Ashford Hospitality Trust (NYSE:AHT) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a sell rating to a hold rating in a research report report published on Monday morning.

Ashford Hospitality Trust Stock Up 4.1 %

Ashford Hospitality Trust stock opened at $0.93 on Monday. Ashford Hospitality Trust has a twelve month low of $0.77 and a twelve month high of $3.15. The company has a 50 day moving average of $0.98 and a 200-day moving average of $1.25. The stock has a market capitalization of $39.56 million, a PE ratio of -0.29 and a beta of 2.33.

Institutional Trading of Ashford Hospitality Trust

Several hedge funds and other institutional investors have recently modified their holdings of AHT. CastleKnight Management LP grew its stake in Ashford Hospitality Trust by 91.4% in the fourth quarter. CastleKnight Management LP now owns 1,940,458 shares of the real estate investment trust’s stock valued at $3,764,000 after purchasing an additional 926,564 shares in the last quarter. Navis Wealth Advisors LLC bought a new stake in shares of Ashford Hospitality Trust in the first quarter valued at approximately $144,000. Price T Rowe Associates Inc. MD grew 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 in the last quarter. Founders Financial Securities LLC bought a new position in Ashford Hospitality Trust in the 2nd quarter valued at about $29,000. Finally, PFG Investments LLC increased its stake in Ashford Hospitality Trust by 76.1% in the second 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 last quarter. Institutional investors and hedge funds own 41.04% of the company’s stock.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.