Ashford Hospitality Trust, Inc. (NYSE:AHT) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 2,255,900 shares, an increase of 26.4% from the May 30th total of 1,785,200 shares. Based on an average trading volume of 867,400 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.4% of the shares of the company are sold short.
AHT stock opened at $2.53 on Friday. 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 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 has a 1-year low of $2.39 and a 1-year high of $8.34. The business has a 50 day simple moving average of $3.63.
Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.74). The firm had revenue of $358.72 million for the quarter, compared to the consensus estimate of $353.87 million. Ashford Hospitality Trust had a negative net margin of 9.58% and a negative return on equity of 30.20%. On average, equities analysts predict that Ashford Hospitality Trust will post 1.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 9.49%. Ashford Hospitality Trust’s dividend payout ratio is currently 19.05%.
In other Ashford Hospitality Trust news, Director Benjamin J. Md Ansell purchased 25,000 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was acquired at an average cost of $2.90 per share, for a total transaction of $72,500.00. Following the purchase, the director now directly owns 104,405 shares of the company’s stock, valued at approximately $302,774.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin J. Md Ansell purchased 20,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was acquired at an average price of $3.36 per share, with a total value of $67,200.00. Following the completion of the purchase, the director now directly owns 104,405 shares in the company, valued at $350,800.80. The disclosure for this purchase can be found here. Insiders own 11.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Alpine Global Management LLC bought a new position in shares of Ashford Hospitality Trust during the 2nd quarter valued at approximately $34,000. Raymond James & Associates bought a new position in shares of Ashford Hospitality Trust during the 4th quarter valued at approximately $54,000. RB Capital Management LLC bought a new position in shares of Ashford Hospitality Trust during the 1st quarter valued at approximately $63,000. Nisa Investment Advisors LLC bought a new position in shares of Ashford Hospitality Trust during the 1st quarter valued at approximately $70,000. Finally, Hsbc Holdings PLC boosted its position in shares of Ashford Hospitality Trust by 20.2% during the 4th quarter. Hsbc Holdings PLC now owns 18,064 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 3,037 shares during the last quarter. Hedge funds and other institutional investors own 69.95% of the company’s stock.
Several research analysts have weighed in on AHT shares. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Monday, July 8th. DA Davidson downgraded LegacyTexas Financial Group from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research note on Monday, June 17th. Robert W. Baird set a $5.00 price target on Ashford Hospitality Trust and gave the stock a “hold” rating in a research note on Monday, June 17th. Finally, ValuEngine downgraded USD Partners from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Ashford Hospitality Trust currently has an average rating of “Hold” and an average price target of $6.25.
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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