Los Angeles Capital Management & Equity Research Inc. lowered its position in shares of Ashford Hospitality Trust Inc. (NYSE:AHT) by 7.2% during the second quarter, Holdings Channel reports. The fund owned 45,949 shares of the real estate investment trust’s stock after selling 3,560 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Ashford Hospitality Trust were worth $247,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Springhouse Capital Management LP bought a new stake in shares of Ashford Hospitality Trust during the second quarter worth $107,000. Eqis Capital Management Inc. raised its stake in shares of 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. First Trust Advisors LP raised its stake in shares of 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 worth $207,000 after buying an additional 6,462 shares during the last quarter. Menta Capital LLC bought a new stake in shares of Ashford Hospitality Trust during the first quarter worth $240,000. Finally, Goodwin Daniel L raised its stake in shares of Ashford Hospitality Trust by 33.2% in the second quarter. Goodwin Daniel L now owns 46,523 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 11,600 shares during the last quarter. Institutional investors own 70.47% of the company’s stock.
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) traded up 0.34% on Friday, hitting $5.94. 415,236 shares of the stock were exchanged. The company’s 50 day moving average is $6.48 and its 200-day moving average is $5.85. Ashford Hospitality Trust Inc. has a 52-week low of $4.15 and a 52-week high of $7.51. The stock’s market cap is $571.29 million.
Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 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 had revenue of $410.70 million for the quarter, compared to analysts’ expectations of $406.30 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. Ashford Hospitality Trust’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts predict that Ashford Hospitality Trust Inc. will post $1.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a $0.12 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.48 dividend on an annualized basis and a yield of 8.11%. Ashford Hospitality Trust’s payout ratio is currently -85.71%.
A number of brokerages recently weighed in on AHT. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Credit Suisse Group AG downgraded shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and cut their target price for the company from $6.00 to $5.00 in a research report on Thursday, July 21st. Deutsche Bank AG reissued a “buy” rating on shares of Ashford Hospitality Trust in a research report on Sunday, June 26th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Ashford Hospitality Trust in a research report on Monday, August 8th. One equities 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 stock presently has an average rating of “Hold” and a consensus price target of $6.72.
In related news, Director Alan Tallis bought 4,174 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 249,586 shares of the company’s stock, valued at approximately $6,249,633.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 16.90% of the stock is currently owned by company 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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