Short Interest in Ashford Hospitality Trust, Inc. (NYSE:AHT) Increases By 10.6%

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,190,000 shares, an increase of 10.6% from the August 15th total of 1,980,000 shares. Approximately 6.4% of the shares of the company are short sold. Based on an average daily volume of 566,800 shares, the days-to-cover ratio is presently 3.9 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Ashford Hospitality Trust to a “sell” rating in a research note on Wednesday, August 2nd.

Ashford Hospitality Trust Price Performance

Ashford Hospitality Trust stock traded down $0.10 during trading hours on Monday, reaching $2.78. The company had a trading volume of 312,952 shares, compared to its average volume of 589,964. The company has a 50-day moving average price of $3.26 and a 200 day moving average price of $3.55. The firm has a market cap of $95.71 million, a price-to-earnings ratio of -0.53 and a beta of 2.29. Ashford Hospitality Trust has a 12-month low of $2.58 and a 12-month high of $9.00.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.29). The firm had revenue of $375.75 million during the quarter, compared to analysts’ expectations of $361.41 million. During the same quarter in the prior year, the company posted $1.23 EPS. As a group, research analysts expect that Ashford Hospitality Trust will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On Ashford Hospitality Trust

Several hedge funds have recently made changes to their positions in AHT. Allspring Global Investments Holdings LLC boosted its holdings in Ashford Hospitality Trust by 355.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,987 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 7,792 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Ashford Hospitality Trust in the second quarter worth $33,000. Ameriprise Financial Inc. bought a new stake in Ashford Hospitality Trust in the first quarter worth $35,000. Two Sigma Investments LP bought a new stake in Ashford Hospitality Trust in the first quarter worth $35,000. Finally, Wells Fargo & Company MN boosted its holdings in Ashford Hospitality Trust by 4,580.4% in the fourth quarter. Wells Fargo & Company MN now owns 9,080 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 8,886 shares in the last quarter. 32.04% of the stock is currently owned by institutional investors.

About Ashford Hospitality Trust

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.