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

Ashford Hospitality Trust, Inc. (NYSE:AHT) shares are set to reverse split before the market opens on 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 Stock Up 1.3 %

NYSE AHT opened at $0.56 on Monday. The company’s 50 day moving average is $0.79 and its 200-day moving average is $0.99. Ashford Hospitality Trust has a 12-month low of $0.52 and a 12-month high of $2.62. The firm has a market cap of $23.62 million, a P/E ratio of -0.18 and a beta of 2.33.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Ashford Hospitality Trust

Several institutional investors have recently added to or reduced their stakes in AHT. Price T Rowe Associates Inc. MD raised its holdings in Ashford Hospitality Trust by 97.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,500 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 28,800 shares in the last quarter. Founders Financial Securities LLC bought a new position in Ashford Hospitality Trust in the 2nd quarter worth $29,000. PFG Investments LLC raised its holdings in Ashford Hospitality Trust by 76.1% in the 2nd quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 12,888 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Ashford Hospitality Trust by 4.9% in 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. Hedge funds and other institutional investors own 41.04% of the company’s stock.

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.