Ashford Hospitality Trust, Inc. (NYSE:AHT) Short Interest Update

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totalling 2,105,700 shares, an increase of 100.5% from the February 27th total of 1,050,000 shares. Based on an average daily volume of 549,700 shares, the short-interest ratio is presently 3.8 days. Currently, 2.2% of the company’s stock are short sold.

A number of equities analysts recently weighed in on the stock. DA Davidson lowered shares of Ashford Hospitality Trust from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $2.50 to $1.30 in a research note on Tuesday, March 10th. B. Riley reduced their target price on shares of Ashford Hospitality Trust from $4.00 to $2.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, ValuEngine lowered shares of Ashford Hospitality Trust from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Ashford Hospitality Trust presently has an average rating of “Hold” and a consensus target price of $3.36.

NYSE AHT traded up $0.10 on Thursday, reaching $0.84. The company had a trading volume of 1,198,516 shares, compared to its average volume of 831,088. The firm has a market capitalization of $78.03 million, a price-to-earnings ratio of -0.53 and a beta of 1.41. The company has a debt-to-equity ratio of 15.46, a quick ratio of 3.10 and a current ratio of 3.10. Ashford Hospitality Trust has a 1-year low of $0.47 and a 1-year high of $5.89. The company’s fifty day moving average is $1.93 and its 200-day moving average is $2.61.

Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported ($0.39) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.11. The firm had revenue of $354.66 million during the quarter, compared to analyst estimates of $351.52 million. Ashford Hospitality Trust had a negative net margin of 7.56% and a negative return on equity of 28.68%. On average, research analysts forecast that Ashford Hospitality Trust will post 0.89 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in shares of Ashford Hospitality Trust by 36.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,756 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 4,754 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Ashford Hospitality Trust by 166.5% during the 4th quarter. Citigroup Inc. now owns 19,012 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 11,877 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Ashford Hospitality Trust during the 4th quarter worth about $54,000. State of Alaska Department of Revenue boosted its stake in shares of Ashford Hospitality Trust by 286.2% during the 4th quarter. State of Alaska Department of Revenue now owns 28,443 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 21,079 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Ashford Hospitality Trust by 30.8% during the 4th quarter. Schroder Investment Management Group now owns 32,409 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 7,626 shares during the last quarter. Institutional investors own 56.66% of the company’s stock.

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.

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