Ashford Hospitality Trust, Inc. (AHT) Shares Bought by Foundry Partners LLC

Foundry Partners LLC increased its stake in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,288,345 shares of the real estate investment trust’s stock after acquiring an additional 31,097 shares during the period. Foundry Partners LLC’s holdings in Ashford Hospitality Trust were worth $8,233,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Global X Management Co LLC raised its holdings in shares of Ashford Hospitality Trust by 0.6% during the second quarter. Global X Management Co LLC now owns 1,646,243 shares of the real estate investment trust’s stock worth $13,335,000 after acquiring an additional 9,599 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ashford Hospitality Trust by 82.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,788 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 10,323 shares during the period. Strs Ohio raised its holdings in shares of Ashford Hospitality Trust by 8.6% during the second quarter. Strs Ohio now owns 145,216 shares of the real estate investment trust’s stock worth $1,176,000 after acquiring an additional 11,444 shares during the period. Private Advisor Group LLC acquired a new stake in Ashford Hospitality Trust in the 2nd quarter valued at $119,000. Finally, Bessemer Group Inc. acquired a new stake in Ashford Hospitality Trust in the 2nd quarter valued at $171,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Several brokerages have issued reports on AHT. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, October 8th. B. Riley set a $8.00 price target on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Wednesday, October 3rd. ValuEngine upgraded shares of Ashford Hospitality Trust from a “strong sell” rating to a “sell” rating in a research note on Monday, September 24th. Finally, Robert W. Baird lifted their price target on shares of Ashford Hospitality Trust from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.80.

Shares of AHT stock opened at $5.52 on Friday. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 7.71. Ashford Hospitality Trust, Inc. has a 1 year low of $5.38 and a 1 year high of $8.66. The firm has a market capitalization of $552.23 million, a price-to-earnings ratio of 4.52, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.25). Ashford Hospitality Trust had a negative net margin of 6.76% and a negative return on equity of 16.70%. The business had revenue of $389.16 million during the quarter, compared to analyst estimates of $390.19 million. Research analysts expect that Ashford Hospitality Trust, Inc. will post 0.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.48 annualized dividend and a yield of 8.70%. Ashford Hospitality Trust’s payout ratio is currently 35.04%.

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.

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Institutional Ownership by Quarter for Ashford Hospitality Trust (NYSE:AHT)

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