Ashford Hospitality Trust, Inc. (NYSE:AHT) Sees Significant Growth in Short Interest

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

Ashford Hospitality Trust Trading Down 0.5 %

Shares of AHT stock traded down $0.04 on Friday, hitting $7.90. The stock had a trading volume of 8,961 shares, compared to its average volume of 35,330. The firm has a market cap of $43.61 million, a P/E ratio of -0.61 and a beta of 2.39. Ashford Hospitality Trust has a twelve month low of $5.20 and a twelve month high of $20.78. The company has a fifty day moving average price of $8.32 and a two-hundred day moving average price of $8.43.

Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported ($12.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($12.99). The firm 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 period in the previous year, the company posted $0.08 earnings per share. On average, analysts expect that Ashford Hospitality Trust will post -0.68 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of Ashford Hospitality Trust

Several large investors have recently made changes to their positions in AHT. Geode Capital Management LLC grew its stake in shares of Ashford Hospitality Trust by 42.6% in the third quarter. Geode Capital Management LLC now owns 531,694 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 158,882 shares during the last quarter. FMR LLC grew its stake in shares of Ashford Hospitality Trust by 24.3% in the third quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 38,215 shares during the last quarter. PFG Investments LLC grew its stake in shares of Ashford Hospitality Trust by 215.4% in the third quarter. PFG Investments LLC now owns 94,025 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 64,212 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Ashford Hospitality Trust by 4.9% in the second quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 22,400 shares during the last quarter. Institutional investors and hedge funds own 41.04% of the company’s stock.

About Ashford Hospitality Trust

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.