Cutler Capital Management LLC increased its position in shares of Ashford Hospitality Trust Inc. (NYSE:AHT) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,000 shares of the real estate investment trust’s stock after buying an additional 10,500 shares during the period. Cutler Capital Management LLC’s holdings in Ashford Hospitality Trust were worth $1,031,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. raised its position in Ashford Hospitality Trust by 23.1% in the second quarter. Eqis Capital Management Inc. now owns 35,654 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 6,699 shares during the last quarter. Menta Capital LLC bought a new position in Ashford Hospitality Trust during the first quarter worth about $240,000. BTC Capital Management Inc. raised its position in Ashford Hospitality Trust by 3.2% in the first quarter. BTC Capital Management Inc. now owns 47,528 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 1,471 shares during the last quarter. Nisa Investment Advisors L.L.C. bought a new position in Ashford Hospitality Trust during the first quarter worth about $375,000. Finally, Metropolitan Life Insurance Co. NY raised its position in Ashford Hospitality Trust by 1.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 62,867 shares of the real estate investment trust’s stock worth $401,000 after buying an additional 612 shares during the last quarter. 70.47% of the stock is currently owned by institutional investors and hedge funds.
Ashford Hospitality Trust Inc. (NYSE:AHT) traded down 2.41% during mid-day trading on Monday, hitting $6.07. The company had a trading volume of 450,466 shares. Ashford Hospitality Trust Inc. has a 52-week low of $4.15 and a 52-week high of $7.51. The stock’s 50 day moving average price is $6.54 and its 200 day moving average price is $5.84. The firm’s market cap is $583.79 million.
Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.06. Ashford Hospitality Trust had a negative net margin of 1.17% and a negative return on equity of 2.16%. The company earned $410.70 million during the quarter, compared to analysts’ expectations of $406.30 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. On average, equities research analysts predict that Ashford Hospitality Trust Inc. will post $1.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.91%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -85.71%.
A number of research firms have recently issued reports on AHT. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Credit Suisse Group AG lowered Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $6.00 to $5.00 in a report on Thursday, July 21st. Deutsche Bank AG reissued a “buy” rating on shares of Ashford Hospitality Trust in a report on Sunday, June 26th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Ashford Hospitality Trust in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.72.
In other Ashford Hospitality Trust news, Director Alan Tallis acquired 4,174 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was bought at an average price of $25.04 per share, with a total value of $104,516.96. Following the purchase, the director now owns 249,586 shares of the company’s stock, valued at $6,249,633.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.90% of the stock is currently owned by insiders.
About Ashford Hospitality Trust
Ashford Hospitality Trust, Inc (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States.
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