Downgrade Alert for Ashford Hospitality Trust (AHT)
Ashford Hospitality Trust (NYSE:AHT) was downgraded from Outperform to Neutral at Credit Suisse today. The stock closed yesterday at $6.04 on volume of 988,000 shares, above average daily volume of 517,000.
Ashford Hospitality Trust share prices have moved between a 52-week high of $9.35 and a 52-week low of $4.15 and closed yesterday at 46% above that low price at $6.04 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.9%.
Ashford Hospitality Trust is a self-advised real estate investment trust focusing on the lodging industry. The Company owns several hotel properties in primary, secondary, and resort markets throughout the United States.
Ashford Hospitality Trust has overhead space with shares priced $6.04, or 29.3% below the average consensus analyst price target of $8.55. Ashford Hospitality Trust shares should encounter resistance at the 200-day moving average (MA) of $6.49 and support at the 50-day MA of $5.82.
SmarTrend is monitoring the recent change of momentum in Ashford Hospitality Trust. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ashford Hospitality Trust in search of a potential trend change.
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