Ashford Hospitality Trust (NYSE:AHT) Stock Rating Upgraded by Wall Street Zen

Ashford Hospitality Trust (NYSE:AHT) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Ashford Hospitality Trust in a research report on Monday, December 29th. Zacks Research upgraded Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Ashford Hospitality Trust Stock Performance

AHT opened at $2.96 on Friday. Ashford Hospitality Trust has a 1 year low of $2.74 and a 1 year high of $8.54. The company’s 50 day simple moving average is $3.85 and its 200 day simple moving average is $4.61. The stock has a market capitalization of $18.97 million, a PE ratio of -0.08 and a beta of 1.69.

Institutional Trading of Ashford Hospitality Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Ashford Hospitality Trust by 41.8% in the 4th quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 6,300 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Ashford Hospitality Trust in the third quarter valued at about $103,000. Citadel Advisors LLC bought a new stake in Ashford Hospitality Trust in the third quarter valued at about $157,000. Geode Capital Management LLC raised its stake in Ashford Hospitality Trust by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 5,175 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in Ashford Hospitality Trust by 49.2% during the 3rd quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 17,991 shares during the last quarter. Institutional investors own 41.04% of the company’s stock.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust, Inc (NYSE: AHT) is a real estate investment trust that acquires, owns and operates upscale and upper-upscale full-service hotels in the United States. The company’s portfolio spans a variety of urban, resort and convention-oriented markets and includes both well-known national brands and independent properties. Ashford Hospitality Trust seeks to generate long-term value through active asset management, strategic acquisitions, dispositions and selective joint venture partnerships.

Founded in 2003 and headquartered in Dallas, Texas, Ashford Hospitality Trust invests in properties affiliated with leading hospitality brands, including Marriott, Hilton, Hyatt and Starwood.