Panagora Asset Management Inc. Raises Stake in Ashford Hospitality Trust, Inc. (NYSE:AHT)

Panagora Asset Management Inc. grew its stake in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 44.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,086 shares of the real estate investment trust’s stock after purchasing an additional 22,429 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.07% of Ashford Hospitality Trust worth $217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SRS Capital Advisors Inc. purchased a new stake in shares of Ashford Hospitality Trust during the second quarter valued at $31,000. Alpine Global Management LLC purchased a new stake in shares of Ashford Hospitality Trust during the second quarter valued at $34,000. RB Capital Management LLC purchased a new stake in shares of Ashford Hospitality Trust during the first quarter valued at $63,000. BNP Paribas Arbitrage SA boosted its stake in shares of Ashford Hospitality Trust by 33.9% during the first quarter. BNP Paribas Arbitrage SA now owns 25,720 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 6,513 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in shares of Ashford Hospitality Trust by 43.9% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 26,364 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 8,038 shares during the period. 64.63% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of Ashford Hospitality Trust from a “sell” rating to a “strong sell” rating in a research note on Friday, June 14th. Robert W. Baird set a $5.00 price objective on shares of Ashford Hospitality Trust and gave the stock a “hold” rating in a research note on Monday, June 17th. Deutsche Bank reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Ashford Hospitality Trust in a research note on Wednesday, August 14th. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Ashford Hospitality Trust in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.50.

In other news, insider Mark Nunneley purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $2.38 per share, with a total value of $95,200.00. Following the completion of the transaction, the insider now owns 501,867 shares in the company, valued at approximately $1,194,443.46. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin J. Md Ansell purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were purchased at an average cost of $3.36 per share, with a total value of $67,200.00. Following the completion of the transaction, the director now owns 104,405 shares of the company’s stock, valued at approximately $350,800.80. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 85,000 shares of company stock valued at $234,900. Insiders own 11.60% of the company’s stock.

NYSE:AHT traded down $0.10 during mid-day trading on Friday, reaching $3.12. The company’s stock had a trading volume of 824,579 shares, compared to its average volume of 1,162,299. Ashford Hospitality Trust, Inc. has a 1 year low of $2.33 and a 1 year high of $6.56. The stock has a fifty day moving average of $2.78 and a 200-day moving average of $4.00. The firm has a market capitalization of $318.65 million, a PE ratio of 2.48 and a beta of 1.38. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 11.41.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.71). Ashford Hospitality Trust had a negative return on equity of 32.31% and a negative net margin of 9.28%. The business had revenue of $415.15 million during the quarter, compared to analysts’ expectations of $409.14 million. On average, analysts expect that Ashford Hospitality Trust, Inc. will post 1.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 7.69%. The ex-dividend date is Friday, September 27th. Ashford Hospitality Trust’s payout ratio is 19.05%.

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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