American Assets traded at $20.76 this Friday May 15th, decreasing $0.09 or 0.43 percent since the previous trading session. Looking back, over the last four weeks, American Assets lost 2.12 percent. Over the last 12 months, its price rose by 4.11 percent. Looking ahead, we forecast American Assets to be priced at 20.60 by the end of this quarter and at 19.35 in one year, according to Trading Economics global macro models projections and analysts expectations.
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops high quality retail, office, multifamily and mixed-use properties in attractive, high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. The Company operates in four business segments: retail, office, multifamily and mixed-use. The Company’s portfolio is comprised of approximately 12 retail shopping centers; approximately nine office properties; a mixed-use property consisting of approximately 369-room all-suite hotel and a retail shopping center; and approximately six multifamily properties. the Company owned land at three of our properties that it classified as held for development and construction in progress. The Company’s markets include San Diego, the San Francisco Bay Area, Portland, Oregon, Bellevue, Washington and Oahu, Hawaii.