Goodwin Daniel L Buys 11,600 Shares of Ashford Hospitality Trust Inc. (AHT)
Goodwin Daniel L increased its position in Ashford Hospitality Trust Inc. (NYSE:AHT) by 33.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,523 shares of the real estate investment trust’s stock after buying an additional 11,600 shares during the period. Goodwin Daniel L’s holdings in Ashford Hospitality Trust were worth $250,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Foundry Partners LLC bought a new stake in Ashford Hospitality Trust during the second quarter worth $4,099,000. BlackRock Group LTD raised its stake in Ashford Hospitality Trust by 0.3% in the first quarter. BlackRock Group LTD now owns 720,762 shares of the real estate investment trust’s stock worth $4,599,000 after buying an additional 2,445 shares in the last quarter. Cutler Capital Management LLC raised its stake in Ashford Hospitality Trust by 5.8% in the second quarter. Cutler Capital Management LLC now owns 192,000 shares of the real estate investment trust’s stock worth $1,031,000 after buying an additional 10,500 shares in the last quarter. James Investment Research Inc. bought a new stake in Ashford Hospitality Trust during the second quarter worth $678,000. Finally, Arrow Investment Advisors LLC raised its stake in Ashford Hospitality Trust by 7.2% in the second quarter. Arrow Investment Advisors LLC now owns 99,566 shares of the real estate investment trust’s stock worth $535,000 after buying an additional 6,652 shares in the last quarter. 70.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) traded down 0.68% during midday trading on Wednesday, hitting $5.83. 341,934 shares of the stock were exchanged. The company’s market cap is $560.71 million. The firm has a 50-day moving average price of $6.40 and a 200-day moving average price of $5.85. Ashford Hospitality Trust Inc. has a 12-month low of $4.15 and a 12-month high of $7.51.
Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $410.70 million for the quarter, compared to the consensus estimate of $406.30 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities analysts predict that Ashford Hospitality Trust Inc. will post $1.56 EPS for the current year.
The company also recently declared 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 8.23%. The ex-dividend date of this dividend is Wednesday, September 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -85.71%.
A number of equities analysts recently commented on AHT shares. Canaccord Genuity reiterated a “hold” rating on shares of Ashford Hospitality Trust in a research note on Monday, August 8th. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Deutsche Bank AG reiterated a “buy” rating on shares of Ashford Hospitality Trust in a research note on Sunday, June 26th. Finally, Credit Suisse Group AG downgraded shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $6.00 to $5.00 in a research note on Thursday, July 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Ashford Hospitality Trust has a consensus rating of “Hold” and a consensus price target of $6.72.
In other news, Director Alan Tallis purchased 4,174 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were purchased at an average price of $25.04 per share, with a total value of $104,516.96. Following the purchase, the director now directly owns 249,586 shares of the company’s stock, valued at approximately $6,249,633.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.90% of the company’s stock.
Ashford Hospitality Trust Company Profile
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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