Foundry Partners LLC lifted its position in Ashford Hospitality Trust Inc (NYSE:AHT) by 3.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,148,802 shares of the real estate investment trust’s stock after purchasing an additional 40,821 shares during the period. Foundry Partners LLC’s holdings in Ashford Hospitality Trust were worth $7,421,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC bought a new stake in Ashford Hospitality Trust in the first quarter valued at $104,000. Zeke Capital Advisors LLC bought a new stake in Ashford Hospitality Trust in the first quarter valued at $104,000. Smith Asset Management Group LP boosted its holdings in Ashford Hospitality Trust by 64.8% in the first quarter. Smith Asset Management Group LP now owns 20,825 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 8,192 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in Ashford Hospitality Trust in the fourth quarter valued at $162,000. Finally, AMP Capital Investors Ltd boosted its holdings in Ashford Hospitality Trust by 80.2% in the fourth quarter. AMP Capital Investors Ltd now owns 24,247 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 10,788 shares in the last quarter. Institutional investors and hedge funds own 72.35% of the company’s stock.
AHT has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. 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. Finally, 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ashford Hospitality Trust currently has an average rating of “Hold” and an average target price of $7.50.
NYSE:AHT opened at $6.92 on Monday. The firm has a market capitalization of $682.56 million, a P/E ratio of 5.05, a P/E/G ratio of 1.12 and a beta of 1.37. Ashford Hospitality Trust Inc has a twelve month low of $5.42 and a twelve month high of $7.57. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 6.36.
Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported ($0.39) earnings per share for the quarter, meeting the consensus estimate of ($0.39). Ashford Hospitality Trust had a negative net margin of 4.75% and a negative return on equity of 10.19%. The business had revenue of $342.21 million for the quarter, compared to analysts’ expectations of $349.42 million. analysts predict that Ashford Hospitality Trust Inc will post 1.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend is Thursday, June 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently 35.04%.
Ashford Hospitality Trust Company 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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