PFG Investments LLC Trims Position in Ashford Hospitality Trust, Inc. (NYSE:AHT)

PFG Investments LLC trimmed its position in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 53.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,308 shares of the real estate investment trust’s stock after selling 50,717 shares during the quarter. PFG Investments LLC’s holdings in Ashford Hospitality Trust were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AHT. Geode Capital Management LLC boosted its position in Ashford Hospitality Trust by 42.6% during the 3rd quarter. Geode Capital Management LLC now owns 531,694 shares of the real estate investment trust’s stock valued at $398,000 after acquiring an additional 158,882 shares in the last quarter. FMR LLC lifted its stake in shares of Ashford Hospitality Trust by 24.3% during the 3rd 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. Finally, Renaissance Technologies LLC boosted its position in Ashford Hospitality Trust by 4.9% during the second quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 22,400 shares in the last quarter. 41.04% of the stock is currently owned by institutional investors.

Ashford Hospitality Trust Trading Down 0.5 %

Shares of AHT stock opened at $7.90 on Friday. The company has a market cap of $43.61 million, a PE ratio of -0.61 and a beta of 2.39. Ashford Hospitality Trust, Inc. has a 12-month low of $5.20 and a 12-month high of $20.78. The business’s fifty day simple moving average is $8.32 and its 200-day simple moving average is $8.45.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported ($12.39) earnings per share for the quarter, missing the consensus estimate of $0.60 by ($12.99). Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. The business had revenue of $276.60 million during the quarter, compared to analyst estimates of $273.50 million. During the same period in the prior year, the business posted $0.08 EPS. On average, equities analysts forecast that Ashford Hospitality Trust, Inc. will post -0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.