Systematic Financial Management LP increased its stake in Ashford Hospitality Trust Inc. (NYSE:AHT) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 282,515 shares of the real estate investment trust’s stock after buying an additional 3,775 shares during the period. Systematic Financial Management LP owned 0.30% of Ashford Hospitality Trust worth $1,517,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its position in Ashford Hospitality Trust by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 19,500 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 11,700 shares during the period. Springhouse Capital Management LP bought a new position in Ashford Hospitality Trust during the second quarter valued at $107,000. Eqis Capital Management Inc. boosted 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 valued at $191,000 after buying an additional 6,699 shares during the period. Menta Capital LLC bought a new position in Ashford Hospitality Trust during the first quarter valued at $240,000. Finally, First Trust Advisors LP boosted its position in Ashford Hospitality Trust by 20.1% in the second quarter. First Trust Advisors LP now owns 38,632 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 6,462 shares during the period. Institutional investors own 70.47% of the company’s stock.
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) opened at 6.22 on Friday. Ashford Hospitality Trust Inc. has a 1-year low of $4.15 and a 1-year high of $7.51. The stock’s market cap is $598.21 million. The stock’s 50 day moving average price is $6.54 and its 200-day moving average price is $5.84.
Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $410.70 million for the quarter, compared to the consensus estimate of $406.30 million. Ashford Hospitality Trust had a negative return on equity of 2.16% and a negative net margin of 1.17%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. On average, equities research analysts forecast that Ashford Hospitality Trust Inc. will post $1.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.72%. The ex-dividend date is Wednesday, September 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently -85.71%.
Several research analysts recently weighed in on the stock. Deutsche Bank AG restated a “buy” rating on shares of Ashford Hospitality Trust in a research report on Sunday, June 26th. Canaccord Genuity reaffirmed a “hold” rating on shares of Ashford Hospitality Trust in a research note on Monday, August 8th. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, Credit Suisse Group AG lowered Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $6.00 to $5.00 in a research note on Thursday, July 21st. One investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $6.72.
In other Ashford Hospitality Trust news, Director Alan Tallis bought 4,174 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.90% of the company’s stock.
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.
Want to see what other hedge funds are holding AHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ashford Hospitality Trust Inc. (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 MarketBeat.com's FREE daily email newsletter.