Teacher Retirement System of Texas Has $139,000 Stake in Ashford Hospitality Trust Inc (AHT)

Teacher Retirement System of Texas reduced its holdings in shares of Ashford Hospitality Trust Inc (NYSE:AHT) by 35.5% in the 1st quarter, HoldingsChannel reports. The fund owned 21,559 shares of the real estate investment trust’s stock after selling 11,862 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ashford Hospitality Trust were worth $139,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AHT. Schwab Charles Investment Management Inc. lifted its holdings 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 last quarter. BlackRock Inc. raised its stake in 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 valued at $53,247,000 after acquiring an additional 123,176 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Ashford Hospitality Trust by 19.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 181,764 shares of the real estate investment trust’s stock valued at $1,223,000 after acquiring an additional 29,429 shares during the last quarter. Martingale Asset Management L P raised its stake in Ashford Hospitality Trust by 9.7% during the 4th quarter. Martingale Asset Management L P now owns 221,160 shares of the real estate investment trust’s stock valued at $1,489,000 after acquiring an additional 19,557 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Ashford Hospitality Trust by 18.0% during the 4th quarter. Geode Capital Management LLC now owns 944,359 shares of the real estate investment trust’s stock valued at $6,355,000 after acquiring an additional 144,329 shares during the last quarter. 72.35% of the stock is owned by institutional investors and hedge funds.

AHT opened at $7.90 on Friday. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 6.36. Ashford Hospitality Trust Inc has a 52 week low of $5.42 and a 52 week high of $7.99. The company has a market cap of $773.31 million, a price-to-earnings ratio of 5.77, a P/E/G ratio of 1.26 and a beta of 1.37.

Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, May 3rd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.39). Ashford Hospitality Trust had a negative return on equity of 10.19% and a negative net margin of 4.75%. The company had revenue of $342.21 million for the quarter, compared to analysts’ expectations of $349.42 million. equities research analysts expect 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. Shareholders of record on Friday, June 29th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Thursday, June 28th. Ashford Hospitality Trust’s payout ratio is 35.04%.

Several analysts have commented on the company. B. Riley set a $8.00 price objective on Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Monday, March 26th. Robert W. Baird upped their price objective on Ashford Hospitality Trust from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Cantor Fitzgerald set a $8.00 price objective on Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.80.

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.

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

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