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

American Assets Trust, Inc. (NYSE:AAT) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Thursday, September 3rd will be given a dividend of 0.34 per share by the real estate investment trust on Thursday, September 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Thursday, September 3rd.

American Assets Trust has raised its dividend payment 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 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 $2.10 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 64.8%.

American Assets Trust Trading Down 0.0%

NYSE:AAT opened at $22.42 on Tuesday. The stock has a fifty day moving average price of $23.96 and a two-hundred day moving average price of $21.82. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 77.31 and a beta of 0.96. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.46 and a current ratio of 2.46. American Assets Trust has a 1 year low of $17.72 and a 1 year high of $25.97.

American Assets Trust (NYSE:AAT) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). American Assets Trust had a return on equity of 1.66% and a net margin of 4.09%.The company had revenue of $109.48 million for the quarter, compared to analysts’ expectations of $110.64 million. American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. As a group, sell-side analysts anticipate that American Assets Trust will post 2.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AAT has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of American Assets Trust in a research report on Tuesday, August 18th. Morgan Stanley increased their price objective on shares of American Assets Trust from $18.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $21.50.

About American Assets Trust

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.