StockNews.com downgraded shares of Ashford Hospitality Trust (NYSE:AHT – Free Report) from a hold rating to a sell rating in a research note released on Wednesday morning.
Ashford Hospitality Trust Price Performance
Shares of AHT opened at $5.98 on Wednesday. Ashford Hospitality Trust has a 1 year low of $5.20 and a 1 year high of $25.50. The stock has a 50 day simple moving average of $12.06 and a two-hundred day simple moving average of $11.18. The firm has a market cap of $30.02 million, a P/E ratio of -0.29 and a beta of 2.33.
Institutional Investors Weigh In On Ashford Hospitality Trust
Hedge funds and other institutional investors have recently modified their holdings of the stock. PFG Investments LLC raised its holdings in 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 valued at $29,000 after buying an additional 12,888 shares during the last quarter. Founders Financial Securities LLC bought a new position in shares of Ashford Hospitality Trust during the second quarter valued at about $29,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ashford Hospitality Trust by 97.0% during the first 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, Renaissance Technologies LLC grew its stake in shares of 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 during the last quarter. Institutional investors own 41.04% of the company’s stock.
Ashford Hospitality Trust Company Profile
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.
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