California Public Employees Retirement System lifted its stake in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 541,395 shares of the real estate investment trust’s stock after purchasing an additional 8,951 shares during the period. California Public Employees Retirement System owned 0.56% of Ashford Hospitality Trust worth $3,611,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Ashford Hospitality Trust by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 17,010,778 shares of the real estate investment trust’s stock worth $103,426,000 after purchasing an additional 541,526 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ashford Hospitality Trust by 2.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,094,041 shares of the real estate investment trust’s stock worth $30,972,000 after purchasing an additional 99,643 shares in the last quarter. State Street Corp raised its stake in shares of Ashford Hospitality Trust by 1.9% during the 2nd quarter. State Street Corp now owns 2,821,019 shares of the real estate investment trust’s stock worth $17,152,000 after purchasing an additional 53,797 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Ashford Hospitality Trust by 5.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,262,000 shares of the real estate investment trust’s stock worth $13,753,000 after purchasing an additional 126,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Ashford Hospitality Trust by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,552,321 shares of the real estate investment trust’s stock worth $10,354,000 after purchasing an additional 25,573 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Ashford Hospitality Trust, Inc. (NYSE AHT) opened at $6.69 on Friday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.94 and a current ratio of 3.94. The firm has a market capitalization of $658.53, a P/E ratio of 5.20, a P/E/G ratio of 0.93 and a beta of 1.51. Ashford Hospitality Trust, Inc. has a 1-year low of $5.68 and a 1-year high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The business had revenue of $353.33 million for the quarter, compared to analyst estimates of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. analysts anticipate that Ashford Hospitality Trust, Inc. will post 1.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend is Thursday, December 28th. Ashford Hospitality Trust’s payout ratio is presently -35.04%.

Ashford Hospitality Trust declared that its board has authorized a share repurchase program on Monday, December 11th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

A number of equities research analysts have recently issued reports on AHT shares. B. Riley reiterated a “buy” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, November 1st. Cantor Fitzgerald reiterated a “buy” rating and set a $7.50 price objective on shares of Ashford Hospitality Trust in a research note on Tuesday, October 3rd. ValuEngine upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Tuesday, November 7th. Finally, Robert W. Baird reissued a “hold” rating and set a $7.00 target price on shares of Ashford Hospitality Trust in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $7.42.

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Ashford Hospitality Trust Company Profile

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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