IndexIQ Advisors LLC lowered its position in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 384,716 shares of the real estate investment trust’s stock after selling 17,758 shares during the quarter. IndexIQ Advisors LLC’s holdings in Ashford Hospitality Trust were worth $1,827,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in AHT. Norges Bank bought a new position in Ashford Hospitality Trust in the fourth quarter worth approximately $5,869,000. BlackRock Inc. grew its stake in Ashford Hospitality Trust by 6.4% in the fourth quarter. BlackRock Inc. now owns 9,006,331 shares of the real estate investment trust’s stock worth $36,026,000 after purchasing an additional 544,053 shares in the last quarter. Millennium Management LLC grew its stake in Ashford Hospitality Trust by 72.4% in the fourth quarter. Millennium Management LLC now owns 890,242 shares of the real estate investment trust’s stock worth $3,561,000 after purchasing an additional 373,716 shares in the last quarter. Nordea Investment Management AB grew its stake in Ashford Hospitality Trust by 101.9% in the fourth quarter. Nordea Investment Management AB now owns 732,605 shares of the real estate investment trust’s stock worth $2,930,000 after purchasing an additional 369,805 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its holdings in Ashford Hospitality Trust by 90.0% during the fourth quarter. ClariVest Asset Management LLC now owns 762,880 shares of the real estate investment trust’s stock worth $3,051,000 after buying an additional 361,360 shares during the period. 71.34% of the stock is currently owned by institutional investors.
Shares of AHT opened at $5.27 on Thursday. Ashford Hospitality Trust, Inc. has a 12 month low of $3.85 and a 12 month high of $8.66. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 11.28. The firm has a market cap of $538.29 million, a PE ratio of 4.18, a price-to-earnings-growth ratio of 0.94 and a beta of 1.70.
Several analysts have recently commented on the company. ValuEngine upgraded Ashford Hospitality Trust from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. Zacks Investment Research lowered Ashford Hospitality Trust from a “strong-buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Ashford Hospitality Trust currently has a consensus rating of “Hold” and a consensus target price of $7.67.
About Ashford Hospitality Trust
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
Further Reading: Fundamental Analysis – How It Helps Investors
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