Ashford Hospitality Trust, Inc. (NYSE:AHT) Stake Cut by Navis Wealth Advisors LLC

Navis Wealth Advisors LLC reduced its holdings in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 84.0% in the 4th quarter, Holdings Channel reports. The fund owned 36,140 shares of the real estate investment trust’s stock after selling 189,271 shares during the period. Navis Wealth Advisors LLC’s holdings in Ashford Hospitality Trust were worth $260,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PFG Investments LLC lifted its stake in Ashford Hospitality Trust by 215.4% in the 3rd quarter. PFG Investments LLC now owns 94,025 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 64,212 shares in the last quarter. FMR LLC raised its stake in shares of Ashford Hospitality Trust by 24.3% during the 3rd quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 38,215 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ashford Hospitality Trust by 42.6% during the 3rd quarter. Geode Capital Management LLC now owns 531,694 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 158,882 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of 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 in the last quarter. 41.04% of the stock is owned by hedge funds and other institutional investors.

Ashford Hospitality Trust Stock Performance

Shares of NYSE AHT opened at $8.44 on Friday. The firm has a market cap of $46.56 million, a price-to-earnings ratio of -0.65 and a beta of 2.39. The business’s 50-day simple moving average is $8.42 and its 200-day simple moving average is $8.51. Ashford Hospitality Trust, Inc. has a 52 week low of $5.20 and a 52 week high of $20.78.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported ($12.39) EPS 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 net margin of 2.84% and a negative return on equity of 12.89%. During the same period in the prior year, the company posted $0.08 EPS. As a group, equities research analysts forecast that Ashford Hospitality Trust, Inc. will post -0.68 earnings per share for the current year.

Analysts Set New Price Targets

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

Ashford Hospitality Trust 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.