Ashford Hospitality Trust, Inc. (NYSE:AHT) Short Interest Update

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 77,900 shares, a decrease of 18.9% from the March 15th total of 96,000 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 34,200 shares, the short-interest ratio is currently 2.3 days.

Ashford Hospitality Trust Stock Performance

Ashford Hospitality Trust stock traded up $0.29 during midday trading on Friday, reaching $6.17. The company’s stock had a trading volume of 15,329 shares, compared to its average volume of 39,696. Ashford Hospitality Trust has a fifty-two week low of $5.20 and a fifty-two week high of $13.85. The firm has a market capitalization of $35.60 million, a PE ratio of -0.48 and a beta of 2.14. The stock’s 50 day simple moving average is $7.40 and its 200 day simple moving average is $7.70.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported ($2.21) EPS for the quarter, missing the consensus estimate of $1.56 by ($3.77). The business had revenue of $275.48 million during the quarter, compared to analysts’ expectations of $264.40 million. Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. Equities analysts predict that Ashford Hospitality Trust will post -0.68 earnings per share for the current year.

Institutional Investors Weigh In On Ashford Hospitality Trust

An institutional investor recently raised its position in Ashford Hospitality Trust stock. Geode Capital Management LLC grew its stake in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 42.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 531,694 shares of the real estate investment trust’s stock after buying an additional 158,882 shares during the period. Geode Capital Management LLC owned 9.63% of Ashford Hospitality Trust worth $398,000 as of its most recent SEC filing. 41.04% of the stock is owned by institutional investors and hedge funds.

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.