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

Ashford Hospitality Trust Inc (NYSE:AHTGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.17 and traded as high as $3.25. Ashford Hospitality Trust shares last traded at $3.2250, with a volume of 15,106 shares traded.

Analyst Upgrades and Downgrades

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

Get Our Latest Research Report on AHT

Ashford Hospitality Trust Stock Performance

The company has a market capitalization of $21.00 million, a PE ratio of -0.08 and a beta of 1.74. The firm has a 50 day simple moving average of $3.18 and a two-hundred day simple moving average of $3.17.

Hedge Funds Weigh In On Ashford Hospitality Trust

A number of large investors have recently bought and sold shares of AHT. Dimensional Fund Advisors LP purchased a new stake in shares of Ashford Hospitality Trust in the third quarter valued at about $103,000. State Street Corp raised its holdings in Ashford Hospitality Trust by 41.8% during the fourth quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 6,300 shares in the last quarter. Citadel Advisors LLC purchased a new position in Ashford Hospitality Trust during the third quarter worth about $157,000. Susquehanna International Group LLP lifted its position in Ashford Hospitality Trust by 49.2% in the third quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 17,991 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in 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 valued at $274,000 after purchasing an additional 5,175 shares in the last quarter. Hedge funds and other institutional investors own 41.04% of the company’s stock.

Ashford Hospitality Trust Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Ashford Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.