American Assets Trust, Inc (NYSE:AAT) Plans Dividend Increase – $0.30 Per Share

American Assets Trust, Inc (NYSE:AAT) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.30 per share by the real estate investment trust on Thursday, December 26th. This represents a $1.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, December 11th. This is a boost from American Assets Trust’s previous quarterly dividend of $0.28.

Shares of AAT stock opened at $47.40 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.90 and a quick ratio of 2.90. The stock has a market cap of $2.84 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 3.42 and a beta of 0.31. The stock has a 50-day moving average of $47.28 and a 200-day moving average of $46.86. American Assets Trust has a one year low of $38.15 and a one year high of $49.26.

American Assets Trust (NYSE:AAT) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.33). The firm had revenue of $98.36 million for the quarter, compared to the consensus estimate of $83.72 million. American Assets Trust had a return on equity of 3.77% and a net margin of 11.29%. As a group, research analysts anticipate that American Assets Trust will post 2.22 earnings per share for the current year.

Separately, Zacks Investment Research raised American Assets Trust from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.67.

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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Dividend History for American Assets Trust (NYSE:AAT)

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