Teachers Advisors LLC Reduces Position in Ashford Hospitality Trust Inc (AHT)
Teachers Advisors LLC reduced its position in shares of Ashford Hospitality Trust Inc (NYSE:AHT) by 31.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,496 shares of the real estate investment trust’s stock after selling 65,670 shares during the period. Teachers Advisors LLC owned approximately 0.15% of Ashford Hospitality Trust worth $866,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in AHT. Vanguard Group Inc. lifted its holdings in Ashford Hospitality Trust by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock worth $104,909,000 after purchasing an additional 1,121,239 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Ashford Hospitality Trust by 30.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,301,506 shares of the real estate investment trust’s stock valued at $7,914,000 after acquiring an additional 302,950 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Ashford Hospitality Trust by 15.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,135,900 shares of the real estate investment trust’s stock valued at $13,606,000 after acquiring an additional 282,600 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Ashford Hospitality Trust by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 402,558 shares of the real estate investment trust’s stock valued at $2,565,000 after acquiring an additional 210,619 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in Ashford Hospitality Trust by 60.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 548,216 shares of the real estate investment trust’s stock valued at $3,333,000 after acquiring an additional 206,068 shares in the last quarter. 70.33% of the stock is owned by institutional investors and hedge funds.
Shares of Ashford Hospitality Trust Inc (AHT) opened at $6.31 on Friday. Ashford Hospitality Trust Inc has a 52-week low of $5.35 and a 52-week high of $8.23. The company has a debt-to-equity ratio of 4.94, a quick ratio of 4.37 and a current ratio of 4.37. The company has a market capitalization of $614.78, a PE ratio of 4.85, a P/E/G ratio of 0.91 and a beta of 1.53.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Ashford Hospitality Trust had a negative net margin of 5.61% and a negative return on equity of 10.56%. The business had revenue of $353.33 million for the quarter, compared to the consensus estimate of $360.10 million. During the same quarter in the previous year, the company earned $0.40 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. research analysts forecast that Ashford Hospitality Trust Inc will post 1.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date was Thursday, September 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is currently -35.04%.
A number of equities analysts have recently commented on the company. Zacks Investment Research cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine cut Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. BidaskClub cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Ashford Hospitality Trust presently has an average rating of “Hold” and a consensus price target of $7.50.
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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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