Ashford Hospitality Trust Inc (AHT) : Traders are bullish on Ashford Hospitality Trust Inc (AHT) as it has outperformed the S&P 500 by a wide margin of 20.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.48% in the last 1 week, and is up 22.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 12.11% and the 50-Day Moving Average is 21.07%. Ashford Hospitality Trust Inc (NYSE:AHT): stock turned positive on Friday. Though the stock opened at $6.51, the bulls momentum made the stock top out at $6.8 level for the day. The stock recorded a low of $6.51 and closed the trading day at $6.77, in the green by 3.83%. The total traded volume for the day was 605,637. The stock had closed at $6.52 in the previous days trading.
The company Insiders own 16.9% of Ashford Hospitality Trust Inc shares according to the proxy statements. Institutional Investors own 73.66% of Ashford Hospitality Trust Inc shares. During last six month period, the net percent change held by insiders has seen a change of 12.34%. Also, Credit Suisse downgrades their rating on the shares of Ashford Hospitality Trust Inc (NYSE:AHT). The current rating of the shares is Underperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 21, 2016.
Ashford Hospitality Trust, Inc., (Ashford), together with its subsidiaries, is a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry. The Company is engaged in direct hotel investments within the hotel lodging industry. Ashford owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Its hotels are primarily operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. Its hotels are located in the United States. The Company, through Remington Lodging, manages the Hampton Inn & Suites Gainesville hotel, which has 124 guestrooms, including 27 studio suites. The hotels amenities include 1,700 square feet of meeting space, a boardroom, Saltwater Lap Pool and Spa, Jump Start fitness center and on-site parking. Ashford OP General Partner LLC is a wholly owned subsidiary of the Company.