Great West Life Assurance Co. Can lowered its position in shares of Ashford Hospitality Trust Inc (NYSE:AHT) by 46.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,044 shares of the real estate investment trust’s stock after selling 61,073 shares during the quarter. Great West Life Assurance Co. Can owned 0.07% of Ashford Hospitality Trust worth $425,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AHT. Nationwide Fund Advisors boosted its position in Ashford Hospitality Trust by 0.5% during the 1st quarter. Nationwide Fund Advisors now owns 476,446 shares of the real estate investment trust’s stock worth $3,035,000 after acquiring an additional 2,479 shares during the last quarter. Wells Fargo & Company MN boosted its position in Ashford Hospitality Trust by 1.7% during the 1st quarter. Wells Fargo & Company MN now owns 935,860 shares of the real estate investment trust’s stock worth $5,962,000 after acquiring an additional 15,922 shares during the last quarter. Capital Fund Management S.A. boosted its position in Ashford Hospitality Trust by 15.0% during the 1st quarter. Capital Fund Management S.A. now owns 33,348 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 4,348 shares during the last quarter. Princeton Alpha Management LP boosted its position in Ashford Hospitality Trust by 1.8% during the 1st quarter. Princeton Alpha Management LP now owns 25,746 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 454 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Ashford Hospitality Trust by 7.1% during the 1st quarter. Bank of New York Mellon Corp now owns 814,358 shares of the real estate investment trust’s stock worth $5,188,000 after acquiring an additional 53,749 shares during the last quarter. 70.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Ashford Hospitality Trust Inc (NYSE:AHT) opened at 6.31 on Monday. Ashford Hospitality Trust Inc has a 1-year low of $5.35 and a 1-year high of $8.23. The company’s market cap is $614.78 million. The company has a 50-day moving average price of $6.14 and a 200-day moving average price of $6.27.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. The business had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $399.01 million. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts expect that Ashford Hospitality Trust Inc will post ($1.04) earnings per share for the current fiscal year.

A number of equities analysts have weighed in on AHT shares. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Cantor Fitzgerald set a $8.00 price objective on Ashford Hospitality Trust and gave the company a “buy” rating in a report on Thursday, May 18th. Canaccord Genuity reissued a “hold” rating on shares of Ashford Hospitality Trust in a report on Friday, May 19th. ValuEngine downgraded Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, BidaskClub downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.46.

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About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.

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

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