Ashford Hospitality Trust Inc (NYSE:AHT) Stake Raised by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC boosted its stake in Ashford Hospitality Trust Inc (NYSE:AHT) by 42.1% during the second quarter, Holdings Channel reports. The fund owned 59,700 shares of the real estate investment trust’s stock after buying an additional 17,700 shares during the period. Nisa Investment Advisors LLC’s holdings in Ashford Hospitality Trust were worth $365,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AHT. Utah Retirement Systems raised its position in Ashford Hospitality Trust by 38.8% in the first quarter. Utah Retirement Systems now owns 17,900 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Ashford Hospitality Trust by 43.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,942 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,442 shares during the last quarter. Princeton Portfolio Strategies Group LLC purchased a new position in Ashford Hospitality Trust during the first quarter valued at approximately $127,000. Thrivent Financial for Lutherans raised its position in Ashford Hospitality Trust by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,028 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 100 shares during the last quarter. Finally, Princeton Alpha Management LP raised its position in Ashford Hospitality Trust by 1.8% in the first quarter. Princeton Alpha Management LP now owns 25,746 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 454 shares during the last quarter. 72.09% of the stock is owned by institutional investors.
Ashford Hospitality Trust Inc (AHT) traded up 0.50% during mid-day trading on Friday, hitting $5.99. The stock had a trading volume of 639,031 shares. The company’s market cap is $583.61 million. The firm’s 50-day moving average price is $6.20 and its 200 day moving average price is $6.50. Ashford Hospitality Trust Inc has a one year low of $5.35 and a one year high of $8.23.
Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $390.70 million for the quarter, compared to analysts’ expectations of $399.01 million. Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, equities research analysts anticipate that Ashford Hospitality Trust Inc will post ($1.00) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date of this dividend was Wednesday, June 28th. Ashford Hospitality Trust’s dividend payout ratio is presently -35.82%.
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Several research firms have commented on AHT. ValuEngine lowered shares of Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. Cantor Fitzgerald decreased their target price on Ashford Hospitality Trust from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Friday. BidaskClub downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Canaccord Genuity reiterated a “hold” rating on shares of Ashford Hospitality Trust in a research report on Friday, May 19th. Finally, Zacks Investment Research upgraded Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.46.
Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.
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