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

American Assets Trust, Inc. (NYSE:AAT) declared a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Thursday, March 5th will be paid a dividend of 0.34 per share by the real estate investment trust on Thursday, March 19th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Thursday, March 5th.

American Assets Trust has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. American Assets Trust has a dividend 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 $2.48 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 54.8%.

American Assets Trust Trading Up 2.8%

Shares of American Assets Trust stock traded up $0.51 during trading hours on Wednesday, reaching $18.59. 557,280 shares of the company’s stock were exchanged, compared to its average volume of 486,280. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 18.45 and a beta of 0.98. The company has a fifty day moving average of $18.72 and a 200-day moving average of $19.44. American Assets Trust has a 52-week low of $16.69 and a 52-week high of $23.76. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 1.52.

American Assets Trust (NYSE:AAT) last posted its quarterly earnings data on Tuesday, February 3rd. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.43). American Assets Trust had a net margin of 13.98% and a return on equity of 5.43%. The company had revenue of $110.09 million for the quarter, compared to analyst estimates of $108.70 million. American Assets Trust has set its FY 2026 guidance at 1.960-2.100 EPS. Sell-side analysts forecast that American Assets Trust will post 1.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AAT shares. Wall Street Zen lowered American Assets Trust from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “hold (c)” rating on shares of American Assets Trust in a report on Wednesday, January 21st. Morgan Stanley cut American Assets Trust from an “equal weight” rating to an “underweight” rating and set a $17.00 price target for the company. in a research note on Friday, January 16th. Finally, Mizuho set a $19.00 target price on American Assets Trust in a research note on Friday, January 9th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Assets Trust has a consensus rating of “Reduce” and a consensus price target of $18.00.

American Assets Trust Company Profile

American Assets Trust, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops and manages a diversified portfolio of commercial properties across multiple asset classes. The company’s holdings include retail centers, office buildings, multifamily communities and select hotel and resort properties. American Assets Trust pursues an integrated strategy combining proactive redevelopment, leasing initiatives and sustainable design to enhance asset value and drive long-term growth.

Founded in 1998 and headquartered in San Diego, California, American Assets Trust has built a presence in key markets along the West Coast and select western U.S.