Nordea Investment Management AB grew its stake in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 757,105 shares of the real estate investment trust’s stock after buying an additional 24,500 shares during the period. Nordea Investment Management AB owned 0.74% of Ashford Hospitality Trust worth $3,597,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. RB Capital Management LLC bought a new position in Ashford Hospitality Trust in the 1st quarter valued at about $63,000. Raymond James & Associates bought a new stake in shares of Ashford Hospitality Trust in the 4th quarter worth $54,000. Nisa Investment Advisors LLC purchased a new position in shares of Ashford Hospitality Trust in the 1st quarter worth about $70,000. Hsbc Holdings PLC boosted its holdings in shares of Ashford Hospitality Trust by 20.2% in the 4th quarter. Hsbc Holdings PLC now owns 18,064 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 3,037 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Ashford Hospitality Trust by 33.9% during the first quarter. BNP Paribas Arbitrage SA now owns 25,720 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 6,513 shares during the last quarter. Hedge funds and other institutional investors own 69.95% of the company’s stock.
In other Ashford Hospitality Trust news, Director Benjamin J. Md Ansell purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of $2.90 per share, with a total value of $72,500.00. Following the completion of the purchase, the director now directly owns 104,405 shares of the company’s stock, valued at approximately $302,774.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin J. Md Ansell purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was acquired at an average cost of $3.36 per share, with a total value of $67,200.00. Following the purchase, the director now directly owns 104,405 shares of the company’s stock, valued at $350,800.80. The disclosure for this purchase can be found here. Company insiders own 11.60% of the company’s stock.
Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.74). Ashford Hospitality Trust had a negative net margin of 9.58% and a negative return on equity of 30.20%. The company had revenue of $358.72 million for the quarter, compared to analysts’ expectations of $353.87 million. On average, equities analysts predict that Ashford Hospitality Trust, Inc. will post 1.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 9.72%. The ex-dividend date of this dividend was Thursday, June 27th. Ashford Hospitality Trust’s payout ratio is 19.05%.
A number of research analysts have commented on AHT shares. Robert W. Baird set a $5.00 price target on shares of Ashford Hospitality Trust and gave the company a “hold” rating in a research report on Monday, June 17th. ValuEngine cut shares of USD Partners from a “hold” rating to a “sell” rating in a research report on Friday, June 14th. DA Davidson cut shares of LegacyTexas Financial Group from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Monday, June 17th. Finally, Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.25.
Ashford Hospitality Trust Company Profile
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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