American Assets Trust, Inc (NYSE:AAT)
November 30th, 2018
Amidst rising markets American Assets Trust, Inc closed the day up $0.86 Friday, up 2.11%, closing at $41.62. Furthermore it hit a new 52 week high of $41.78. In addition to finishing higher, trading volumes were solid at 206% of normal which can indicate investors see opportunities. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.35.
AAT outperformed the rest of the Real Estate sector which went up 1.00% today.
Expectations from 5 analysts suggest that American Assets Trust, Inc might increase somewhat (4.51%), while Finbox has calculated (with medium uncertainty) a fair value price of $30.75.
The market sectors were mixed Friday with a majority of the sectors trending up. Utilities saw the biggest increase of the day (1.54%), while Energy saw the biggest drop (0.24%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Materials sector dropping 10%.
Energy saw a turn around from its 5-day performance of 0.37% trading down 0.24%.
- Utilities went up with a 1.54% change.
- Information Technology went up with a 1.06% change.
- Healthcare went up with a 1.05% change.
- Industrials went up with a 1.04% change.
- Real Estate went up with a 1.00% change.
- Consumer Staples went up with a 0.85% change.
- Consumer Discretionary went up with a 0.69% change.
- Financials went up with a 0.61% change.
- Materials went up with a 0.43% change.
- Communication Services went up with a 0.43% change.
- Energy went down with a -0.24% change.
American Assets Trust, Inc Info
American Assets Trust, Inc. (the “company”) 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 retail, office 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 retail portfolio comprises approximately 3.2 million rentable square feet, and its office portfolio comprises approximately 2.6 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, Inc., 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.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that American Assets Trust, Inc’s score is 1.35) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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