Renaissance Technologies LLC raised its holdings in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 29.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,575,500 shares of the real estate investment trust’s stock after purchasing an additional 811,400 shares during the period. Renaissance Technologies LLC owned 3.67% of Ashford Hospitality Trust worth $24,063,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in AHT. Barnett & Company Inc. bought a new stake in shares of Ashford Hospitality Trust during the fourth quarter valued at approximately $132,000. SG Americas Securities LLC increased its position in shares of Ashford Hospitality Trust by 80.5% during the third quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 9,060 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Ashford Hospitality Trust during the third quarter valued at approximately $156,000. Teacher Retirement System of Texas bought a new stake in shares of Ashford Hospitality Trust during the fourth quarter valued at approximately $225,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Ashford Hospitality Trust by 7.2% during the second 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 in the last quarter. 74.63% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the stock. Deutsche Bank reduced their price target on shares of Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, February 9th. B. Riley set a $8.00 price target on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Cantor Fitzgerald set a $8.00 price target on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research report on Monday, March 5th. Finally, ValuEngine downgraded shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Ashford Hospitality Trust currently has a consensus rating of “Hold” and a consensus target price of $7.57.
Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, March 1st. The real estate investment trust reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.71). Ashford Hospitality Trust had a negative return on equity of 9.01% and a negative net margin of 4.44%. The company had revenue of $341.57 million during the quarter, compared to the consensus estimate of $334.44 million. equities analysts expect that Ashford Hospitality Trust, Inc. will post 1.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend is Wednesday, March 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently -38.10%.
Ashford Hospitality Trust announced that its board has approved a share repurchase program on Monday, December 11th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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Ashford Hospitality Trust 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.
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