Ashford Hospitality Trust, Inc. (NYSE:AHT) Sees Significant Decline in Short Interest

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 106,100 shares, a decrease of 15.6% from the January 31st total of 125,700 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily volume of 45,800 shares, the short-interest ratio is presently 2.3 days.

Hedge Funds Weigh In On Ashford Hospitality Trust

An institutional investor recently raised its position in Ashford Hospitality Trust stock. FMR LLC lifted its stake in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 24.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,330 shares of the real estate investment trust’s stock after purchasing an additional 38,215 shares during the period. FMR LLC owned about 3.89% of Ashford Hospitality Trust worth $146,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 41.04% of the company’s stock.

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.

Ashford Hospitality Trust Stock Performance

Shares of Ashford Hospitality Trust stock remained flat at $7.68 during trading on Wednesday. 10,126 shares of the stock traded hands, compared to its average volume of 37,576. Ashford Hospitality Trust has a 12-month low of $5.20 and a 12-month high of $15.90. The company has a 50 day simple moving average of $8.18 and a two-hundred day simple moving average of $8.19. The firm has a market capitalization of $42.40 million, a PE ratio of -0.60 and a beta of 2.40.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported ($2.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($3.77). Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. The firm had revenue of $275.48 million during the quarter, compared to the consensus estimate of $264.40 million. Analysts forecast that Ashford Hospitality Trust will post -0.68 earnings per share for the current year.

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.