Ashford Hospitality Trust (NYSE:AHT) Posts Earnings Results, Beats Expectations By $2.95 EPS

Ashford Hospitality Trust (NYSE:AHT) issued its earnings results on Wednesday. The real estate investment trust reported ($2.45) earnings per share for the quarter, beating the consensus estimate of ($5.40) by $2.95, Zacks reports.

Ashford Hospitality Trust Stock Performance

Shares of AHT stock traded up $0.01 during trading hours on Wednesday, reaching $2.96. The company had a trading volume of 62,923 shares, compared to its average volume of 53,228. Ashford Hospitality Trust has a twelve month low of $2.74 and a twelve month high of $8.55. The company has a market capitalization of $18.95 million, a P/E ratio of -0.06 and a beta of 1.69. The stock’s fifty day simple moving average is $3.90 and its 200 day simple moving average is $4.68.

Hedge Funds Weigh In On Ashford Hospitality Trust

A number of institutional investors have recently made changes to their positions in AHT. State Street Corp raised its stake in Ashford Hospitality Trust by 41.8% during the fourth quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 6,300 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Ashford Hospitality Trust in the 3rd quarter valued at approximately $103,000. Citadel Advisors LLC bought a new stake in shares of Ashford Hospitality Trust in the 3rd quarter valued at approximately $157,000. Geode Capital Management LLC raised its position 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 valued at $274,000 after acquiring an additional 5,175 shares in the last quarter. Finally, Susquehanna International Group LLP raised its position 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 valued at $322,000 after acquiring an additional 17,991 shares in the last quarter. 41.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AHT has been the topic of several research reports. Zacks Research raised shares of Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ashford Hospitality Trust in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ashford Hospitality Trust has an average 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.