American Assets Trust found using ticker (AAT) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 44 and 28 with a mean TP of 32.5. With the stocks previous close at 29.66 this would indicate that there is a potential upside of 9.6%. The 50 day MA is 27.38 while the 200 day moving average is 29.04. The company has a market capitalisation of $2,216m. You can visit the company’s website by visiting: https://www.americanassetstrust.com
The potential market cap would be $2,428m based on the market concensus.
American Assets Trust 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 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, Oregon, Washington, Texas and Hawaii. The company’s office portfolio comprises approximately 3.4 million rentable square feet, and its retail portfolio comprises approximately 3.1 million square feet. In addition, the company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,112 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.
