Swiss National Bank held its position in Ashford Hospitality Trust Inc. (NYSE:AHT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,800 shares of the real estate investment trust’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.16% of Ashford Hospitality Trust worth $804,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of AHT. Goodwin Daniel L raised its position in Ashford Hospitality Trust by 33.2% in the second quarter. Goodwin Daniel L now owns 46,523 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 11,600 shares during the last quarter. Arrow Investment Advisors LLC increased its stake in Ashford Hospitality Trust by 7.2% in the second quarter. Arrow Investment Advisors LLC now owns 99,566 shares of the real estate investment trust’s stock valued at $535,000 after buying an additional 6,652 shares during the period. Cutler Capital Management LLC increased its stake in Ashford Hospitality Trust by 5.8% in the second quarter. Cutler Capital Management LLC now owns 192,000 shares of the real estate investment trust’s stock valued at $1,031,000 after buying an additional 10,500 shares during the period. James Investment Research Inc. acquired a new stake in Ashford Hospitality Trust during the second quarter valued at approximately $678,000. Finally, Eqis Capital Management Inc. increased its stake in Ashford Hospitality Trust by 23.1% in the second quarter. Eqis Capital Management Inc. now owns 35,654 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 6,699 shares during the period. Institutional investors own 70.47% of the company’s stock.
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) traded down 0.85% during midday trading on Friday, hitting $5.81. 228,390 shares of the stock were exchanged. The firm’s 50 day moving average price is $6.31 and its 200-day moving average price is $5.85. Ashford Hospitality Trust Inc. has a 52-week low of $4.15 and a 52-week high of $7.51. The stock’s market cap is $558.78 million.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. The firm earned $410.70 million during the quarter, compared to analyst estimates of $406.30 million. Ashford Hospitality Trust had a negative return on equity of 2.16% and a negative net margin of 1.17%. Ashford Hospitality Trust’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. On average, equities research analysts expect that Ashford Hospitality Trust Inc. will post $1.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 8.26%. The ex-dividend date is Wednesday, September 28th. Ashford Hospitality Trust’s dividend payout ratio is presently -85.71%.
AHT has been the topic of several recent research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a report on Sunday, June 26th. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. Canaccord Genuity reaffirmed a “hold” rating on shares of Ashford Hospitality Trust in a report on Monday, August 8th. Finally, Credit Suisse Group AG downgraded shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $6.00 to $5.00 in a report on Thursday, July 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Ashford Hospitality Trust presently has a consensus rating of “Hold” and a consensus price target of $6.72.
In related news, Director Alan Tallis purchased 4,174 shares of the stock in a transaction dated Tuesday, August 9th. The stock was purchased at an average price of $25.04 per share, with a total value of $104,516.96. Following the transaction, the director now directly owns 249,586 shares in the company, valued at $6,249,633.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 16.90% of the stock is owned by insiders.
Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust, Inc (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States.