Ashford Hospitality Trust (NYSE:AHT) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Ashford Hospitality Trust Inc (NYSE:AHT) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.10 and traded as high as $3.36. Ashford Hospitality Trust shares last traded at $3.34, with a volume of 180,747 shares traded.

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 investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Ashford Hospitality Trust Price Performance

The stock has a market capitalization of $21.55 million, a PE ratio of -0.10 and a beta of 1.74. The stock’s 50-day moving average is $3.20 and its 200 day moving average is $3.10.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its stake 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 valued at $91,000 after purchasing an additional 6,300 shares during the period. Geode Capital Management LLC lifted its position in shares of Ashford Hospitality Trust by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 5,175 shares during the period. Susquehanna International Group LLP boosted its stake 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 buying an additional 17,991 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Ashford Hospitality Trust in the 3rd quarter valued at $157,000. Finally, Dimensional Fund Advisors LP bought a new stake in Ashford Hospitality Trust in the third quarter valued at $103,000. 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.