Ashford Hospitality Trust (NYSE:AHT) Shares Scheduled to Reverse Split on Friday, November 1st

Ashford Hospitality Trust, Inc. (NYSE:AHT)’s stock is scheduled to reverse split on the morning of Friday, November 1st. The 1-10 reverse split was announced on Thursday, September 26th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 31st.

Ashford Hospitality Trust Trading Down 1.0 %

Shares of NYSE:AHT opened at $6.04 on Wednesday. Ashford Hospitality Trust has a 12-month low of $5.20 and a 12-month high of $26.20. The stock’s 50-day moving average price is $0.89 and its 200-day moving average price is $1.02. The stock has a market capitalization of $256.13 million, a P/E ratio of -1.91 and a beta of 2.33.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Monday, August 12th.

Hedge Funds Weigh In On Ashford Hospitality Trust

A number of hedge funds have recently modified their holdings of the company. PFG Investments LLC increased its holdings in Ashford Hospitality Trust by 76.1% during the 2nd quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 12,888 shares during the period. Founders Financial Securities LLC bought a new stake in shares of Ashford Hospitality Trust in the 2nd quarter worth approximately $29,000. Price T Rowe Associates Inc. MD increased its stake in shares of Ashford Hospitality Trust by 97.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 58,500 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 28,800 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Ashford Hospitality Trust by 4.9% during the second quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock valued at $468,000 after acquiring an additional 22,400 shares in the last quarter. Hedge funds and other institutional investors own 41.04% of the company’s stock.

About Ashford Hospitality Trust

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.