Ashford Hospitality Trust (NYSE:AHT) Shares Cross Above 200-Day Moving Average – Time to Sell?

Ashford Hospitality Trust Inc (NYSE:AHT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.09 and traded as high as $3.30. Ashford Hospitality Trust shares last traded at $3.25, with a volume of 46,855 shares traded.

Wall Street Analyst Weigh In

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

Ashford Hospitality Trust Trading Down 2.7%

The business’s 50 day simple moving average is $3.24 and its 200 day simple moving average is $3.09. The company has a market cap of $21.03 million, a P/E ratio of -0.10 and a beta of 1.74.

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

Institutional Investors Weigh In On Ashford Hospitality Trust

Several institutional investors and hedge funds have recently modified their holdings of AHT. Dimensional Fund Advisors LP purchased a new position in shares of Ashford Hospitality Trust in the third quarter worth $103,000. State Street Corp grew its stake 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 valued at $91,000 after acquiring an additional 6,300 shares in the last quarter. Citadel Advisors LLC bought a new stake in Ashford Hospitality Trust in the 3rd quarter valued at $157,000. Susquehanna International Group LLP increased its holdings in 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 valued at $322,000 after acquiring an additional 17,991 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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. 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.