Schwab Charles Investment Management Inc. Purchases 161,498 Shares of Ashford Hospitality Trust, Inc. (AHT)

Schwab Charles Investment Management Inc. boosted its position in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 12.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,463,004 shares of the real estate investment trust’s stock after purchasing an additional 161,498 shares during the quarter. Schwab Charles Investment Management Inc. owned about 1.50% of Ashford Hospitality Trust worth $9,759,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of Ashford Hospitality Trust by 0.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 170,329 shares of the real estate investment trust’s stock valued at $1,036,000 after acquiring an additional 674 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Ashford Hospitality Trust by 2.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 44,198 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 1,258 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Ashford Hospitality Trust by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 66,243 shares of the real estate investment trust’s stock valued at $403,000 after acquiring an additional 4,434 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Ashford Hospitality Trust by 13.4% in the 2nd quarter. Voya Investment Management LLC now owns 39,960 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 4,716 shares during the last quarter. Finally, WFG Advisors LP grew its position in shares of Ashford Hospitality Trust by 20.1% in the 2nd 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. 71.01% of the stock is owned by hedge funds and other institutional investors.

AHT has been the subject of several research analyst reports. Zacks Investment Research lowered Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Cantor Fitzgerald reiterated a “buy” rating and issued a $7.50 price objective on shares of Ashford Hospitality Trust in a research report on Tuesday, October 3rd. Robert W. Baird reiterated a “hold” rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. ValuEngine upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $7.42.

Ashford Hospitality Trust, Inc. (NYSE:AHT) opened at $6.73 on Friday. Ashford Hospitality Trust, Inc. has a 12-month low of $5.68 and a 12-month high of $8.23. 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 capitalization of $655.61, a P/E ratio of 5.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.49.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The firm had revenue of $353.33 million for the quarter, compared to analyst estimates of $360.10 million. During the same period last year, the company earned $0.40 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. sell-side analysts expect that Ashford Hospitality Trust, Inc. will post 1.37 earnings per share for the current year.

Ashford Hospitality Trust announced that its Board of Directors has initiated a share repurchase program on Monday, December 11th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders 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 7.13%. The ex-dividend date is Thursday, December 28th. Ashford Hospitality Trust’s dividend payout ratio is currently -35.04%.

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About Ashford Hospitality Trust

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

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