Ashford Hospitality Trust (NYSE:AHT) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Ashford Hospitality Trust (NYSE:AHT) to a hold rating in a report released on Saturday.

AHT has been the topic of a number of other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ashford Hospitality Trust in a research note on Monday, December 29th. Zacks Research raised shares of Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ashford Hospitality Trust presently has an average rating of “Reduce”.

Ashford Hospitality Trust Price Performance

Shares of NYSE:AHT opened at $2.96 on Friday. Ashford Hospitality Trust has a 1 year low of $2.74 and a 1 year high of $8.54. The business has a 50 day simple moving average of $3.85 and a two-hundred day simple moving average of $4.62. The firm has a market capitalization of $18.97 million, a PE ratio of -0.08 and a beta of 1.69.

Institutional Trading of Ashford Hospitality Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AHT. Geode Capital Management LLC increased its holdings in shares of Ashford Hospitality Trust by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 5,175 shares during the period. Susquehanna International Group LLP boosted its position 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 during the last quarter. Citadel Advisors LLC acquired a new position in Ashford Hospitality Trust in the 3rd quarter worth approximately $157,000. State Street Corp increased its holdings in 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 worth $91,000 after buying an additional 6,300 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in Ashford Hospitality Trust during the 3rd quarter worth approximately $103,000. Institutional investors and hedge funds 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.