Global X Management Co. LLC increased its position in shares of Ashford Hospitality Trust Inc (NYSE:AHT) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 1,201,780 shares of the real estate investment trust’s stock after buying an additional 54,610 shares during the period. Global X Management Co. LLC’s holdings in Ashford Hospitality Trust were worth $7,307,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its position in Ashford Hospitality Trust by 43.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,942 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 5,442 shares during the period. Utah Retirement Systems increased its position in Ashford Hospitality Trust by 38.8% in the first quarter. Utah Retirement Systems now owns 17,900 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 5,000 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Ashford Hospitality Trust during the second quarter worth about $116,000. Princeton Portfolio Strategies Group LLC bought a new position in Ashford Hospitality Trust during the first quarter worth about $127,000. Finally, Thrivent Financial for Lutherans increased its position in Ashford Hospitality Trust by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,028 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 72.09% of the company’s stock.
Ashford Hospitality Trust Inc (AHT) opened at 5.99 on Friday. The stock’s market cap is $583.61 million. Ashford Hospitality Trust Inc has a 52 week low of $5.35 and a 52 week high of $8.23. The stock has a 50 day moving average price of $6.20 and a 200-day moving average price of $6.50.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly 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 firm had revenue of $390.70 million for the quarter, compared to analysts’ expectations of $399.01 million. During the same quarter in the previous year, the company earned $0.60 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Ashford Hospitality Trust Inc will post ($1.00) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date was Wednesday, June 28th. Ashford Hospitality Trust’s payout ratio is -35.82%.
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A number of research firms have issued reports on AHT. Canaccord Genuity reiterated a “hold” rating on shares of Ashford Hospitality Trust in a research note on Friday, May 19th. ValuEngine downgraded Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. BidaskClub downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cantor Fitzgerald cut their target price on Ashford Hospitality Trust from $8.00 to $7.50 and set a “buy” rating on the stock in a research note on Friday. Finally, Zacks Investment Research downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Ashford Hospitality Trust has a consensus rating of “Hold” and a consensus target price of $7.46.
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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