Cornerstone Capital Management Holdings LLC. cut its holdings in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 34.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,802 shares of the real estate investment trust’s stock after selling 133,200 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.26% of Ashford Hospitality Trust worth $1,718,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in Ashford Hospitality Trust by 80.5% during the 3rd quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 9,060 shares during the period. Verition Fund Management LLC bought a new position in Ashford Hospitality Trust during the 2nd quarter valued at about $148,000. Schroder Investment Management Group bought a new position in Ashford Hospitality Trust during the 3rd quarter valued at about $156,000. WFG Advisors LP lifted its stake in Ashford Hospitality Trust by 20.1% during the 2nd quarter. WFG Advisors LP now owns 31,230 shares of the real estate investment trust’s stock valued at $190,000 after acquiring an additional 5,230 shares during the period. Finally, Arete Wealth Advisors LLC bought a new position in Ashford Hospitality Trust during the 2nd quarter valued at about $194,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. ValuEngine raised shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $7.50 target price on shares of Ashford Hospitality Trust in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Ashford Hospitality Trust currently has a consensus rating of “Hold” and a consensus price target of $7.42.
Ashford Hospitality Trust, Inc. (AHT) traded down $0.07 during midday trading on Friday, hitting $6.69. The stock had a trading volume of 405,503 shares, compared to its average volume of 532,764. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 5.29. The company has a market cap of $651.71, a P/E ratio of -4.74, a P/E/G ratio of 0.93 and a beta of 1.47. Ashford Hospitality Trust, Inc. has a 52-week low of $5.68 and a 52-week high of $8.23.
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 analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $353.33 million for the quarter, compared to the consensus estimate of $360.10 million. Ashford Hospitality Trust had a negative net margin of 5.61% and a negative return on equity of 10.79%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. equities analysts expect that Ashford Hospitality Trust, Inc. will post 1.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.12 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.48 dividend on an annualized basis and a yield of 7.17%. Ashford Hospitality Trust’s dividend payout ratio is presently -34.04%.
Ashford Hospitality Trust announced that its Board of Directors has initiated a share repurchase program on Monday, December 11th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
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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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