Nissay Asset Management Corp Japan ADV increased its position in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 89.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,169 shares of the real estate investment trust’s stock after buying an additional 10,491 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Ashford Hospitality Trust were worth $142,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. raised its stake in Ashford Hospitality Trust by 100.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 60,714 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 30,357 shares during the period. Foundry Partners LLC raised its stake in Ashford Hospitality Trust by 2.5% during the 3rd quarter. Foundry Partners LLC now owns 1,288,345 shares of the real estate investment trust’s stock worth $8,233,000 after buying an additional 31,097 shares during the period. Bank of Montreal Can raised its stake in Ashford Hospitality Trust by 33.9% during the 3rd quarter. Bank of Montreal Can now owns 138,442 shares of the real estate investment trust’s stock worth $885,000 after buying an additional 35,069 shares during the period. State of Alaska Department of Revenue acquired a new position in Ashford Hospitality Trust during the 3rd quarter worth approximately $173,000. Finally, United Services Automobile Association raised its stake in Ashford Hospitality Trust by 160.2% during the 2nd quarter. United Services Automobile Association now owns 242,203 shares of the real estate investment trust’s stock worth $1,962,000 after buying an additional 149,118 shares during the period. 73.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of AHT opened at $5.34 on Tuesday. The company has a debt-to-equity ratio of 7.71, a current ratio of 4.44 and a quick ratio of 4.44. The company has a market cap of $512.78 million, a price-to-earnings ratio of 4.19, a P/E/G ratio of 1.07 and a beta of 1.36. Ashford Hospitality Trust, Inc. has a 52 week low of $5.00 and a 52 week high of $8.66.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.65). The company had revenue of $355.93 million for the quarter, compared to the consensus estimate of $359.93 million. Ashford Hospitality Trust had a negative return on equity of 17.72% and a negative net margin of 7.15%. Analysts expect that Ashford Hospitality Trust, Inc. will post 0.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 8.99%. The ex-dividend date of this dividend was Thursday, September 27th. Ashford Hospitality Trust’s dividend payout ratio is currently 35.04%.
A number of research analysts recently weighed in on the company. ValuEngine downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. B. Riley upped their price target on Ashford Hospitality Trust from $7.50 to $8.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Zacks Investment Research downgraded Ashford Hospitality Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Ashford Hospitality Trust currently has a consensus rating of “Hold” and a consensus target price of $7.80.
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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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