Ashford Hospitality Trust, Inc. (NYSE:AHT) Shares Bought by GWM Advisors LLC

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GWM Advisors LLC raised its position in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 18.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,929 shares of the real estate investment trust’s stock after acquiring an additional 60,000 shares during the quarter. GWM Advisors LLC owned approximately 0.37% of Ashford Hospitality Trust worth $1,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alpine Global Management LLC acquired a new position in shares of Ashford Hospitality Trust during the second quarter worth about $34,000. RB Capital Management LLC acquired a new position in shares of Ashford Hospitality Trust during the first quarter worth about $63,000. Nisa Investment Advisors LLC acquired a new position in shares of Ashford Hospitality Trust during the first quarter worth about $70,000. State of Alaska Department of Revenue grew its position in shares of Ashford Hospitality Trust by 21.6% during the second quarter. State of Alaska Department of Revenue now owns 34,752 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 6,183 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of Ashford Hospitality Trust by 33.9% during the first quarter. BNP Paribas Arbitrage SA now owns 25,720 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 6,513 shares in the last quarter. 68.41% of the stock is owned by institutional investors.

AHT stock opened at $2.78 on Wednesday. The business has a 50 day moving average price of $2.69 and a 200 day moving average price of $4.29. The stock has a market cap of $279.84 million, a price-to-earnings ratio of 2.21 and a beta of 1.40. Ashford Hospitality Trust, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $6.63. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 11.41.

Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.71). The business had revenue of $415.15 million for the quarter, compared to analysts’ expectations of $409.14 million. Ashford Hospitality Trust had a negative return on equity of 32.31% and a negative net margin of 9.28%. As a group, sell-side analysts anticipate that Ashford Hospitality Trust, Inc. will post 1.09 EPS for the current year.

In other news, Director Benjamin J. Md Ansell acquired 25,000 shares of Ashford Hospitality Trust stock in a transaction on Tuesday, June 25th. The stock was bought at an average price of $2.90 per share, for a total transaction of $72,500.00. Following the completion of the purchase, the director now owns 104,405 shares in the company, valued at $302,774.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin J. Md Ansell acquired 20,000 shares of Ashford Hospitality Trust stock in a transaction on Tuesday, June 18th. The stock was purchased at an average price of $3.36 per share, with a total value of $67,200.00. Following the purchase, the director now owns 104,405 shares of the company’s stock, valued at approximately $350,800.80. The disclosure for this purchase can be found here. 11.60% of the stock is owned by insiders.

A number of equities analysts have recently commented on AHT shares. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Deutsche Bank reissued a “buy” rating and set a $5.00 price objective on shares of Ashford Hospitality Trust in a research report on Wednesday, August 14th. Robert W. Baird set a $5.00 price objective on Ashford Hospitality Trust and gave the stock a “hold” rating in a research report on Monday, June 17th. DA Davidson reissued a “neutral” rating on shares of Ashford Hospitality Trust in a research report on Monday, July 29th. Finally, ValuEngine downgraded Ashford Hospitality Trust from a “sell” rating to a “strong sell” rating in a research report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.50.

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.

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Institutional Ownership by Quarter for Ashford Hospitality Trust (NYSE:AHT)

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