American Assets Trust, Inc. (NYSE:AAT – Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Thursday, June 4th will be paid a dividend of 0.34 per share by the real estate investment trust on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Thursday, June 4th.
American Assets Trust has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 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. Research analysts expect American Assets Trust to earn $2.11 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 64.5%.
American Assets Trust Price Performance
Shares of NYSE AAT opened at $23.43 on Tuesday. American Assets Trust has a twelve month low of $17.72 and a twelve month high of $23.66. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 80.78 and a beta of 0.98. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 1.58. The business has a 50 day simple moving average of $20.45 and a 200-day simple moving average of $19.44.
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.
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