American Assets Trust, Inc. (AAT) To Go Ex-Dividend on June 6th

American Assets Trust, Inc. (NYSE:AAT) announced a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Investors of record on Thursday, June 6th will be paid a dividend of 0.335 per share by the real estate investment trust on Thursday, June 20th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend is Thursday, June 6th.

American Assets Trust has raised its dividend payment by an average of 26.2% annually over the last three years and has increased its dividend every year for the last 4 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. Analysts expect American Assets Trust to earn $2.24 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 59.8%.

American Assets Trust Price Performance

Shares of NYSE:AAT opened at $21.44 on Thursday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.47. American Assets Trust has a fifty-two week low of $17.06 and a fifty-two week high of $23.92. The firm has a 50-day simple moving average of $21.22 and a 200 day simple moving average of $21.16. The company has a market cap of $1.31 billion, a PE ratio of 24.09 and a beta of 1.25.

American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.35). American Assets Trust had a net margin of 12.05% and a return on equity of 4.59%. The business had revenue of $110.70 million for the quarter, compared to the consensus estimate of $106.39 million. During the same period in the prior year, the company earned $0.66 EPS. On average, sell-side analysts anticipate that American Assets Trust will post 2.26 EPS for the current year.

Analysts Set New Price Targets

Separately, Mizuho decreased their target price on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd.

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.