GWM Advisors LLC grew its stake in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 27.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 321,929 shares of the real estate investment trust’s stock after buying an additional 70,000 shares during the period. GWM Advisors LLC’s holdings in Ashford Hospitality Trust were worth $1,529,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in Ashford Hospitality Trust by 20.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,086,957 shares of the real estate investment trust’s stock valued at $4,348,000 after buying an additional 181,661 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Ashford Hospitality Trust in the 4th quarter valued at about $54,000. Cutler Group LP raised its stake in shares of Ashford Hospitality Trust by 64.7% in the 4th quarter. Cutler Group LP now owns 8,400 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 3,300 shares in the last quarter. BlackRock Inc. raised its stake in shares of Ashford Hospitality Trust by 6.4% in the 4th quarter. BlackRock Inc. now owns 9,006,331 shares of the real estate investment trust’s stock valued at $36,026,000 after purchasing an additional 544,053 shares in the last quarter. Finally, Glacier Peak Capital LLC raised its stake in shares of Ashford Hospitality Trust by 183.2% in the 4th quarter. Glacier Peak Capital LLC now owns 62,300 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 40,300 shares in the last quarter. 69.96% of the stock is owned by institutional investors.
Shares of Ashford Hospitality Trust stock traded up $0.01 on Thursday, hitting $4.31. The company had a trading volume of 2,365 shares, compared to its average volume of 516,444. The company has a debt-to-equity ratio of 11.28, a current ratio of 3.07 and a quick ratio of 3.07. The stock has a market capitalization of $444.82 million, a PE ratio of 3.42, a price-to-earnings-growth ratio of 0.82 and a beta of 1.77. Ashford Hospitality Trust, Inc. has a 52 week low of $3.85 and a 52 week high of $8.66.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.74). The company had revenue of $358.72 million during the quarter, compared to the consensus estimate of $353.87 million. Ashford Hospitality Trust had a negative net margin of 9.58% and a negative return on equity of 30.20%. On average, analysts forecast that Ashford Hospitality Trust, Inc. will post 1.09 earnings per share for the current fiscal year.
Several research firms recently weighed in on AHT. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 13th. ValuEngine lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.67.
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About Ashford Hospitality Trust
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
Further Reading: Market Capitalization and Individual Investors
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