StockNews.com Downgrades Ashford Hospitality Trust (NYSE:AHT) to Sell

StockNews.com downgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Ashford Hospitality Trust Price Performance

AHT opened at $8.98 on Wednesday. The firm has a 50 day simple moving average of $12.01 and a 200 day simple moving average of $11.11. Ashford Hospitality Trust has a fifty-two week low of $5.20 and a fifty-two week high of $24.90.

Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported ($12.39) EPS for the quarter, missing the consensus estimate of $0.60 by ($12.99). Ashford Hospitality Trust had a net margin of 2.84% and a negative return on equity of 12.96%. The business had revenue of $276.60 million for the quarter, compared to the consensus estimate of $273.50 million. During the same quarter in the previous year, the firm posted $0.08 EPS. Analysts forecast that Ashford Hospitality Trust will post -2.3 EPS for the current year.

Hedge Funds Weigh In On Ashford Hospitality Trust

Several institutional investors have recently modified their holdings of AHT. Price T Rowe Associates Inc. MD boosted its stake in 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 acquiring an additional 28,800 shares during the last quarter. Founders Financial Securities LLC bought a new position in shares of Ashford Hospitality Trust during the second quarter worth $29,000. PFG Investments LLC grew its holdings in shares of Ashford Hospitality Trust by 76.1% in 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 period. Finally, Renaissance Technologies LLC increased its position in shares of Ashford Hospitality Trust by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 22,400 shares in the last quarter. 41.04% of the stock is currently owned by institutional investors and hedge funds.

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.