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

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

Wall Street Analyst Weigh In

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

Ashford Hospitality Trust Price Performance

NYSE:AHT traded up $0.17 during trading hours on Friday, hitting $8.82. The company had a trading volume of 14,064 shares, compared to its average volume of 47,528. The company has a market capitalization of $48.67 million, a PE ratio of -0.68 and a beta of 2.39. The stock has a 50-day moving average price of $8.55 and a 200 day moving average price of $8.55. Ashford Hospitality Trust has a 52 week low of $5.20 and a 52 week high of $20.78.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported ($12.39) earnings per share for the quarter, missing the consensus estimate of $0.60 by ($12.99). The company had revenue of $276.60 million during the quarter, compared to the consensus estimate 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 firm earned $0.08 EPS. Analysts anticipate that Ashford Hospitality Trust will post -0.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Ashford Hospitality Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in AHT. Geode Capital Management LLC lifted its position in Ashford Hospitality Trust by 42.6% during 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 buying an additional 158,882 shares during the period. PFG Investments LLC raised its position in 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 worth $70,000 after buying an additional 64,212 shares during the last quarter. FMR LLC raised its position in Ashford Hospitality Trust by 24.3% in 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 raised its position in 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 worth $468,000 after buying an additional 22,400 shares during the last quarter. Hedge funds and other institutional investors own 41.04% of the company’s stock.

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.