Ashford Hospitality Trust (NYSE:AHT) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Ashford Hospitality Trust Inc (NYSE:AHT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.08 and traded as high as $3.11. Ashford Hospitality Trust shares last traded at $3.02, with a volume of 25,478 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, June 24th. One investment 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.com, the stock currently has a consensus rating of “Reduce”.

Ashford Hospitality Trust Trading Down 1.5%

The business has a fifty day simple moving average of $3.21 and a 200 day simple moving average of $3.08. The stock has a market capitalization of $18.67 million, a P/E ratio of -0.09 and a beta of 1.75.

Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Wednesday, August 12th. The real estate investment trust reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of ($6.64) by $8.26. The company had revenue of $273.24 million during the quarter, compared to the consensus estimate of $293.00 million. As a group, research analysts forecast that Ashford Hospitality Trust Inc will post -9.97 earnings per share for the current year.

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.