Renaissance Technologies LLC lifted its holdings in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 28.4% in the second quarter, Holdings Channel reports. The fund owned 5,695,928 shares of the real estate investment trust’s stock after purchasing an additional 1,258,394 shares during the quarter. Renaissance Technologies LLC owned approximately 0.06% of Ashford Hospitality Trust worth $46,137,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Chicago Equity Partners LLC lifted its stake in Ashford Hospitality Trust by 85.6% in the second quarter. Chicago Equity Partners LLC now owns 577,555 shares of the real estate investment trust’s stock worth $4,678,000 after purchasing an additional 266,370 shares during the last quarter. Private Advisor Group LLC bought a new stake in Ashford Hospitality Trust in the second quarter worth about $119,000. SG Americas Securities LLC lifted its stake in Ashford Hospitality Trust by 523.7% in the second quarter. SG Americas Securities LLC now owns 67,137 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 56,372 shares during the last quarter. Strs Ohio lifted its stake in Ashford Hospitality Trust by 8.6% in the second quarter. Strs Ohio now owns 145,216 shares of the real estate investment trust’s stock worth $1,176,000 after purchasing an additional 11,444 shares during the last quarter. Finally, Mackay Shields LLC lifted its stake in Ashford Hospitality Trust by 60.7% in the second quarter. Mackay Shields LLC now owns 394,002 shares of the real estate investment trust’s stock worth $3,192,000 after purchasing an additional 148,800 shares during the last quarter. 72.85% of the stock is owned by hedge funds and other institutional investors.

Ashford Hospitality Trust stock opened at $6.26 on Friday. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 7.71. Ashford Hospitality Trust, Inc. has a fifty-two week low of $5.42 and a fifty-two week high of $8.66. The company has a market cap of $614.35 million, a PE ratio of 4.65, a P/E/G ratio of 1.13 and a beta of 1.22.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.25). Ashford Hospitality Trust had a negative net margin of 6.76% and a negative return on equity of 16.70%. The company had revenue of $389.16 million for the quarter, compared to the consensus estimate of $390.19 million. sell-side analysts predict that Ashford Hospitality Trust, Inc. will post 1.1 EPS for the current year.

In other news, Director Alan Tallis sold 20,000 shares of Ashford Hospitality Trust stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $8.42, for a total transaction of $168,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 40,900 shares of company stock valued at $339,406 in the last ninety days. Insiders own 18.20% of the company’s stock.

Several brokerages have issued reports on AHT. ValuEngine downgraded shares of Ashford Hospitality Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 28th. B. Riley raised their price objective on shares of Ashford Hospitality Trust from $7.50 to $8.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Robert W. Baird raised their price objective on shares of Ashford Hospitality Trust from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $7.80.

About Ashford Hospitality Trust

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.

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

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