Lido Advisors LLC Takes Position in Ashford Hospitality Trust, Inc. (AHT)

Lido Advisors LLC purchased a new stake in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 160,000 shares of the real estate investment trust’s stock, valued at approximately $1,124,000. Lido Advisors LLC owned about 0.16% of Ashford Hospitality Trust as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AHT. Dimensional Fund Advisors LP raised its position in shares of Ashford Hospitality Trust by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,603 shares of the real estate investment trust’s stock valued at $9,788,000 after purchasing an additional 68,871 shares during the period. Metropolitan Life Insurance Co. NY raised its position in shares of Ashford Hospitality Trust by 5.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 60,696 shares of the real estate investment trust’s stock valued at $387,000 after purchasing an additional 2,989 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Ashford Hospitality Trust by 42.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 59,700 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 17,700 shares during the period. Global X Management Co. LLC grew its stake in Ashford Hospitality Trust by 4.8% during the second quarter. Global X Management Co. LLC now owns 1,201,780 shares of the real estate investment trust’s stock valued at $7,307,000 after acquiring an additional 54,610 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Ashford Hospitality Trust by 30.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,301,506 shares of the real estate investment trust’s stock valued at $7,914,000 after acquiring an additional 302,950 shares in the last quarter. Institutional investors own 71.05% of the company’s stock.

Shares of Ashford Hospitality Trust, Inc. (AHT) opened at $6.83 on Thursday. Ashford Hospitality Trust, Inc. has a twelve month low of $5.68 and a twelve month high of $8.23. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 5.29. The firm has a market cap of $665.35, a PE ratio of 5.16, a P/E/G ratio of 0.98 and a beta of 1.46.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Ashford Hospitality Trust had a negative net margin of 5.61% and a negative return on equity of 10.79%. The business had revenue of $353.33 million during the quarter, compared to the consensus estimate of $360.10 million. During the same quarter in the prior year, the firm posted $0.40 EPS. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. equities analysts forecast that Ashford Hospitality Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Ashford Hospitality Trust declared that its Board of Directors has initiated a share repurchase program on Monday, December 11th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date is Thursday, December 28th. Ashford Hospitality Trust’s payout ratio is currently -34.04%.

Several research firms recently weighed in on AHT. B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, November 1st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $7.50 target price on shares of Ashford Hospitality Trust in a research note on Tuesday, October 3rd. ValuEngine cut shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Robert W. Baird reissued a “hold” rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Ashford Hospitality Trust presently has a consensus rating of “Hold” and a consensus target price of $7.42.

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About Ashford Hospitality Trust

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.

Institutional Ownership by Quarter for Ashford Hospitality Trust (NYSE:AHT)

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