American Assets Trust, Inc. (AAT) to Distribute Quarterly Dividend of $0.34 on September 17th

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

American Assets Trust has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive 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. Equities 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 Stock Down 0.0%

NYSE AAT opened at $22.42 on Tuesday. American Assets Trust has a one year low of $17.72 and a one year high of $25.97. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.46 and a current ratio of 2.46. The stock has a 50 day moving average price of $23.96 and a 200-day moving average price of $21.82. The company has a market capitalization of $1.38 billion, a P/E ratio of 77.31 and a beta of 0.96.

American Assets Trust (NYSE:AAT) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $109.48 million during the quarter, compared to the consensus estimate of $110.64 million. American Assets Trust has set its FY 2026 guidance at 2.030-2.030 EPS. As a group, equities analysts predict that American Assets Trust will post 2.03 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.