Ashford Hospitality Trust (NYSE:AHT) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Ashford Hospitality Trust Inc (NYSE:AHT) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.22 and traded as high as $3.24. Ashford Hospitality Trust shares last traded at $3.21, with a volume of 4,485 shares traded.

Wall Street Analyst Weigh In

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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Ashford Hospitality Trust Stock Performance

The company has a market cap of $20.87 million, a P/E ratio of -0.08 and a beta of 1.68. The stock’s fifty day moving average price is $3.15 and its two-hundred day moving average price is $3.21.

Institutional Investors Weigh In On Ashford Hospitality Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased 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 last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Ashford Hospitality Trust during the 3rd quarter worth $103,000. Citadel Advisors LLC bought a new stake in shares of Ashford Hospitality Trust during the 3rd quarter worth $157,000. 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 last quarter. Finally, Susquehanna International Group LLP boosted its stake 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 in the last quarter. 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.