Ashford Hospitality Trust (NYSE:AHT) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of Ashford Hospitality Trust Inc (NYSE:AHT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ashford Hospitality Trust currently has a consensus rating of “Reduce”.

Ashford Hospitality Trust Stock Down 0.5%

The company has a market capitalization of $20.89 million, a P/E ratio of -0.08 and a beta of 1.74. The business has a 50 day simple moving average of $3.17 and a 200-day simple moving average of $3.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AHT. State Street Corp increased its stake in shares of Ashford Hospitality Trust by 41.8% in the fourth 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 grew 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 buying an additional 5,175 shares in the last quarter. Susquehanna International Group LLP grew 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 worth $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 approximately $157,000. Finally, Dimensional Fund Advisors LP bought a new stake in Ashford Hospitality Trust during the 3rd quarter valued at $103,000. 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.