Ashford Hospitality Trust, Inc. (NYSE:AHT) Short Interest Up 14.5% in November

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 137,900 shares, an increase of 14.5% from the October 31st total of 120,400 shares. Based on an average daily volume of 43,800 shares, the short-interest ratio is currently 3.1 days. Approximately 2.5% of the company’s shares are sold short.

Ashford Hospitality Trust Stock Up 8.3 %

Shares of AHT stock traded up $0.69 during mid-day trading on Tuesday, reaching $9.05. The company’s stock had a trading volume of 68,534 shares, compared to its average volume of 60,487. The firm has a market capitalization of $49.96 million, a PE ratio of -0.70 and a beta of 2.38. The company’s 50 day simple moving average is $7.68 and its 200-day simple moving average is $9.24. Ashford Hospitality Trust has a 12-month low of $5.20 and a 12-month high of $24.75.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $273.50 million. Ashford Hospitality Trust had a net margin of 2.84% and a negative return on equity of 12.89%. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, research analysts anticipate that Ashford Hospitality Trust will post -2.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Ashford Hospitality Trust

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of Ashford Hospitality Trust by 42.6% during the 3rd quarter. Geode Capital Management LLC now owns 531,694 shares of the real estate investment trust’s stock valued at $398,000 after acquiring an additional 158,882 shares in the last quarter. Renaissance Technologies LLC increased its stake in Ashford Hospitality Trust by 4.9% during 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 during the last quarter. FMR LLC raised its holdings in shares of Ashford Hospitality Trust by 24.3% during the third quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 38,215 shares during the period. PFG Investments LLC boosted its holdings in shares of Ashford Hospitality Trust by 215.4% in the 3rd quarter. PFG Investments LLC now owns 94,025 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 64,212 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Ashford Hospitality Trust by 97.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 58,500 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 28,800 shares during the period. Institutional investors and hedge funds own 41.04% of the company’s stock.

About Ashford Hospitality Trust

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.