Short Interest in Ashford Hospitality Trust Inc (NYSE:AHT) Grows By 31.4%

Ashford Hospitality Trust Inc (NYSE:AHT) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 373,138 shares, an increase of 31.4% from the February 12th total of 283,884 shares. Approximately 5.9% of the company’s stock are sold short. Based on an average daily volume of 65,083 shares, the days-to-cover ratio is presently 5.7 days. Based on an average daily volume of 65,083 shares, the days-to-cover ratio is presently 5.7 days. Approximately 5.9% of the company’s stock are sold short.

Ashford Hospitality Trust Trading Down 2.4%

Shares of AHT traded down $0.08 during mid-day trading on Friday, reaching $3.09. The company’s stock had a trading volume of 25,185 shares, compared to its average volume of 56,641. Ashford Hospitality Trust has a 1-year low of $2.74 and a 1-year high of $8.00. The business has a 50-day simple moving average of $3.67 and a two-hundred day simple moving average of $4.41. The stock has a market cap of $19.77 million, a P/E ratio of -0.09 and a beta of 1.69.

Hedge Funds Weigh In On Ashford Hospitality Trust

Several institutional investors and hedge funds have recently modified their holdings of AHT. State Street Corp lifted its stake in shares of Ashford Hospitality Trust by 41.8% during the 4th quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 6,300 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Ashford Hospitality Trust in the 3rd quarter valued at about $103,000. Citadel Advisors LLC bought a new position in Ashford Hospitality Trust in the 3rd quarter valued at about $157,000. Geode Capital Management LLC raised its holdings in Ashford Hospitality Trust by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 5,175 shares during the period. Finally, Susquehanna International Group LLP lifted its position in 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 worth $322,000 after acquiring an additional 17,991 shares during the last quarter. 41.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on AHT. Zacks Research raised shares of Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Ashford Hospitality Trust to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ashford Hospitality Trust in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

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.