American Assets Trust, Inc (AAT) Declares Quarterly Dividend of $0.27
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.
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.
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