Insight Advisors LLC PA reduced its stake in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT – Get Rating) by 64.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,570 shares of the real estate investment trust's stock after selling 26,500 shares during the period. Insight Advisors LLC PA's holdings in Ashford Hospitality Trust were worth $149,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of AHT. Canada Pension Plan Investment Board acquired a new position in Ashford Hospitality Trust in the first quarter worth about $1,285,000. Dimensional Fund Advisors LP grew its position in shares of Ashford Hospitality Trust by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 246,645 shares of the real estate investment trust's stock worth $2,516,000 after acquiring an additional 13,399 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Ashford Hospitality Trust by 0.4% in the 1st quarter. BlackRock Inc. now owns 1,710,372 shares of the real estate investment trust's stock valued at $17,446,000 after acquiring an additional 6,539 shares during the last quarter. Rhumbline Advisers raised its position in shares of Ashford Hospitality Trust by 12.6% during the 1st quarter. Rhumbline Advisers now owns 38,017 shares of the real estate investment trust's stock valued at $388,000 after acquiring an additional 4,251 shares in the last quarter. Finally, Capital Fund Management S.A. lifted its stake in Ashford Hospitality Trust by 281.8% during the first quarter. Capital Fund Management S.A. now owns 216,699 shares of the real estate investment trust's stock worth $2,210,000 after purchasing an additional 159,937 shares during the last quarter. Institutional investors own 42.37% of the company's stock.
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NYSE:AHT opened at $9.48 on Friday. The firm has a market capitalization of $327.05 million, a P/E ratio of -1.75 and a beta of 2.05. The business has a 50 day simple moving average of $9.03 and a 200 day simple moving average of $7.93. Ashford Hospitality Trust, Inc. has a 12-month low of $4.61 and a 12-month high of $17.21.
Ashford Hospitality Trust (NYSE:AHT – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.79) by $0.52. During the same quarter last year, the company posted $0.04 EPS. Research analysts anticipate that Ashford Hospitality Trust, Inc. will post 2.25 EPS for the current fiscal year.Analyst Ratings Changes
Several research firms have weighed in on AHT. B. Riley boosted their target price on shares of Ashford Hospitality Trust from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, August 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ashford Hospitality Trust from $34.00 to $32.00 in a research report on Monday, August 22nd.
Ashford Hospitality Trust Profile
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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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