Ashford Hospitality Trust (NYSE:AHT) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Ashford Hospitality Trust Inc (NYSE:AHT)’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.

Wall Street Analysts Forecast Growth

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

Ashford Hospitality Trust Stock Performance

The firm has a fifty day simple moving average of $3.17 and a 200-day simple moving average of $3.17. The company has a market capitalization of $20.89 million, a PE ratio of -0.08 and a beta of 1.74.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of 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 during the last quarter. Geode Capital Management LLC increased its holdings in Ashford Hospitality Trust by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 5,175 shares during the last quarter. Susquehanna International Group LLP increased its holdings 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 buying an additional 17,991 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Ashford Hospitality Trust during the third quarter valued at approximately $157,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Ashford Hospitality Trust during the third quarter valued at approximately $103,000. 41.04% of the stock is currently owned by institutional investors.

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.