American Assets Trust with ticker code (AAT) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 44 and 34.5 calculating the mean target price we have 38.5. Given that the stocks previous close was at 36.94 this now indicates there is a potential upside of 4.2%. The day 50 moving average is 36.39 and the 200 moving average now moves to 37.37. The company has a market capitalisation of $2,814m. Visit the company website at: https://www.americanassetstrust.com
The potential market cap would be $2,933m based on the market concensus.
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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.