Ashford Hospitality Trust (NYSE:AHT) Issues Quarterly Earnings Results

Ashford Hospitality Trust (NYSE:AHT) announced its earnings results on Wednesday. The real estate investment trust reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of ($6.64) by $9.31, Zacks reports. The firm had revenue of $273.24 million for the quarter, compared to analyst estimates of $293.00 million.

Ashford Hospitality Trust Price Performance

Shares of Ashford Hospitality Trust stock opened at $3.07 on Thursday. The firm has a market cap of $19.88 million, a price-to-earnings ratio of -0.07 and a beta of 1.74. Ashford Hospitality Trust has a 52-week low of $2.50 and a 52-week high of $6.48. The stock has a 50-day simple moving average of $3.18 and a 200-day simple moving average of $3.13.

Hedge Funds Weigh In On Ashford Hospitality Trust

A number of hedge funds have recently added to or reduced their stakes in AHT. State Street Corp lifted its stake in Ashford Hospitality Trust by 41.8% in the fourth quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 6,300 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Ashford Hospitality Trust in the third quarter worth approximately $103,000. Citadel Advisors LLC acquired a new position in shares of Ashford Hospitality Trust during the 3rd quarter worth $157,000. Geode Capital Management LLC increased its stake in shares of Ashford Hospitality Trust by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock worth $274,000 after purchasing an additional 5,175 shares during the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of Ashford Hospitality Trust by 49.2% during the 3rd quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 17,991 shares during the last quarter. Institutional investors and hedge funds own 41.04% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc (NYSE: AHT) is a real estate investment trust that acquires, owns and operates upscale and upper-upscale full-service hotels in the United States. The company’s portfolio spans a variety of urban, resort and convention-oriented markets and includes both well-known national brands and independent properties. Ashford Hospitality Trust seeks to generate long-term value through active asset management, strategic acquisitions, dispositions and selective joint venture partnerships.

Founded in 2003 and headquartered in Dallas, Texas, Ashford Hospitality Trust invests in properties affiliated with leading hospitality brands, including Marriott, Hilton, Hyatt and Starwood.