Forsta AP Fonden purchased a new position in Ashford Hospitality Trust Inc (NYSE:AHT) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 59,700 shares of the real estate investment trust’s stock, valued at approximately $363,000. Forsta AP Fonden owned approximately 0.06% of Ashford Hospitality Trust at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Great West Life Assurance Co. Can boosted its stake in Ashford Hospitality Trust by 176.0% in the first quarter. Great West Life Assurance Co. Can now owns 131,117 shares of the real estate investment trust’s stock valued at $835,000 after buying an additional 83,605 shares during the period. Wells Fargo & Company MN boosted its stake in Ashford Hospitality Trust by 1.7% in the first quarter. Wells Fargo & Company MN now owns 935,860 shares of the real estate investment trust’s stock valued at $5,962,000 after buying an additional 15,922 shares during the period. Clear Harbor Asset Management LLC boosted its stake in Ashford Hospitality Trust by 112.4% in the first quarter. Clear Harbor Asset Management LLC now owns 141,723 shares of the real estate investment trust’s stock valued at $903,000 after buying an additional 74,990 shares during the period. Nationwide Fund Advisors boosted its stake in Ashford Hospitality Trust by 0.5% in the first quarter. Nationwide Fund Advisors now owns 476,446 shares of the real estate investment trust’s stock valued at $3,035,000 after buying an additional 2,479 shares during the period. Finally, James Investment Research Inc. boosted its stake in Ashford Hospitality Trust by 168.4% in the first quarter. James Investment Research Inc. now owns 592,151 shares of the real estate investment trust’s stock valued at $3,772,000 after buying an additional 371,551 shares during the period. Hedge funds and other institutional investors own 72.09% of the company’s stock.
Shares of Ashford Hospitality Trust Inc (NYSE AHT) traded down 3.49% during trading on Tuesday, hitting $6.09. 859,060 shares of the stock were exchanged. Ashford Hospitality Trust Inc has a 12-month low of $5.35 and a 12-month high of $8.23. The stock’s market cap is $593.40 million. The stock has a 50-day moving average of $6.25 and a 200 day moving average of $6.56.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.03. The company had revenue of $390.70 million during the quarter, compared to analyst estimates of $399.01 million. Ashford Hospitality Trust had a negative return on equity of 10.36% and a negative net margin of 5.43%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. Equities analysts predict that Ashford Hospitality Trust Inc will post ($0.99) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 7.88%. The ex-dividend date of this dividend was Wednesday, June 28th. Ashford Hospitality Trust’s payout ratio is currently -35.82%.
Several research firms have recently commented on AHT. Canaccord Genuity restated a “hold” rating and issued a $7.00 target price on shares of Ashford Hospitality Trust in a research note on Monday, June 26th. ValuEngine cut shares of Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Monday. BidaskClub cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cantor Fitzgerald set a $8.00 target price on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a research note on Thursday, May 18th. Finally, Zacks Investment Research cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Ashford Hospitality Trust has a consensus rating of “Hold” and an average price target of $7.54.
Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.
Receive News & Ratings for Ashford Hospitality Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust Inc and related companies with MarketBeat.com's FREE daily email newsletter.
