Ashford Hospitality Trust, Inc. (NYSE:AHT) Short Interest Update

Ashford Hospitality Trust, Inc. (NYSE:AHTGet Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,200,000 shares, an increase of 11.5% from the February 29th total of 2,870,000 shares. Based on an average trading volume of 713,600 shares, the short-interest ratio is presently 4.5 days. Currently, 8.2% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Ashford Hospitality Trust to a “sell” rating in a report on Monday, March 4th.

View Our Latest Report on AHT

Hedge Funds Weigh In On Ashford Hospitality Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CastleKnight Management LP raised its stake in Ashford Hospitality Trust by 91.4% during the fourth quarter. CastleKnight Management LP now owns 1,940,458 shares of the real estate investment trust’s stock valued at $3,764,000 after purchasing an additional 926,564 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Ashford Hospitality Trust by 335.0% during the 3rd quarter. Nuveen Asset Management LLC now owns 772,059 shares of the real estate investment trust’s stock worth $5,258,000 after purchasing an additional 594,570 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Ashford Hospitality Trust by 41.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,786,284 shares of the real estate investment trust’s stock worth $3,465,000 after acquiring an additional 526,792 shares during the last quarter. AQR Capital Management LLC increased its stake in Ashford Hospitality Trust by 141.4% in the third quarter. AQR Capital Management LLC now owns 669,207 shares of the real estate investment trust’s stock worth $1,599,000 after purchasing an additional 392,014 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Ashford Hospitality Trust in the 1st quarter worth about $3,635,000. 41.04% of the stock is owned by institutional investors.

Ashford Hospitality Trust Price Performance

Ashford Hospitality Trust stock opened at $1.31 on Wednesday. The stock has a market cap of $51.70 million, a P/E ratio of -0.23 and a beta of 2.24. The firm’s 50 day moving average price is $1.51 and its 200-day moving average price is $1.90. Ashford Hospitality Trust has a 1 year low of $1.24 and a 1 year high of $5.09.

Ashford Hospitality Trust Company Profile

(Get Free Report)

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

Further Reading

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