Nationwide Fund Advisors lifted its stake in Ashford Hospitality Trust Inc (NYSE:AHT) by 14.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 545,012 shares of the real estate investment trust’s stock after buying an additional 68,566 shares during the period. Nationwide Fund Advisors owned about 0.56% of Ashford Hospitality Trust worth $3,314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Utah Retirement Systems lifted its stake in shares of Ashford Hospitality Trust by 38.8% in the first quarter. Utah Retirement Systems now owns 17,900 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,000 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Ashford Hospitality Trust by 43.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,942 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,442 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Ashford Hospitality Trust in the second quarter valued at about $116,000. Eqis Capital Management Inc. lifted its stake in shares of Ashford Hospitality Trust by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 1,481 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Ashford Hospitality Trust by 2.7% in the first quarter. BNP Paribas Arbitrage SA now owns 42,940 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 1,121 shares during the period. Institutional investors and hedge funds own 70.24% of the company’s stock.

Ashford Hospitality Trust Inc (AHT) opened at 6.91 on Wednesday. The company’s market cap is $673.24 million. The stock has a 50 day moving average of $6.44 and a 200-day moving average of $6.30. Ashford Hospitality Trust Inc has a 1-year low of $5.35 and a 1-year high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. The firm had revenue of $390.70 million for the quarter, compared to the consensus estimate of $399.01 million. During the same period last year, the company posted $0.60 EPS. The business’s revenue was down 4.9% on a year-over-year basis. On average, equities research analysts predict that Ashford Hospitality Trust Inc will post ($1.10) earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date of this dividend is Thursday, September 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently -35.82%.

Several research firms recently weighed in on AHT. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Tuesday. Cantor Fitzgerald reiterated a “buy” rating and issued a $7.50 target price on shares of Ashford Hospitality Trust in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. BidaskClub cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Canaccord Genuity restated a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a research note on Monday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.50.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/ashford-hospitality-trust-inc-aht-shares-bought-by-nationwide-fund-advisors/1622842.html.

Ashford Hospitality Trust Company 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.

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

Receive News & Ratings for Ashford Hospitality Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.