Ashford Hospitality Trust Inc. (AHT) Sees Unusually-High Trading Volume
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) saw unusually-high trading volume on Tuesday . Approximately 798,226 shares changed hands during mid-day trading, a decline of 0% from the previous session’s volume of 799,825 shares.The stock last traded at $5.25 and had previously closed at $5.56.
AHT has been the topic of several recent research reports. TheStreet lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Janney Montgomery Scott initiated coverage on Ashford Hospitality Trust in a research report on Tuesday, March 22nd. They issued a “neutral” rating and a $7.50 price target on the stock. FBR & Co reiterated a “buy” rating and set a $8.00 target price on shares of Ashford Hospitality Trust in a report on Monday, May 9th. Zacks Investment Research upgraded Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. Finally, Robert W. Baird reduced their target price on Ashford Hospitality Trust from $9.00 to $8.00 and set an “outperform” rating on the stock in a report on Wednesday, March 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Ashford Hospitality Trust currently has a consensus rating of “Hold” and an average target price of $8.37.
The stock’s 50 day moving average price is $5.22 and its 200-day moving average price is $5.54. The company’s market cap is $502.35 million.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.02. The company earned $367.77 million during the quarter, compared to analyst estimates of $357.88 million. The firm’s revenue for the quarter was up 47.0% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. On average, analysts expect that Ashford Hospitality Trust Inc. will post $1.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 9.21%.
In other Ashford Hospitality Trust news, Director Benjamin J. Md Ansell purchased 5,800 shares of the firm’s stock in a transaction on Thursday, May 12th. The stock was purchased at an average cost of $5.66 per share, for a total transaction of $32,828.00. Following the acquisition, the director now owns 52,800 shares in the company, valued at approximately $298,848. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
A number of hedge funds have modified their holdings of AHT. Matarin Capital Management LLC acquired a new stake in shares of Ashford Hospitality Trust during the fourth quarter worth $1,843,000. Rutabaga Capital Management LLC MA increased its stake in shares of Ashford Hospitality Trust by 13.4% in the fourth quarter. Rutabaga Capital Management LLC MA now owns 2,616,732 shares of the real estate investment trust’s stock worth $16,512,000 after buying an additional 309,600 shares during the last quarter. Systematic Financial Management LP acquired a new stake in shares of Ashford Hospitality Trust during the fourth quarter worth $1,577,000. Mutual of America Capital Management LLC boosted its position in Ashford Hospitality Trust by 6.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 172,949 shares of the real estate investment trust’s stock worth $1,091,000 after buying an additional 10,206 shares during the period. Finally, Chicago Equity Partners LLC boosted its position in Ashford Hospitality Trust by 402.3% in the fourth quarter. Chicago Equity Partners LLC now owns 432,070 shares of the real estate investment trust’s stock worth $2,726,000 after buying an additional 346,050 shares during the period.
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.