Ashford Hospitality Trust (NYSE:AHT) Upgraded at Zacks Research

Zacks Research upgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a strong sell rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ashford Hospitality Trust in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ashford Hospitality Trust presently has an average rating of “Reduce”.

Ashford Hospitality Trust Price Performance

Shares of Ashford Hospitality Trust stock opened at $4.21 on Thursday. Ashford Hospitality Trust has a 12 month low of $2.89 and a 12 month high of $10.35. The business has a fifty day simple moving average of $3.93 and a 200 day simple moving average of $5.18. The stock has a market cap of $26.99 million, a PE ratio of -0.09 and a beta of 1.65.

Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Tuesday, November 4th. The real estate investment trust reported ($2.85) earnings per share for the quarter, missing the consensus estimate of ($1.14) by ($1.71). The business had revenue of $266.06 million during the quarter, compared to analysts’ expectations of $273.80 million. Analysts expect that Ashford Hospitality Trust will post -0.68 EPS for the current fiscal year.

Institutional Trading of Ashford Hospitality Trust

A number of large investors have recently bought and sold shares of the business. PFG Investments LLC lifted its stake in Ashford Hospitality Trust by 21.5% in the second quarter. PFG Investments LLC now owns 14,882 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 2,630 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Ashford Hospitality Trust during the third quarter worth $103,000. Citadel Advisors LLC acquired a new stake in shares of Ashford Hospitality Trust during the third quarter worth $157,000. Finally, Susquehanna International Group LLP lifted its position in Ashford Hospitality Trust by 49.2% in the 3rd quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock valued at $322,000 after acquiring an additional 17,991 shares in the last quarter. 41.04% of the stock is 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.