American Assets Trust. with ticker code (AAT) have now 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 44 and 23 calculating the average target price we see $31.25. Given that the stocks previous close was at $18.62 this indicates there is a potential upside of 67.8%. Also worth taking note is the 50 day moving average now sits at $25.62 and the 200 day MA is $27.57. The company has a market cap of $1,432m. You can visit the company’s website by visiting: https://www.americanassetstrust.com
The potential market cap would be $2,403m based on the market consensus.
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.
The company has a dividend yield of 7.09% with the ex dividend date set at 8-3-2023 (DMY).
Other points of data to note are a P/E ratio of 25.97, revenue per share of 6.97 and a 2.39% return on assets.
