Princeton Portfolio Strategies Group LLC acquired a new position in shares of Ashford Hospitality Trust Inc (NYSE:AHT) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,000 shares of the real estate investment trust’s stock, valued at approximately $127,000.
A number of other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Ashford Hospitality Trust during the fourth quarter worth $7,308,000. Teachers Advisors LLC increased its stake in shares of Ashford Hospitality Trust by 587.9% in the fourth quarter. Teachers Advisors LLC now owns 982,372 shares of the real estate investment trust’s stock valued at $7,623,000 after buying an additional 839,558 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Ashford Hospitality Trust by 420.5% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 518,402 shares of the real estate investment trust’s stock valued at $3,301,000 after buying an additional 418,802 shares during the period. Renaissance Technologies LLC increased its stake in shares of Ashford Hospitality Trust by 26.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,853,300 shares of the real estate investment trust’s stock valued at $14,382,000 after buying an additional 385,300 shares during the last quarter. Finally, James Investment Research Inc. increased its stake in shares of Ashford Hospitality Trust by 168.4% in the first quarter. James Investment Research Inc. now owns 592,151 shares of the real estate investment trust’s stock valued at $3,772,000 after buying an additional 371,551 shares during the last quarter. Hedge funds and other institutional investors own 72.41% of the company’s stock.
Ashford Hospitality Trust Inc (AHT) traded down 1.07% during trading on Tuesday, reaching $6.50. The company’s stock had a trading volume of 223,254 shares. The company’s market cap is $633.35 million. The stock’s 50-day moving average is $6.30 and its 200 day moving average is $6.86. Ashford Hospitality Trust Inc has a 12 month low of $4.98 and a 12 month high of $8.23.
Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, May 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. Ashford Hospitality Trust had a negative net margin of 3.96% and a negative return on equity of 7.58%. The firm had revenue of $353.70 million during the quarter, compared to the consensus estimate of $350.47 million. During the same period in the prior year, the firm earned $0.36 EPS. The company’s revenue was down 3.8% compared to the same quarter last year. On average, equities analysts forecast that Ashford Hospitality Trust Inc will post ($0.96) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th 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 7.31%. The ex-dividend date of this dividend is Wednesday, June 28th. Ashford Hospitality Trust’s payout ratio is currently -43.64%.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thestockobserver.com/2017/06/20/princeton-portfolio-strategies-group-llc-takes-position-in-ashford-hospitality-trust-inc-aht-updated-updated.html.
A number of analysts have recently commented on AHT shares. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 22nd. Cantor Fitzgerald reissued an “outperform” rating and set a $8.00 price objective on shares of Ashford Hospitality Trust in a research report on Tuesday, February 28th. DA Davidson initiated coverage on Ashford Hospitality Trust in a research report on Wednesday, March 22nd. They issued a “buy” rating and a $8.00 price target for the company. FBR & Co upgraded Ashford Hospitality Trust from a “market perform” rating to an “outperform” rating and set a $8.00 price target on the stock in a research note on Monday, February 27th. Finally, Canaccord Genuity restated a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a research note on Monday, May 8th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $7.18.
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.
Receive News & Ratings for Ashford Hospitality Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust Inc and related companies with MarketBeat.com's FREE daily email newsletter.