Prudential Financial Inc. increased its position in Ashford Hospitality Trust Inc. (NYSE:AHT) by 5.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,491,897 shares of the real estate investment trust’s stock after buying an additional 131,300 shares during the period. Prudential Financial Inc. owned 2.64% of Ashford Hospitality Trust worth $13,382,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its position in shares of 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 worth $105,000 after buying an additional 11,700 shares in the last quarter. Springhouse Capital Management LP bought a new position in shares of Ashford Hospitality Trust during the second quarter worth approximately $107,000. Eqis Capital Management Inc. boosted its position 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 in the last quarter. First Trust Advisors LP boosted its position 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 in the last quarter. Finally, Menta Capital LLC bought a new position in shares of Ashford Hospitality Trust during the first quarter worth approximately $240,000. 70.47% of the stock is currently owned by institutional investors.
Ashford Hospitality Trust Inc. (NYSE:AHT) opened at 5.89 on Friday. The stock’s 50 day moving average price is $6.46 and its 200-day moving average price is $5.85. Ashford Hospitality Trust Inc. has a 12 month low of $4.15 and a 12 month high of $7.51. The stock’s market cap is $566.48 million.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 EPS for the quarter, beating the 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 analyst estimates of $406.30 million. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. Equities analysts expect that Ashford Hospitality Trust Inc. will post $1.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 8.15%. The ex-dividend date is Wednesday, September 28th. Ashford Hospitality Trust’s payout ratio is -85.71%.
A number of equities analysts recently commented on the company. 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 cut Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and decreased their price target 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 assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $6.72.
In other Ashford Hospitality Trust news, Director Alan Tallis purchased 4,174 shares of the stock in a transaction on Tuesday, August 9th. The shares were bought at an average cost of $25.04 per share, with a total value of $104,516.96. Following the completion of the acquisition, the director now owns 249,586 shares in the company, valued at $6,249,633.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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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