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

American Assets Trust, Inc. (NYSE:AAT) declared a quarterly dividend on Wednesday, July 31st, Wall Street Journal reports. Stockholders of record on Thursday, September 5th will be paid a dividend of 0.335 per share by the real estate investment trust on Thursday, September 19th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Thursday, September 5th.

American Assets Trust has increased its dividend by an average of 26.2% per year over the last three years. American Assets Trust has a payout ratio of 183.6% 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 analysts expect American Assets Trust to earn $2.23 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 60.1%.

American Assets Trust Trading Up 2.7 %

Shares of American Assets Trust stock traded up $0.70 during mid-day trading on Wednesday, hitting $26.52. 573,506 shares of the stock were exchanged, compared to its average volume of 297,638. American Assets Trust has a twelve month low of $17.15 and a twelve month high of $27.55. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 29.80 and a beta of 1.29. The company has a 50-day simple moving average of $22.42 and a 200 day simple moving average of $21.99. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.47.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.33). The business had revenue of $110.89 million for the quarter, compared to analyst estimates of $107.66 million. American Assets Trust had a net margin of 12.05% and a return on equity of 4.60%. During the same period last year, the firm earned $0.59 earnings per share. Research analysts forecast that American Assets Trust will post 2.28 EPS 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.