Ashford Hospitality Trust, Inc. (NYSE:AHT) Short Interest Down 7.3% in November

Ashford Hospitality Trust, Inc. (NYSE:AHT) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 127,900 shares, a drop of 7.3% from the November 15th total of 137,900 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average daily volume of 48,600 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On Ashford Hospitality Trust

Several hedge funds have recently made changes to their positions in the company. PFG Investments LLC grew its stake in Ashford Hospitality Trust by 76.1% during the 2nd quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 12,888 shares during the last quarter. Founders Financial Securities LLC purchased a new stake in Ashford Hospitality Trust in the second quarter valued at approximately $29,000. Price T Rowe Associates Inc. MD raised its position in Ashford Hospitality Trust by 97.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,500 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 28,800 shares during the last quarter. FMR LLC raised its position in Ashford Hospitality Trust by 24.3% during the 3rd quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 38,215 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ashford Hospitality Trust by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock valued at $468,000 after acquiring an additional 22,400 shares during the last quarter. 41.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ashford Hospitality Trust Stock Performance

AHT stock remained flat at $8.21 on Monday. The company had a trading volume of 31,700 shares, compared to its average volume of 48,080. The stock’s 50-day simple moving average is $7.73 and its 200 day simple moving average is $8.97. Ashford Hospitality Trust has a 1 year low of $5.20 and a 1 year high of $21.90. The firm has a market capitalization of $45.33 million, a PE ratio of -0.64 and a beta of 2.38.

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 the consensus estimate of $0.60 by ($12.99). The company had revenue of $276.60 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.08 EPS.

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.