Ashford Hospitality Trust Inc (AHT) Shares Sold by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. cut its holdings in Ashford Hospitality Trust Inc (NYSE:AHT) by 41.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 65,400 shares of the real estate investment trust’s stock after selling 46,107 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned about 0.07% of Ashford Hospitality Trust worth $440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. grew its position in shares of Ashford Hospitality Trust by 1.6% in the 4th quarter. BlackRock Inc. now owns 7,911,925 shares of the real estate investment trust’s stock valued at $53,247,000 after purchasing an additional 123,176 shares during the period. Renaissance Technologies LLC grew its position in shares of Ashford Hospitality Trust by 29.4% in the 4th quarter. Renaissance Technologies LLC now owns 3,575,500 shares of the real estate investment trust’s stock valued at $24,063,000 after purchasing an additional 811,400 shares during the period. LSV Asset Management grew its position in shares of Ashford Hospitality Trust by 15.6% in the 4th quarter. LSV Asset Management now owns 2,435,832 shares of the real estate investment trust’s stock valued at $16,393,000 after purchasing an additional 328,646 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Ashford Hospitality Trust by 12.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,639,999 shares of the real estate investment trust’s stock valued at $11,038,000 after purchasing an additional 176,995 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Ashford Hospitality Trust by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,552,321 shares of the real estate investment trust’s stock valued at $10,354,000 after purchasing an additional 25,573 shares during the period. Institutional investors and hedge funds own 74.63% of the company’s stock.

Several research firms have commented on AHT. Zacks Investment Research upgraded Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. ValuEngine cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Cantor Fitzgerald set a $8.00 target price on Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Monday, March 5th. B. Riley set a $8.00 target price on Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Friday, March 2nd. Finally, Deutsche Bank cut their target price on Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.57.

NYSE AHT opened at $6.64 on Friday. The company has a market capitalization of $655.56, a price-to-earnings ratio of 4.85, a PEG ratio of 0.98 and a beta of 1.37. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 5.84. Ashford Hospitality Trust Inc has a 52 week low of $5.42 and a 52 week high of $7.20.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.71). Ashford Hospitality Trust had a negative return on equity of 9.01% and a negative net margin of 4.44%. The company had revenue of $341.57 million for the quarter, compared to the consensus estimate of $334.44 million. equities analysts expect that Ashford Hospitality Trust Inc will post 1.37 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date is Wednesday, March 28th. Ashford Hospitality Trust’s dividend payout ratio is currently 35.04%.

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About Ashford Hospitality Trust

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.

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

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