Bridgefront Capital LLC Purchases New Stake in Ashford Hospitality Trust, Inc. (NYSE:AHT)

Bridgefront Capital LLC purchased a new stake in Ashford Hospitality Trust, Inc. (NYSE:AHT – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,236 shares of the real estate investment trust’s stock, valued at approximately $83,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Parallax Volatility Advisers L.P. acquired a new stake in shares of Ashford Hospitality Trust in the third quarter valued at approximately $82,000. BNP Paribas Arbitrage SNC acquired a new stake in shares of Ashford Hospitality Trust in the third quarter valued at approximately $101,000. Alliancebernstein L.P. increased its holdings in shares of Ashford Hospitality Trust by 76.3% in the third quarter. Alliancebernstein L.P. now owns 27,617 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 11,951 shares during the last quarter. State Street Corp increased its holdings in shares of Ashford Hospitality Trust by 18.7% in the third quarter. State Street Corp now owns 981,313 shares of the real estate investment trust’s stock valued at $6,683,000 after purchasing an additional 154,522 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of Ashford Hospitality Trust in the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 43.12% of the company’s stock.

Analysts Set New Price Targets

AHT has been the subject of several recent research reports. StockNews.com assumed coverage on Ashford Hospitality Trust in a report on Thursday. They issued a “sell” rating for the company. B. Riley lowered their price objective on Ashford Hospitality Trust from $9.00 to $6.50 and set a “neutral” rating for the company in a research report on Monday, March 13th.

Ashford Hospitality Trust Stock Performance

Shares of Ashford Hospitality Trust stock opened at $3.07 on Friday. The firm has a market capitalization of $105.88 million, a price-to-earnings ratio of -0.69 and a beta of 2.28. Ashford Hospitality Trust, Inc. has a fifty-two week low of $3.06 and a fifty-two week high of $12.09. The stock has a 50 day moving average of $5.51 and a 200 day moving average of $6.40.

About Ashford Hospitality Trust

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Ashford Hospitality Trust, Inc is a real estate investment trust, which invests in the hospitality industry. The firm’s investments include direct hotel, mezzanine financing through origination or acquisition, first mortgage financing through origination or acquisition, sale-leaseback transactions and other hospitality transactions.