Ajo LP decreased its holdings in shares of Ashford Hospitality Trust Inc (NYSE:AHT) by 29.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,432,023 shares of the real estate investment trust’s stock after selling 593,545 shares during the quarter. Ajo LP owned about 1.47% of Ashford Hospitality Trust worth $8,707,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Ashford Hospitality Trust by 7.3% during the first quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock valued at $104,909,000 after acquiring an additional 1,121,239 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in Ashford Hospitality Trust by 420.5% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 518,402 shares of the real estate investment trust’s stock valued at $3,301,000 after acquiring an additional 418,802 shares during the last quarter. Cowen Group Inc. bought a new position in Ashford Hospitality Trust during the first quarter valued at $2,175,000. Schwab Charles Investment Management Inc. increased its position in Ashford Hospitality Trust by 30.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,301,506 shares of the real estate investment trust’s stock valued at $7,914,000 after acquiring an additional 302,950 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Ashford Hospitality Trust by 15.2% during the first quarter. Renaissance Technologies LLC now owns 2,135,900 shares of the real estate investment trust’s stock valued at $13,606,000 after acquiring an additional 282,600 shares during the last quarter. 70.27% of the stock is currently owned by institutional investors.

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Ashford Hospitality Trust Inc (AHT) opened at 6.46 on Friday. Ashford Hospitality Trust Inc has a 12-month low of $5.35 and a 12-month high of $8.23. The company’s market capitalization is $629.40 million. The stock has a 50 day moving average of $6.18 and a 200-day moving average of $6.25.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The company had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $399.01 million. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Equities analysts expect that Ashford Hospitality Trust Inc will post ($1.10) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 7.43%. The ex-dividend date is Thursday, September 28th. Ashford Hospitality Trust’s dividend payout ratio is currently -35.82%.

AHT has been the topic of a number of analyst reports. Cantor Fitzgerald cut their price objective on shares of Ashford Hospitality Trust from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday, August 11th. ValuEngine cut shares of Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Canaccord Genuity restated a “hold” rating and issued a $7.00 price target on shares of Ashford Hospitality Trust in a report on Monday, June 26th. Finally, BidaskClub cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $7.46.

About Ashford Hospitality Trust

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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Institutional Ownership by Quarter for Ashford Hospitality Trust (NYSE:AHT)

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