American Assets Trust (AAT) Set to Announce Earnings on Tuesday

American Assets Trust (NYSE:AAT) will issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

American Assets Trust Stock Performance

Shares of AAT opened at $21.29 on Tuesday. The company’s 50 day simple moving average is $21.26 and its 200-day simple moving average is $21.03. The firm has a market cap of $1.30 billion, a PE ratio of 25.34 and a beta of 1.26. American Assets Trust has a 12-month low of $17.06 and a 12-month high of $23.92. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.47.

American Assets Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $0.335 per share. This is an increase from American Assets Trust’s previous quarterly dividend of $0.33. This represents a $1.34 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend was Wednesday, March 6th. American Assets Trust’s dividend payout ratio (DPR) is presently 159.52%.

Analyst Ratings Changes

Separately, Mizuho decreased their target price on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd.

About American Assets Trust

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, 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, Washington, Oregon, Texas and Hawaii.