Ashford Hospitality Trust, Inc. (NYSE:AHT) Sees Large Decline in Short Interest

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 127,900 shares, a decline of 7.3% from the November 15th total of 137,900 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 48,600 shares, the days-to-cover ratio is currently 2.6 days.

Analyst Ratings Changes

Separately, StockNews.com cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th.

Ashford Hospitality Trust Price Performance

Shares of AHT remained flat at $8.21 during trading hours on Monday. 31,700 shares of the company traded hands, compared to its average volume of 48,080. The business’s fifty day moving average is $7.73 and its 200-day moving average is $8.97. Ashford Hospitality Trust has a 1 year low of $5.20 and a 1 year high of $21.90. The firm has a market cap of $45.33 million, a price-to-earnings ratio of -0.64 and a beta of 2.38.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported ($12.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($12.99). Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. The firm had revenue of $276.60 million during the quarter, compared to analyst estimates of $273.50 million. During the same quarter last year, the company posted $0.08 EPS.

Institutional Trading of Ashford Hospitality Trust

Several institutional investors have recently bought and sold shares of the business. PFG Investments LLC raised its stake in shares of 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 worth $29,000 after buying an additional 12,888 shares during the period. Founders Financial Securities LLC acquired a new position in Ashford Hospitality Trust during the second quarter worth $29,000. Price T Rowe Associates Inc. MD lifted its holdings in 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 purchasing an additional 28,800 shares in the last quarter. FMR LLC grew its position in shares of Ashford Hospitality Trust by 24.3% in the third quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 38,215 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Ashford Hospitality Trust by 42.6% during the third quarter. Geode Capital Management LLC now owns 531,694 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 158,882 shares in the last quarter. 41.04% of the stock is owned by institutional investors and hedge funds.

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.