Vanguard Group Inc. raised its stake in shares of Ashford Hospitality Trust Inc (NYSE:AHT) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,010,778 shares of the real estate investment trust’s stock after acquiring an additional 541,526 shares during the quarter. Vanguard Group Inc. owned approximately 17.46% of Ashford Hospitality Trust worth $103,426,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Utah Retirement Systems raised its holdings in Ashford Hospitality Trust by 38.8% during the 1st quarter. Utah Retirement Systems now owns 17,900 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 5,000 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Ashford Hospitality Trust during the 2nd quarter worth about $116,000. Eqis Capital Management Inc. grew its position in shares of Ashford Hospitality Trust by 5.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 1,481 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Ashford Hospitality Trust by 2.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 44,198 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 1,258 shares during the period. Finally, American International Group Inc. grew its position in shares of Ashford Hospitality Trust by 7.0% in the 1st quarter. American International Group Inc. now owns 48,123 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 3,163 shares during the period. 70.57% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, November 1st. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Cantor Fitzgerald reissued a “buy” rating and set a $7.50 target price on shares of Ashford Hospitality Trust in a report on Tuesday, October 3rd. BidaskClub lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.42.
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Shares of Ashford Hospitality Trust Inc (NYSE AHT) traded down $0.05 on Friday, hitting $6.31. The company’s stock had a trading volume of 234,300 shares, compared to its average volume of 647,464. The company has a debt-to-equity ratio of 5.29, a quick ratio of 4.37 and a current ratio of 3.94. Ashford Hospitality Trust Inc has a 52-week low of $5.68 and a 52-week high of $8.23. The company has a market capitalization of $618.59, a price-to-earnings ratio of 4.88, a PEG ratio of 0.92 and a beta of 1.53.
Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The business had revenue of $353.33 million for the quarter, compared to analysts’ expectations of $360.10 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Ashford Hospitality Trust’s quarterly revenue was down 5.0% compared to the same quarter last year. equities analysts forecast that Ashford Hospitality Trust Inc will post 1.38 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.61%. The ex-dividend date of this dividend was Thursday, September 28th. Ashford Hospitality Trust’s dividend payout ratio is presently -35.04%.
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.
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