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 13.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.36%, 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 1.33% in the last 1 week, and is up 13.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Ashford Hospitality Trust, Inc. is up 43.39% in the last 3-month period. Year-to-Date the stock performance stands at 13.72%. The stock has recorded a 20-day Moving Average of 9% and the 50-Day Moving Average is 19%.
Ashford Hospitality Trust Inc (NYSE:AHT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.77 and $6.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.86, notching a gain of 1.33% for the day. The total traded volume was 356,161 . The stock had closed at $6.77 on the previous day.
Also, Brokerage firm Credit Suisse downgrades its rating on Ashford Hospitality Trust Inc (NYSE:AHT). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. 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.