American Assets Trust $AAT Three Outside Up Reversal

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American Assets Trust $AAT stock completed a Three Outside Up reversal (shown in red square on the chart below) on November 30, 2022. The stock was trading in a short-term downtrend with the MACD giving a sell signal. After Powell, on November 30, 2022, officially announced that the pace of rate hikes would slow in December 2022, the stock exploded higher and completed a Three Outside Up reversal of the previous downtrend.

American Assets Trust stock chart on November 30 2022 with Three Outside Up candlestick pattern
American Assets Trust stock chart on November 30 2022 with Three Outside Up candlestick pattern

Self-managed real estate investment trust, or REIT, American Assets Trust has its corporate office in San Diego, California. In some of the most competitive, high-barrier-to-entry markets in the country, particularly in Southern California, Northern California, Oregon, Washington, and Hawaii, the company has over 50 years of experience acquiring, enhancing, developing, and managing premier office, retail, and residential properties.

Dark Pool Trading In American Assets Trust

A dark pool trade occurred in American Assets Trust $AAT stock on November 22, 2022. The dark pool trade was valued at $4.6 million. We think the dark pool trade was a buy order because $AAT stock rose following the trade hitting the tape.

American Assets Trust stock chart on November 30 2022 with dark pool trade shown with orange bar
American Assets Trust stock chart on November 30 2022 with dark pool trade shown with orange bar

Make sure to review this lesson on dark pool trading so that you understand the chart above.

American Assets Trust Reports Q3 2022 Financial Results

On October 25, 2022, American Assets Trust reported financial results for its third quarter ended September 30, 2022. American Assets Trust reported Q3 FFO of 63c versus the consensus estimate of 55c.

As of September 30, 2022, the company had gross real estate assets of $3.6 billion and liquidity of $427.4 million, comprising cash and cash equivalents of $63.4 million and $364 million of availability on its line of credit. As of September 30, 2022, the company had only 1 out of 31 assets encumbered by a mortgage.

American Assets Trust increased its 2022 FFO per diluted share guidance to a range of $2.30 to $2.34 per share, an increase of approximately 4% at midpoint from the prior 2022 FFO per diluted share guidance range of $2.21 to $2.27 per share.

Neuberger Berman’s Brian Jones offers opportunity plays in REITs

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