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

Ashford Hospitality Trust, Inc. (NYSE:AHT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th.

Ashford Hospitality Trust Trading Down 1.2 %

The firm has a market cap of $48.14 million, a P/E ratio of -0.68 and a beta of 2.39. The business has a 50-day moving average price of $8.21 and a 200-day moving average price of $8.57.

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 the consensus estimate of $0.60 by ($12.99). Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. The business had revenue of $276.60 million for the quarter, compared to the consensus estimate of $273.50 million. During the same quarter in the previous year, the company earned $0.08 earnings per share.

Hedge Funds Weigh In On Ashford Hospitality Trust

Large investors have recently bought and sold shares of the business. PFG Investments LLC increased its holdings in shares of Ashford Hospitality Trust by 76.1% in the 2nd quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 12,888 shares during the period. Geode Capital Management LLC grew its stake 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 stake in Ashford Hospitality Trust by 24.3% in the third quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 38,215 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Ashford Hospitality Trust by 4.9% in the second 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 in the last quarter. Institutional investors own 41.04% of the company’s stock.

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.