Ashford Hospitality Trust (NYSE:AHT) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.57 and traded as high as $9.24. Ashford Hospitality Trust shares last traded at $8.72, with a volume of 42,674 shares.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th.

Ashford Hospitality Trust Price Performance

The stock’s fifty day simple moving average is $8.21 and its 200-day simple moving average is $8.57. The firm has a market cap of $48.14 million, a PE ratio of -0.68 and a beta of 2.39.

Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported ($12.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($12.99). The firm had revenue of $276.60 million during the quarter, compared to analysts’ expectations of $273.50 million. Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. During the same quarter last year, the business earned $0.08 EPS.

Institutional Trading of Ashford Hospitality Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. PFG Investments LLC increased its stake in shares of Ashford Hospitality Trust by 76.1% in the second quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 12,888 shares during the period. Geode Capital Management LLC boosted its holdings in Ashford Hospitality Trust by 42.6% in the third quarter. Geode Capital Management LLC now owns 531,694 shares of the real estate investment trust’s stock valued at $398,000 after purchasing an additional 158,882 shares during the last quarter. FMR LLC grew its position in Ashford Hospitality Trust by 24.3% during the 3rd quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 38,215 shares during the period. Finally, Renaissance Technologies LLC grew its position in Ashford Hospitality Trust by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 22,400 shares during the period. 41.04% of the stock is currently owned by institutional investors and hedge funds.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc, together with its subsidiaries (Ashford Trust), is a real estate investment trust (REIT). While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room (RevPAR) generally less than twice the U.S.