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Will Ashford Hospitality Trust Continue to Surge Higher?

Zacks Equity Research
Despite rising supply, AvalonBay's (AVB) Q1 earnings are expected to benefit from favorable demographics, household formation, healthy economy and job-market growth.

 

As of late, it has definitely been a great time to be an investor in Ashford Hospitality Trust Inc AHT. The stock has moved higher by 0.8% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider AHT’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as AHT has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Ashford Hospitality Trust Inc (AHT) : Free Stock Analysis Report
 
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