Ashford Hospitality Trust Inc. (AHT) Sees Strong Trading Volume
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) saw unusually-high trading volume on Tuesday . Approximately 1,348,144 shares were traded during mid-day trading, an increase of 95% from the previous session’s volume of 691,533 shares.The stock last traded at $6.03 and had previously closed at $6.13.
AHT has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a research report on Sunday, June 26th. Credit Suisse Group AG downgraded shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $6.00 to $5.00 in a research report on Thursday, July 21st. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Ashford Hospitality Trust in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Ashford Hospitality Trust has an average rating of “Hold” and a consensus target price of $6.72.
The company has a 50 day moving average of $6.50 and a 200 day moving average of $5.84. The company’s market capitalization is $579.94 million.
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Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.06. Ashford Hospitality Trust had a negative net margin of 1.17% and a negative return on equity of 2.16%. The company had revenue of $410.70 million for the quarter, compared to the consensus estimate of $406.30 million. During the same quarter in the previous year, the company earned $0.49 EPS. Ashford Hospitality Trust’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts forecast that Ashford Hospitality Trust Inc. will post $1.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.96%. Ashford Hospitality Trust’s payout ratio is presently -85.71%.
In related news, Director Alan Tallis bought 4,174 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were bought at an average price of $25.04 per share, for a total transaction of $104,516.96. Following the transaction, the director now directly owns 249,586 shares of the company’s stock, valued at $6,249,633.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its position in Ashford Hospitality Trust by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 19,500 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 11,700 shares during the last quarter. Springhouse Capital Management LP acquired a new position in Ashford Hospitality Trust during the second quarter valued at $107,000. Wellington Shields Capital Management LLC increased its position in Ashford Hospitality Trust by 11.5% in the second quarter. Wellington Shields Capital Management LLC now owns 20,415 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,098 shares during the last quarter. WFG Advisors LP increased its position in Ashford Hospitality Trust by 9.8% in the second quarter. WFG Advisors LP now owns 22,500 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 2,000 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its position in Ashford Hospitality Trust by 23.1% in the second quarter. Eqis Capital Management Inc. now owns 35,654 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 6,699 shares during the last quarter. Institutional investors own 70.47% of the company’s stock.
About Ashford Hospitality Trust
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.
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