Geode Capital Management LLC Has $6.36 Million Stake in Ashford Hospitality Trust Inc (AHT)

Geode Capital Management LLC lifted its holdings in shares of Ashford Hospitality Trust Inc (NYSE:AHT) by 18.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 944,359 shares of the real estate investment trust’s stock after purchasing an additional 144,329 shares during the quarter. Geode Capital Management LLC’s holdings in Ashford Hospitality Trust were worth $6,355,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Ashford Hospitality Trust by 1.6% during the 4th quarter. BlackRock Inc. now owns 7,911,925 shares of the real estate investment trust’s stock worth $53,247,000 after acquiring an additional 123,176 shares during the period. LSV Asset Management lifted its holdings in shares of Ashford Hospitality Trust by 15.6% during the 4th quarter. LSV Asset Management now owns 2,435,832 shares of the real estate investment trust’s stock worth $16,393,000 after acquiring an additional 328,646 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Ashford Hospitality Trust by 12.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,639,999 shares of the real estate investment trust’s stock worth $11,038,000 after acquiring an additional 176,995 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Ashford Hospitality Trust by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,552,321 shares of the real estate investment trust’s stock worth $10,354,000 after acquiring an additional 25,573 shares during the period. Finally, Foundry Partners LLC lifted its holdings in shares of Ashford Hospitality Trust by 3.3% during the 4th quarter. Foundry Partners LLC now owns 1,107,981 shares of the real estate investment trust’s stock worth $7,457,000 after acquiring an additional 35,311 shares during the period. 74.63% of the stock is owned by institutional investors.

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Several equities analysts recently issued reports on AHT shares. Cantor Fitzgerald set a $8.00 price target on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a report on Monday, March 5th. B. Riley set a $8.00 price target on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a report on Friday, March 2nd. Deutsche Bank cut their price target on shares of Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, February 9th. ValuEngine downgraded shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Ashford Hospitality Trust presently has an average rating of “Hold” and an average target price of $7.50.

Shares of AHT stock opened at $6.74 on Monday. Ashford Hospitality Trust Inc has a 12-month low of $5.42 and a 12-month high of $7.20. The stock has a market cap of $650.69, a P/E ratio of 4.92, a PEG ratio of 0.98 and a beta of 1.37. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 5.84.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.12%. The ex-dividend date is Wednesday, March 28th. Ashford Hospitality Trust’s dividend payout ratio is currently 35.04%.

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Ashford Hospitality Trust Profile

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

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

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