Ashford Hospitality Trust, Inc. (NYSE:AHT) Short Interest Up 7.2% in May

Ashford Hospitality Trust, Inc. (NYSE:AHT) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,517,700 shares, a growth of 7.2% from the April 15th total of 1,415,200 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 543,500 shares, the days-to-cover ratio is currently 2.8 days.

A number of analysts recently weighed in on AHT shares. ValuEngine downgraded shares of USD Partners from a “hold” rating to a “sell” rating in a research report on Friday, June 14th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Monday, July 8th. DA Davidson downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Monday, June 17th. Finally, Robert W. Baird set a $5.00 target price on shares of Ashford Hospitality Trust and gave the stock a “hold” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Ashford Hospitality Trust has an average rating of “Hold” and a consensus target price of $6.25.

AHT stock traded up $0.06 during mid-day trading on Friday, hitting $2.53. 1,718,117 shares of the company were exchanged, compared to its average volume of 1,691,730. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 11.28. The company has a market cap of $252.29 million, a price-to-earnings ratio of 2.01, a P/E/G ratio of 0.46 and a beta of 1.39. The business has a 50 day simple moving average of $3.63. Ashford Hospitality Trust has a 1-year low of $2.39 and a 1-year high of $8.34.

Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.74). The company had revenue of $358.72 million for the quarter, compared to analyst estimates of $353.87 million. Ashford Hospitality Trust had a negative return on equity of 30.20% and a negative net margin of 9.58%. On average, equities research analysts forecast that Ashford Hospitality Trust will post 1.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.24 annualized dividend and a yield of 9.49%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is currently 19.05%.

In other Ashford Hospitality Trust news, Director Benjamin J. Md Ansell bought 25,000 shares of Ashford Hospitality Trust stock in a transaction dated Tuesday, June 25th. The shares were bought at an average price of $2.90 per share, with a total value of $72,500.00. Following the purchase, the director now owns 104,405 shares of the company’s stock, valued at $302,774.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Benjamin J. Md Ansell bought 20,000 shares of Ashford Hospitality Trust stock in a transaction dated Tuesday, June 18th. The stock was acquired at an average cost of $3.36 per share, for a total transaction of $67,200.00. Following the purchase, the director now directly owns 104,405 shares in the company, valued at approximately $350,800.80. The disclosure for this purchase can be found here. 11.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in AHT. Hsbc Holdings PLC grew its stake in shares of Ashford Hospitality Trust by 20.2% in the fourth quarter. Hsbc Holdings PLC now owns 18,064 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 3,037 shares in the last quarter. Utah Retirement Systems grew its stake in shares of Ashford Hospitality Trust by 20.3% in the fourth quarter. Utah Retirement Systems now owns 29,000 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 4,900 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Ashford Hospitality Trust by 13.4% in the first quarter. SG Americas Securities LLC now owns 51,913 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 6,117 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Ashford Hospitality Trust by 33.9% in the first quarter. BNP Paribas Arbitrage SA now owns 25,720 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 6,513 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Ashford Hospitality Trust by 16.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 49,782 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 7,163 shares in the last quarter. Hedge funds and other institutional investors own 69.95% of the company’s stock.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.

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