Utah Retirement Systems Decreases Holdings in Ashford Hospitality Trust Inc (AHT)

Utah Retirement Systems trimmed its holdings in Ashford Hospitality Trust Inc (NYSE:AHT) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,800 shares of the real estate investment trust’s stock after selling 1,100 shares during the quarter. Utah Retirement Systems’ holdings in Ashford Hospitality Trust were worth $102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AHT. Nationwide Fund Advisors lifted its stake in Ashford Hospitality Trust by 0.5% in the 1st quarter. Nationwide Fund Advisors now owns 476,446 shares of the real estate investment trust’s stock worth $3,035,000 after purchasing an additional 2,479 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Ashford Hospitality Trust by 1.7% in the 1st quarter. Wells Fargo & Company MN now owns 935,860 shares of the real estate investment trust’s stock worth $5,962,000 after purchasing an additional 15,922 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Ashford Hospitality Trust by 176.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 131,117 shares of the real estate investment trust’s stock worth $835,000 after purchasing an additional 83,605 shares in the last quarter. Capital Fund Management S.A. lifted its stake in Ashford Hospitality Trust by 15.0% in the 1st quarter. Capital Fund Management S.A. now owns 33,348 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 4,348 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Ashford Hospitality Trust by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 814,358 shares of the real estate investment trust’s stock worth $5,188,000 after purchasing an additional 53,749 shares in the last quarter. 70.27% of the stock is currently owned by institutional investors and hedge funds.

AHT has been the topic of a number of research reports. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Canaccord Genuity reissued a “hold” rating and issued a $7.00 target price on shares of Ashford Hospitality Trust in a research note on Monday, June 26th. ValuEngine lowered shares of Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Cantor Fitzgerald reissued a “buy” rating and issued a $7.50 target price on shares of Ashford Hospitality Trust in a research note on Thursday. Finally, BidaskClub lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Ashford Hospitality Trust currently has a consensus rating of “Hold” and a consensus target price of $7.46.

Shares of Ashford Hospitality Trust Inc (NYSE:AHT) opened at 6.48 on Friday. Ashford Hospitality Trust Inc has a 52-week low of $5.35 and a 52-week high of $8.23. The stock’s 50 day moving average is $6.18 and its 200 day moving average is $6.25. The stock’s market cap is $631.35 million.

Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. The firm had revenue of $390.70 million for the quarter, compared to analyst estimates of $399.01 million. During the same quarter last year, the business posted $0.60 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. On average, equities analysts expect that Ashford Hospitality Trust Inc will post ($1.10) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.48 dividend on an annualized basis and a yield of 7.41%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is currently -35.82%.

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Ashford Hospitality Trust Profile

Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.

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Institutional Ownership by Quarter for Ashford Hospitality Trust (NYSE:AHT)

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