Today: IndexIQ Advisors LLC invests in Ashford Hospitality Trust Inc. (AHT) Shares

Today: IndexIQ Advisors LLC invests in Ashford Hospitality Trust Inc. (AHT) Shares

IndexIQ Advisors LLC boosted its stake in Ashford Hospitality Trust Inc. (NYSE:AHT) by 25.0% during the third quarter, Holdings Channel reports. The firm owned 81,991 shares of the real estate investment trust’s stock after buying an additional 16,423 shares during the period. IndexIQ Advisors LLC owned approximately 0.09% of Ashford Hospitality Trust worth $483,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. KBC Group NV boosted its stake in shares of Ashford Hospitality Trust by 72.8% in the third quarter. KBC Group NV now owns 147,290 shares of the real estate investment trust’s stock worth $868,000 after buying an additional 62,055 shares during the period. Bank of New York Mellon Corp boosted its position in Ashford Hospitality Trust by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 1,082,158 shares of the real estate investment trust’s stock worth $6,374,000 after buying an additional 2,826 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Ashford Hospitality Trust during the third quarter worth $264,000. First Trust Advisors LP boosted its position in Ashford Hospitality Trust by 142.3% in the third quarter. First Trust Advisors LP now owns 93,611 shares of the real estate investment trust’s stock worth $551,000 after buying an additional 54,979 shares during the last quarter. Finally, Wellington Shields Capital Management LLC boosted its position in Ashford Hospitality Trust by 61.8% in the third quarter. Wellington Shields Capital Management LLC now owns 33,023 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 12,608 shares during the last quarter. Institutional investors own 70.33% of the company’s stock.

Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) traded down 0.960% during trading on Monday, reaching $6.705. 78,128 shares of the company traded hands. Ashford Hospitality Trust Inc. has a 12 month low of $4.15 and a 12 month high of $7.20. The company has a 50-day moving average of $6.11 and a 200-day moving average of $5.92. The stock’s market capitalization is $644.87 million.

Several brokerages have commented on AHT. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th. Janney Montgomery Scott reaffirmed a “neutral” rating and issued a $6.25 price objective on shares of Ashford Hospitality Trust in a research note on Tuesday, November 8th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Ashford Hospitality Trust in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Ashford Hospitality Trust currently has a consensus rating of “Hold” and a consensus target price of $6.88.

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.

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