Short Interest in Ashford Hospitality Trust Inc (NYSE:AHT) Rises By 375.1%

Ashford Hospitality Trust Inc (NYSE:AHT) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 307,174 shares, a growth of 375.1% from the November 30th total of 64,651 shares. Based on an average daily volume of 764,799 shares, the short-interest ratio is currently 0.4 days. Approximately 4.9% of the company’s shares are short sold. Approximately 4.9% of the company’s shares are short sold. Based on an average daily volume of 764,799 shares, the short-interest ratio is currently 0.4 days.

Ashford Hospitality Trust Stock Performance

NYSE:AHT traded down $0.06 during midday trading on Friday, reaching $3.76. 58,491 shares of the stock traded hands, compared to its average volume of 69,656. The stock has a market capitalization of $24.07 million, a P/E ratio of -0.08 and a beta of 1.67. The company has a fifty day moving average of $4.03 and a 200 day moving average of $5.42. Ashford Hospitality Trust has a 12 month low of $2.89 and a 12 month high of $10.35.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported ($2.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.14) by ($1.71). The business had revenue of $266.06 million for the quarter, compared to analysts’ expectations of $273.80 million. On average, analysts predict that Ashford Hospitality Trust will post -0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AHT has been the subject of several recent research reports. Zacks Research downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ashford Hospitality Trust in a research note on Monday. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Ashford Hospitality Trust

Large investors have recently made changes to their positions in the business. Susquehanna International Group LLP increased its stake in shares of Ashford Hospitality Trust by 49.2% during the third quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 17,991 shares during the period. Citadel Advisors LLC bought a new stake in Ashford Hospitality Trust in the third quarter valued at $157,000. Dimensional Fund Advisors LP purchased a new position in Ashford Hospitality Trust during the 3rd quarter valued at $103,000. Finally, PFG Investments LLC raised its holdings in Ashford Hospitality Trust by 21.5% in the 2nd quarter. PFG Investments LLC now owns 14,882 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 2,630 shares in the last quarter. 41.04% of the stock is currently owned by institutional investors.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc (NYSE: AHT) is a real estate investment trust that acquires, owns and operates upscale and upper-upscale full-service hotels in the United States. The company’s portfolio spans a variety of urban, resort and convention-oriented markets and includes both well-known national brands and independent properties. Ashford Hospitality Trust seeks to generate long-term value through active asset management, strategic acquisitions, dispositions and selective joint venture partnerships.

Founded in 2003 and headquartered in Dallas, Texas, Ashford Hospitality Trust invests in properties affiliated with leading hospitality brands, including Marriott, Hilton, Hyatt and Starwood.