American Assets Trust, Inc (NYSE:AAT) declared a quarterly dividend on Wednesday, October 31st, Wall Street Journal reports. Shareholders of record on Thursday, December 13th will be given a dividend of 0.28 per share by the real estate investment trust on Thursday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Wednesday, December 12th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.27.
American Assets Trust has increased its dividend payment by an average of 5.6% per year over the last three years. American Assets Trust has a dividend payout ratio of 52.2% meaning its dividend is sufficiently covered by earnings. Equities 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 AAT stock traded up $0.16 during trading hours on Wednesday, reaching $38.36. 411,552 shares of the company were exchanged, compared to its average volume of 261,883. American Assets Trust has a fifty-two week low of $30.62 and a fifty-two week high of $39.99. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 3.39 and a beta of 0.31. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 1.56.
American Assets Trust (NYSE:AAT) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.28). American Assets Trust had a return on equity of 2.25% and a net margin of 5.70%. The company had revenue of $82.51 million for the quarter, compared to analyst estimates of $79.33 million. On average, equities research analysts forecast that American Assets Trust will post 2.09 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. ValuEngine raised shares of American Assets Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Zacks Investment Research downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $41.20.
In other American Assets Trust news, CEO Ernest S. Rady bought 7,001 shares of American Assets Trust stock in a transaction that occurred on Wednesday, August 8th. The stock was acquired at an average price of $38.67 per share, for a total transaction of $270,728.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernest S. Rady bought 5,000 shares of American Assets Trust stock in a transaction that occurred on Monday, August 6th. The shares were acquired at an average price of $38.78 per share, with a total value of $193,900.00. The disclosure for this purchase can be found here. 37.90% of the stock is owned by corporate insiders.
American Assets Trust Company Profile
American Assets Trust, Inc (the ?company?) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier retail, office 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, Oregon, Washington, Texas and Hawaii.
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