Ashford Hospitality Trust (NYSE:AHT) Issues Earnings Results

Ashford Hospitality Trust (NYSE:AHT) released its earnings results on Wednesday. The real estate investment trust reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of ($6.64) by $8.26, FiscalAI reports. The company had revenue of $273.24 million during the quarter, compared to analysts’ expectations of $293.00 million.

Ashford Hospitality Trust Trading Up 2.3%

AHT opened at $3.13 on Friday. Ashford Hospitality Trust has a 12 month low of $2.50 and a 12 month high of $6.44. The company has a market cap of $20.29 million, a PE ratio of -0.09 and a beta of 1.74. The company has a 50 day moving average of $3.18 and a 200 day moving average of $3.12.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Ashford Hospitality Trust

Several hedge funds have recently made changes to their positions in AHT. Dimensional Fund Advisors LP purchased a new stake in Ashford Hospitality Trust during the 3rd quarter worth about $103,000. Citadel Advisors LLC bought a new stake in shares of Ashford Hospitality Trust during the third quarter valued at about $157,000. Susquehanna International Group LLP lifted its holdings in shares of Ashford Hospitality Trust by 49.2% in the third quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 17,991 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ashford Hospitality Trust by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 5,175 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Ashford Hospitality Trust by 41.8% in the fourth quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 6,300 shares during the period. 41.04% of the stock is currently owned by hedge funds and other institutional investors.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc (NYSE: AHT) is a real estate investment trust that acquires, owns and operates upscale and upper-upscale full-service hotels in the United States. The company’s portfolio spans a variety of urban, resort and convention-oriented markets and includes both well-known national brands and independent properties. Ashford Hospitality Trust seeks to generate long-term value through active asset management, strategic acquisitions, dispositions and selective joint venture partnerships.

Founded in 2003 and headquartered in Dallas, Texas, Ashford Hospitality Trust invests in properties affiliated with leading hospitality brands, including Marriott, Hilton, Hyatt and Starwood.