Kennedy Capital Management Inc. decreased its position in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 717,400 shares of the real estate investment trust’s stock after selling 53,932 shares during the period. Kennedy Capital Management Inc. owned about 0.74% of Ashford Hospitality Trust worth $4,828,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in AHT. Barnett & Company Inc. purchased a new stake in Ashford Hospitality Trust during the 4th quarter worth $132,000. SG Americas Securities LLC raised its position in shares of 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 worth $136,000 after buying an additional 9,060 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Ashford Hospitality Trust during the 3rd quarter worth about $156,000. Teacher Retirement System of Texas bought a new stake in shares of Ashford Hospitality Trust during the 4th quarter worth about $225,000. Finally, Voya Investment Management LLC raised its position in shares of Ashford Hospitality Trust by 13.4% during the 2nd quarter. Voya Investment Management LLC now owns 39,960 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 4,716 shares in the last quarter. 74.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AHT stock traded up $0.12 during midday trading on Friday, hitting $6.69. 736,726 shares of the stock traded hands, compared to its average volume of 480,518. The company has a market cap of $651.67, a price-to-earnings ratio of -5.31, a PEG ratio of 0.97 and a beta of 1.56. The company has a quick ratio of 3.94, a current ratio of 3.53 and a debt-to-equity ratio of 5.84. Ashford Hospitality Trust, Inc. has a one year low of $5.42 and a one year high of $7.20.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, March 1st. The real estate investment trust reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.71). The company had revenue of $341.57 million for the quarter, compared to analyst estimates of $334.44 million. Ashford Hospitality Trust had a negative return on equity of 9.01% and a negative net margin of 4.44%. equities research analysts expect that Ashford Hospitality Trust, Inc. will post 1.37 EPS for the current year.
Ashford Hospitality Trust declared that its board has authorized a stock repurchase plan on Monday, December 11th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
A number of analysts recently commented on AHT shares. Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Deutsche Bank cut their price target on shares of Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 9th. ValuEngine raised shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. B. Riley set a $8.00 target price on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a research report on Friday, March 2nd. Finally, Cantor Fitzgerald set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a research note on Monday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.63.
ILLEGAL ACTIVITY WARNING: “Kennedy Capital Management Inc. Has $4.83 Million Position in Ashford Hospitality Trust, Inc. (NYSE:AHT)” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/03/18/kennedy-capital-management-inc-decreases-position-in-ashford-hospitality-trust-inc-aht.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.