribute Quarterly Dividend of $0.34 on December 17th

American Assets Trust, Inc. (NYSE:AAT) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Thursday, December 10th will be given a dividend of $0.34 per share by the real estate investment trust on Thursday, December 17th. This represents a $1.36 annualized dividend and a yield of 6.3%. The ex-dividend date is Thursday, December 10th.

American Assets Trust has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 4 years. American Assets Trust has a payout ratio of 302.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect American Assets Trust to earn $2.11 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 64.5%.

American Assets Trust Stock Performance

Shares of AAT stock opened at $21.61 on Thursday. The stock’s 50-day moving average is $21.77 and its two-hundred day moving average is $21.38. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 74.50 and a beta of 0.95. American Assets Trust has a 1 year low of $17.72 and a 1 year high of $25.97. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.46 and a current ratio of 2.46.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $114.28 million for the quarter, compared to analysts’ expectations of $111.87 million. American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%. Analysts predict that American Assets Trust will post 2.03 earnings per share for the current year.

About American Assets Trust

American Assets Trust, Inc (NYSE:AAT) is a self-administered and self-managed real estate investment trust (REIT) that owns, operates, acquires and develops primarily commercial and residential properties. Its portfolio includes office buildings, retail centers and multifamily communities.

The company focuses on high-quality properties in markets with attractive economic and demographic characteristics. Its properties are concentrated in select coastal regions of the United States, including Southern California, Northern California, Washington and Hawaii.

American Assets Trust traces its roots to a real estate business established by Ernest S.