Nuveen Asset Management LLC Makes New Investment in Ashford Hospitality Trust, Inc. (NYSE:AHT)

Nuveen Asset Management LLC acquired a new position in Ashford Hospitality Trust, Inc. (NYSE:AHT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 964,258 shares of the real estate investment trust’s stock, valued at approximately $2,865,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. bought a new stake in Ashford Hospitality Trust in the second quarter worth about $31,000. Point72 Hong Kong Ltd lifted its stake in Ashford Hospitality Trust by 1,035.7% in the second quarter. Point72 Hong Kong Ltd now owns 11,028 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 10,057 shares during the last quarter. Alpine Global Management LLC bought a new stake in Ashford Hospitality Trust in the second quarter worth about $34,000. Jane Street Group LLC bought a new stake in Ashford Hospitality Trust in the second quarter worth about $37,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in Ashford Hospitality Trust in the second quarter worth about $45,000. 64.70% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. Deutsche Bank reissued a “buy” rating and issued a $5.00 price objective on shares of Ashford Hospitality Trust in a research note on Wednesday, August 14th. DA Davidson reaffirmed a “neutral” rating on shares of Ashford Hospitality Trust in a research note on Monday, July 29th. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, ValuEngine raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.10.

Ashford Hospitality Trust stock opened at $2.95 on Tuesday. The company has a 50 day moving average price of $3.06 and a 200-day moving average price of $3.67. The company has a debt-to-equity ratio of 11.41, a quick ratio of 2.80 and a current ratio of 2.80. Ashford Hospitality Trust, Inc. has a fifty-two week low of $2.33 and a fifty-two week high of $5.89. The company has a market capitalization of $297.20 million, a PE ratio of 2.34 and a beta of 1.39.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.71). Ashford Hospitality Trust had a negative net margin of 9.28% and a negative return on equity of 32.31%. The company had revenue of $415.15 million for the quarter, compared to the consensus estimate of $409.14 million. On average, analysts forecast that Ashford Hospitality Trust, Inc. will post 1.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 8.14%. The ex-dividend date was Friday, September 27th. Ashford Hospitality Trust’s dividend payout ratio is presently 19.05%.

In related news, insider Mark Nunneley purchased 40,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average price of $2.38 per share, with a total value of $95,200.00. Following the completion of the purchase, the insider now owns 501,867 shares of the company’s stock, valued at approximately $1,194,443.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.60% of the company’s stock.

Ashford Hospitality Trust Profile

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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Institutional Ownership by Quarter for Ashford Hospitality Trust (NYSE:AHT)

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