Ashford Hospitality Trust, Inc. (NYSE:AHT) Sees Large Drop in Short Interest

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 127,900 shares, a decrease of 7.3% from the November 15th total of 137,900 shares. Based on an average daily volume of 48,600 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Ashford Hospitality Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of AHT. PFG Investments LLC lifted its stake in shares of Ashford Hospitality Trust by 76.1% in the 2nd quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 12,888 shares during the period. Founders Financial Securities LLC acquired a new stake in Ashford Hospitality Trust in the second quarter valued at about $29,000. Price T Rowe Associates Inc. MD boosted its holdings in Ashford Hospitality Trust by 97.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,500 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 28,800 shares in the last quarter. FMR LLC boosted its holdings in Ashford Hospitality Trust by 24.3% in the 3rd quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 38,215 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Ashford Hospitality Trust by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 22,400 shares during the period. 41.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th.

Ashford Hospitality Trust Stock Up 2.8 %

NYSE AHT opened at $8.44 on Wednesday. The firm has a market cap of $46.60 million, a P/E ratio of -0.67 and a beta of 2.38. Ashford Hospitality Trust has a 52-week low of $5.20 and a 52-week high of $21.90. The business’s 50-day moving average price is $7.75 and its 200 day moving average price is $8.96.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported ($12.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($12.99). The company had revenue of $276.60 million for the quarter, compared to analyst estimates of $273.50 million. Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. During the same period in the previous year, the business posted $0.08 earnings per share.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust, Inc, together with its subsidiaries (Ashford Trust), is a real estate investment trust (REIT). While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room (RevPAR) generally less than twice the U.S.