Ashford Hospitality Trust (NYSE:AHT) Upgraded to “Hold” at Wall Street Zen

Ashford Hospitality Trust (NYSE:AHT) was upgraded by analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

A number of other research analysts have also recently issued reports on AHT. Weiss Ratings reissued a “sell (d-)” rating on shares of Ashford Hospitality Trust in a report on Monday, December 29th. Zacks Research upgraded shares of Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Ashford Hospitality Trust Trading Down 1.4%

NYSE AHT opened at $2.96 on Friday. The company has a market capitalization of $18.97 million, a PE ratio of -0.08 and a beta of 1.69. The firm’s fifty day simple moving average is $3.85 and its 200-day simple moving average is $4.64. Ashford Hospitality Trust has a 1-year low of $2.74 and a 1-year high of $8.54.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in 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 period. State Street Corp lifted its holdings 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 worth $91,000 after purchasing an additional 6,300 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Ashford Hospitality Trust in the 3rd quarter worth about $103,000. Susquehanna International Group LLP raised its stake in shares of 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 worth $322,000 after purchasing an additional 17,991 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Ashford Hospitality Trust during the 3rd quarter worth $157,000. 41.04% of the stock is currently owned by institutional investors and hedge funds.

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.