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

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 158,000 shares, an increase of 18.6% from the December 15th total of 133,200 shares. Based on an average daily trading volume, of 53,700 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th.

Ashford Hospitality Trust Trading Up 1.9 %

Shares of Ashford Hospitality Trust stock traded up $0.17 on Friday, reaching $8.82. The stock had a trading volume of 14,064 shares, compared to its average volume of 47,528. Ashford Hospitality Trust has a 1 year low of $5.20 and a 1 year high of $20.78. The company has a market cap of $48.67 million, a P/E ratio of -0.68 and a beta of 2.39. The business’s 50 day moving average is $8.55 and its two-hundred day moving average is $8.55.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported ($12.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($12.99). The firm had revenue of $276.60 million during the quarter, compared to analysts’ expectations of $273.50 million. Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. During the same period in the previous year, the company posted $0.08 earnings per share. On average, equities analysts anticipate that Ashford Hospitality Trust will post -0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Ashford Hospitality Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. PFG Investments LLC raised its stake in Ashford Hospitality Trust by 215.4% in the third quarter. PFG Investments LLC now owns 94,025 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 64,212 shares in the last quarter. FMR LLC raised its stake in Ashford Hospitality Trust by 24.3% in the third quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 38,215 shares in the last quarter. Geode Capital Management LLC raised its stake in Ashford Hospitality Trust by 42.6% in the third quarter. Geode Capital Management LLC now owns 531,694 shares of the real estate investment trust’s stock valued at $398,000 after purchasing an additional 158,882 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Ashford Hospitality Trust by 4.9% in the second quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 22,400 shares in the last quarter. 41.04% of the stock is owned by hedge funds and other institutional investors.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust, Inc, together with its subsidiaries (Ashford Trust), is a real estate investment trust (REIT). While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room (RevPAR) generally less than twice the U.S.