American Assets Trust, Inc (NYSE:AAT) announced a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be paid a dividend of 0.27 per share by the real estate investment trust on Thursday, March 29th. This represents a $1.08 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Wednesday, March 14th.

American Assets Trust has raised its dividend by an average of 5.6% per year over the last three years. American Assets Trust has a dividend payout ratio of 54.0% meaning its dividend is sufficiently covered by earnings. Analysts expect American Assets Trust to earn $2.13 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 50.7%.

Shares of American Assets Trust (AAT) opened at $32.00 on Thursday. American Assets Trust has a 52-week low of $30.93 and a 52-week high of $44.83. The firm has a market cap of $1,554.27, a P/E ratio of 17.27, a PEG ratio of 2.80 and a beta of 0.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.76 and a quick ratio of 2.76.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $81.75 million for the quarter. American Assets Trust had a return on equity of 3.75% and a net margin of 10.16%. research analysts expect that American Assets Trust will post 2.06 earnings per share for the current fiscal year.

In other news, CEO Ernest S. Rady acquired 5,825 shares of American Assets Trust stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average price of $39.46 per share, for a total transaction of $229,854.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ernest S. Rady acquired 40,167 shares of American Assets Trust stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average price of $39.34 per share, with a total value of $1,580,169.78. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 156,554 shares of company stock valued at $6,121,031. 34.15% of the stock is currently owned by company insiders.

Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of American Assets Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Mizuho reiterated a “hold” rating and set a $40.00 price objective on shares of American Assets Trust in a research note on Friday, November 10th. Finally, Bank of America lowered shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. American Assets Trust has a consensus rating of “Hold” and a consensus price target of $44.00.

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American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.

Dividend History for American Assets Trust (NYSE:AAT)

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