Ashford Hospitality Trust (NYSE:AHT) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Ashford Hospitality Trust Inc (NYSE:AHT) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.07 and traded as high as $3.14. Ashford Hospitality Trust shares last traded at $3.1350, with a volume of 3,117 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ashford Hospitality Trust in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Ashford Hospitality Trust Trading Up 0.3%

The stock has a market capitalization of $20.38 million, a PE ratio of -0.10 and a beta of 1.75. The business’s 50 day moving average is $3.22 and its 200 day moving average is $3.07.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Wednesday, August 12th. The real estate investment trust reported $1.62 EPS for the quarter, beating the consensus estimate of ($6.64) by $8.26. The business had revenue of $273.24 million during the quarter, compared to the consensus estimate of $293.00 million. As a group, analysts anticipate that Ashford Hospitality Trust Inc will post -9.97 EPS for the current year.

Institutional Investors Weigh In On Ashford Hospitality Trust

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

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.