RMR Advisors LLC boosted its stake in Ashford Hospitality Trust Inc (NYSE:AHT) by 76.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,000 shares of the real estate investment trust’s stock after purchasing an additional 80,000 shares during the period. RMR Advisors LLC owned about 0.19% of Ashford Hospitality Trust worth $1,234,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AHT. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Ashford Hospitality Trust in the second quarter valued at $116,000. Verition Fund Management LLC acquired a new stake in Ashford Hospitality Trust in the second quarter valued at $148,000. Eqis Capital Management Inc. increased its holdings in Ashford Hospitality Trust by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 1,481 shares during the period. WFG Advisors LP increased its holdings in Ashford Hospitality Trust by 20.1% in the second quarter. WFG Advisors LP now owns 31,230 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 5,230 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new stake in Ashford Hospitality Trust in the second quarter valued at $194,000. Institutional investors and hedge funds own 70.33% of the company’s stock.
AHT has been the subject of a number of recent analyst reports. ValuEngine downgraded Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Cantor Fitzgerald reiterated a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a report on Thursday, September 14th. Zacks Investment Research upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Tuesday, October 10th. Finally, BidaskClub downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $7.50.
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Ashford Hospitality Trust Inc (NYSE AHT) traded up 1.74% during trading on Tuesday, hitting $7.02. 112,531 shares of the stock were exchanged. The stock has a 50 day moving average of $6.75 and a 200-day moving average of $6.38. Ashford Hospitality Trust Inc has a 52 week low of $5.35 and a 52 week high of $8.23. The stock’s market cap is $683.96 million.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The business had revenue of $390.70 million for the quarter, compared to analysts’ expectations of $399.01 million. During the same period in the prior year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. Equities analysts expect that Ashford Hospitality Trust Inc will post ($1.10) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.48 dividend on an annualized basis and a yield of 6.96%. Ashford Hospitality Trust’s dividend payout ratio is currently -35.82%.
Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.
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