Ashford Hospitality Trust (NYSE:AHT – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
Ashford Hospitality Trust Trading Down 2.3 %
Ashford Hospitality Trust stock traded down $0.02 on Monday, reaching $0.88. 140,392 shares of the stock were exchanged, compared to its average volume of 502,207. The stock has a market cap of $37.37 million, a PE ratio of -0.28 and a beta of 2.33. Ashford Hospitality Trust has a twelve month low of $0.77 and a twelve month high of $3.17. The firm has a fifty day moving average price of $0.99 and a two-hundred day moving average price of $1.25.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in shares of Ashford Hospitality Trust by 4.9% during the 2nd 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 during the period. PFG Investments LLC increased its holdings in shares of Ashford Hospitality Trust by 76.1% during the 2nd quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 12,888 shares during the period. Founders Financial Securities LLC bought a new position in shares of Ashford Hospitality Trust during the 2nd quarter worth about $29,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Ashford Hospitality Trust by 97.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,500 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 28,800 shares during the period. Finally, Navis Wealth Advisors LLC bought a new position in shares of Ashford Hospitality Trust during the 1st quarter worth about $144,000. Institutional investors own 41.04% of the company’s stock.
About Ashford Hospitality Trust
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
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