Massachusetts Financial Services Co. MA Grows Stake in Ashford Hospitality Trust Inc (AHT)

Massachusetts Financial Services Co. MA lifted its position in shares of Ashford Hospitality Trust Inc (NYSE:AHT) by 18.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,405 shares of the real estate investment trust’s stock after buying an additional 26,796 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.18% of Ashford Hospitality Trust worth $1,114,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Zeke Capital Advisors LLC acquired a new position in Ashford Hospitality Trust in the 1st quarter valued at about $104,000. Barnett & Company Inc. acquired a new position in Ashford Hospitality Trust in the 4th quarter valued at about $132,000. MetLife Investment Advisors LLC acquired a new position in Ashford Hospitality Trust in the 4th quarter valued at about $162,000. AMP Capital Investors Ltd raised its stake in Ashford Hospitality Trust by 80.2% in the 4th quarter. AMP Capital Investors Ltd now owns 24,247 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 10,788 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Ashford Hospitality Trust in the 4th quarter valued at about $202,000. 72.40% of the stock is owned by institutional investors and hedge funds.

NYSE AHT opened at $7.20 on Thursday. Ashford Hospitality Trust Inc has a 12 month low of $5.42 and a 12 month high of $7.28. The company has a debt-to-equity ratio of 6.36, a current ratio of 3.67 and a quick ratio of 3.67. The stock has a market cap of $690.45 million, a PE ratio of 5.26, a P/E/G ratio of 1.13 and a beta of 1.35.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.71). Ashford Hospitality Trust had a negative net margin of 4.75% and a negative return on equity of 10.19%. The company had revenue of $341.57 million for the quarter, compared to analyst estimates of $334.44 million. analysts expect that Ashford Hospitality Trust Inc will post 1.24 earnings per share for the current fiscal year.

Several brokerages recently weighed in on AHT. Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. B. Riley set a $8.00 target price on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Friday, March 2nd. Cantor Fitzgerald set a $8.00 target price on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Monday, March 5th. ValuEngine downgraded shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Deutsche Bank cut their target price on shares of Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, three have assigned 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 $7.50.

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.

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

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