StockNews.com Begins Coverage on Ashford Hospitality Trust (NYSE:AHT)

StockNews.com initiated coverage on shares of Ashford Hospitality Trust (NYSE:AHT – Get Rating) in a report released on Thursday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Separately, B. Riley reduced their target price on shares of Ashford Hospitality Trust from $9.00 to $6.50 and set a neutral rating for the company in a report on Monday, March 13th.

Ashford Hospitality Trust Stock Performance

Shares of AHT stock opened at $3.07 on Thursday. The company has a market capitalization of $105.88 million, a price-to-earnings ratio of -0.69 and a beta of 2.28. The company has a 50-day simple moving average of $5.51 and a 200 day simple moving average of $6.38. Ashford Hospitality Trust has a 52 week low of $3.06 and a 52 week high of $12.09.

Institutional Trading of Ashford Hospitality Trust

A number of institutional investors have recently bought and sold shares of AHT. Raymond James Financial Services Advisors Inc. bought a new stake in Ashford Hospitality Trust in the 1st quarter valued at about $230,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Ashford Hospitality Trust by 22.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,230 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 4,827 shares in the last quarter. Rhumbline Advisers raised its position in shares of Ashford Hospitality Trust by 12.6% in the 1st quarter. Rhumbline Advisers now owns 38,017 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 4,251 shares in the last quarter. BlackRock Inc. raised its position in shares of Ashford Hospitality Trust by 0.4% in the 1st quarter. BlackRock Inc. now owns 1,710,372 shares of the real estate investment trust’s stock valued at $17,446,000 after buying an additional 6,539 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Ashford Hospitality Trust by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 246,645 shares of the real estate investment trust’s stock valued at $2,516,000 after buying an additional 13,399 shares in the last quarter. Institutional investors own 43.12% of the company’s stock.

Ashford Hospitality Trust Company Profile

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Ashford Hospitality Trust, Inc is a real estate investment trust, which invests in the hospitality industry. The firm’s investments include direct hotel, mezzanine financing through origination or acquisition, first mortgage financing through origination or acquisition, sale-leaseback transactions and other hospitality transactions.