Ashford Hospitality Trust, Inc. (NYSE:AHT) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 2,255,900 shares, a growth of 26.4% from the May 30th total of 1,785,200 shares. Based on an average daily trading volume, of 867,400 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.4% of the company’s stock are sold short.
A number of research firms have recently issued reports on AHT. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Monday, July 8th. Robert W. Baird set a $5.00 price target on Ashford Hospitality Trust and gave the stock a “hold” rating in a research report on Monday, June 17th. ValuEngine downgraded USD Partners from a “hold” rating to a “sell” rating in a research report on Friday, June 14th. Finally, DA Davidson downgraded LegacyTexas Financial Group from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.25.
In other news, Director Benjamin J. Md Ansell purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were acquired at an average price of $3.36 per share, with a total value of $67,200.00. Following the transaction, the director now owns 104,405 shares of the company’s stock, valued at $350,800.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Benjamin J. Md Ansell purchased 25,000 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average cost of $2.90 per share, for a total transaction of $72,500.00. Following the transaction, the director now directly owns 104,405 shares in the company, valued at approximately $302,774.50. The disclosure for this purchase can be found here. 11.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Alpine Global Management LLC bought a new stake in Ashford Hospitality Trust during the second quarter valued at about $34,000. RB Capital Management LLC bought a new stake in Ashford Hospitality Trust during the first quarter valued at about $63,000. Raymond James & Associates bought a new stake in Ashford Hospitality Trust during the fourth quarter valued at about $54,000. Nisa Investment Advisors LLC bought a new stake in Ashford Hospitality Trust during the first quarter valued at about $70,000. Finally, Hsbc Holdings PLC boosted its position in Ashford Hospitality Trust by 20.2% during the fourth quarter. Hsbc Holdings PLC now owns 18,064 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 3,037 shares in the last quarter. 69.95% of the stock is currently owned by institutional investors.
AHT opened at $2.53 on Friday. Ashford Hospitality Trust has a 12-month low of $2.39 and a 12-month high of $8.34. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 11.28. The stock’s fifty day moving average price is $3.63. The company has a market cap of $258.42 million, a P/E ratio of 2.18, a price-to-earnings-growth ratio of 0.47 and a beta of 1.39.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.74). Ashford Hospitality Trust had a negative net margin of 9.58% and a negative return on equity of 30.20%. The company had revenue of $358.72 million for the quarter, compared to the consensus estimate of $353.87 million. On average, equities analysts forecast that Ashford Hospitality Trust will post 1.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 9.49%. The ex-dividend date is Thursday, June 27th. Ashford Hospitality Trust’s payout ratio is currently 19.05%.
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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