First Trust Advisors LP increased its position in shares of Ashford Hospitality Trust Inc. (NYSE:AHT) by 20.1% during the second quarter, Holdings Channel reports. The institutional investor owned 38,632 shares of the real estate investment trust’s stock after buying an additional 6,462 shares during the period. First Trust Advisors LP’s holdings in Ashford Hospitality Trust were worth $207,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of AHT. Eqis Capital Management Inc. raised its position in shares of Ashford Hospitality Trust by 23.1% in the second quarter. Eqis Capital Management Inc. now owns 35,654 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 6,699 shares in the last quarter. Menta Capital LLC bought a new position in shares of Ashford Hospitality Trust during the first quarter worth approximately $240,000. Goodwin Daniel L raised its position in shares of Ashford Hospitality Trust by 33.2% in the second quarter. Goodwin Daniel L now owns 46,523 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 11,600 shares in the last quarter. Nisa Investment Advisors L.L.C. bought a new position in shares of Ashford Hospitality Trust during the first quarter worth approximately $375,000. Finally, GSA Capital Partners LLP raised its position in shares of Ashford Hospitality Trust by 46.2% in the second quarter. GSA Capital Partners LLP now owns 79,100 shares of the real estate investment trust’s stock worth $425,000 after buying an additional 25,000 shares in the last quarter. 70.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) traded up 2.49% during mid-day trading on Tuesday, hitting $6.18. The company’s stock had a trading volume of 75,921 shares. Ashford Hospitality Trust Inc. has a 1-year low of $4.15 and a 1-year high of $7.51. The company has a 50-day moving average of $6.16 and a 200 day moving average of $5.85. The company’s market cap is $594.37 million.
Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. Ashford Hospitality Trust had a negative return on equity of 2.16% and a negative net margin of 1.17%. The business had revenue of $410.70 million for the quarter, compared to analyst estimates of $406.30 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. Ashford Hospitality Trust’s revenue was up 11.2% on a year-over-year basis. On average, analysts expect that Ashford Hospitality Trust Inc. will post $1.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date was Wednesday, September 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently -85.71%.
A number of brokerages have recently commented on AHT. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Credit Suisse Group AG lowered Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $6.00 to $5.00 in a report on Thursday, July 21st. Deutsche Bank AG reissued a “buy” rating on shares of Ashford Hospitality Trust in a report on Sunday, June 26th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Ashford Hospitality Trust in a report on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Ashford Hospitality Trust presently has a consensus rating of “Hold” and an average price target of $6.72.
In other Ashford Hospitality Trust news, Director Alan Tallis purchased 4,174 shares of the stock in a transaction on Tuesday, August 9th. The shares were purchased at an average price of $25.04 per share, with a total value of $104,516.96. Following the completion of the transaction, the director now directly owns 249,586 shares in the company, valued at $6,249,633.44. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 16.90% of the company’s stock.
About Ashford Hospitality Trust
Ashford Hospitality Trust, Inc (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States.
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