Ashford Hospitality Trust (NYSE:AHT) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Ashford Hospitality Trust Inc (NYSE:AHT) passed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

Ashford Hospitality Trust Stock Down 0.2%

The firm’s 50-day simple moving average is $3.22 and its 200-day simple moving average is $3.07. The firm has a market capitalization of $20.28 million, a PE ratio of -0.09 and a beta of 1.75.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings data on Wednesday, August 12th. The real estate investment trust reported $1.62 EPS for the quarter, topping the consensus estimate of ($6.64) by $8.26. The company had revenue of $273.24 million during the quarter, compared to analysts’ expectations of $293.00 million. On average, equities research analysts forecast that Ashford Hospitality Trust Inc will post -9.97 earnings per share for the current year.

Institutional Trading of Ashford Hospitality Trust

A number of institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new position in shares of Ashford Hospitality Trust during the third quarter valued at approximately $157,000. Susquehanna International Group LLP lifted its stake 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 worth $322,000 after acquiring an additional 17,991 shares during the period. Dimensional Fund Advisors LP purchased a new position in Ashford Hospitality Trust during the 3rd quarter valued at $103,000. State Street Corp raised its holdings in 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 worth $91,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Geode Capital Management LLC raised 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 worth $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.

About Ashford Hospitality Trust

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.