Kennedy Capital Management Inc. Buys 206,068 Shares of Ashford Hospitality Trust Inc (AHT)
Kennedy Capital Management Inc. increased its stake in Ashford Hospitality Trust Inc (NYSE:AHT) by 60.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 548,216 shares of the real estate investment trust’s stock after acquiring an additional 206,068 shares during the period. Kennedy Capital Management Inc. owned approximately 0.56% of Ashford Hospitality Trust worth $3,333,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Utah Retirement Systems grew 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 worth $114,000 after acquiring an additional 5,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew 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 worth $114,000 after acquiring an additional 5,442 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Ashford Hospitality Trust in the second quarter worth about $116,000. Princeton Portfolio Strategies Group LLC purchased a new position in Ashford Hospitality Trust in the first quarter worth about $127,000. Finally, Eqis Capital Management Inc. grew its position in Ashford Hospitality Trust by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 1,481 shares in the last quarter. Institutional investors own 70.27% of the company’s stock.
Shares of Ashford Hospitality Trust Inc (NYSE:AHT) opened at 6.48 on Monday. Ashford Hospitality Trust Inc has a 1-year low of $5.35 and a 1-year high of $8.23. The company’s market cap is $631.35 million. The stock’s 50 day moving average is $6.18 and its 200 day moving average is $6.25.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The firm had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $399.01 million. During the same period last year, the company earned $0.60 EPS. The business’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts predict that Ashford Hospitality Trust Inc will post ($1.10) earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.48 annualized dividend and a dividend yield of 7.41%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -35.82%.
AHT has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. ValuEngine downgraded shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Cantor Fitzgerald decreased their price objective on shares of Ashford Hospitality Trust from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, August 11th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.46.
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Ashford Hospitality Trust 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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