StockNews.com upgraded shares of Ashford Hospitality Trust (NYSE:AHT – Free Report) to a sell rating in a research note issued to investors on Wednesday morning.
Ashford Hospitality Trust Stock Up 3.3 %
AHT opened at $1.24 on Wednesday. The firm has a market cap of $49.24 million, a price-to-earnings ratio of -0.21 and a beta of 2.20. Ashford Hospitality Trust has a fifty-two week low of $1.14 and a fifty-two week high of $5.09. The company’s 50-day moving average price is $1.35 and its 200 day moving average price is $1.71.
Institutional Investors Weigh In On Ashford Hospitality Trust
Several institutional investors and hedge funds have recently bought and sold shares of AHT. CastleKnight Management LP raised its stake in Ashford Hospitality Trust by 91.4% during the fourth quarter. CastleKnight Management LP now owns 1,940,458 shares of the real estate investment trust’s stock worth $3,764,000 after acquiring an additional 926,564 shares during the period. Navis Wealth Advisors LLC acquired a new stake in Ashford Hospitality Trust during the first quarter worth about $144,000. Finally, M&T Bank Corp acquired a new stake in Ashford Hospitality Trust during the third quarter worth about $34,000. 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.
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