Ashford Hospitality Trust, Inc. (AHT) Holdings Reduced by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can cut its position in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 24.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,202 shares of the real estate investment trust’s stock after selling 16,842 shares during the period. Great West Life Assurance Co. Can owned 0.05% of Ashford Hospitality Trust worth $357,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of Ashford Hospitality Trust by 80.5% during the third quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 9,060 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Ashford Hospitality Trust during the second quarter worth approximately $148,000. WFG Advisors LP lifted its position in shares of Ashford Hospitality Trust by 20.1% during the second quarter. WFG Advisors LP now owns 31,230 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 5,230 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of Ashford Hospitality Trust during the second quarter worth approximately $194,000. Finally, Voya Investment Management LLC lifted its position in shares of Ashford Hospitality Trust by 13.4% during the second quarter. Voya Investment Management LLC now owns 39,960 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 4,716 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Shares of Ashford Hospitality Trust, Inc. (NYSE AHT) opened at $6.76 on Tuesday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.94 and a current ratio of 3.94. The firm has a market cap of $658.53, a P/E ratio of -4.93, a P/E/G ratio of 0.98 and a beta of 1.49. Ashford Hospitality Trust, Inc. has a 12 month low of $5.68 and a 12 month high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). The business had revenue of $353.33 million for the quarter, compared to the consensus estimate of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. analysts predict that Ashford Hospitality Trust, Inc. will post 1.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend is Thursday, December 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -35.04%.

Ashford Hospitality Trust announced that its board has authorized a share buyback program on Monday, December 11th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

A number of equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird reiterated a “hold” rating and set a $7.00 target price on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $7.50 target price on shares of Ashford Hospitality Trust in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Ashford Hospitality Trust currently has an average rating of “Hold” and an average price target of $7.42.

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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.

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

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