Ashford Hospitality Trust, Inc. (NYSE:AHT) Short Interest Update

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 96,000 shares, a drop of 13.1% from the February 28th total of 110,500 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 37,500 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Trading of Ashford Hospitality Trust

An institutional investor recently raised its position in Ashford Hospitality Trust stock. FMR LLC increased its holdings in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 24.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,330 shares of the real estate investment trust’s stock after buying an additional 38,215 shares during the period. FMR LLC owned about 3.89% of Ashford Hospitality Trust worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 41.04% of the company’s stock.

Ashford Hospitality Trust Price Performance

AHT opened at $7.18 on Wednesday. The firm has a fifty day moving average price of $7.93 and a 200 day moving average price of $7.94. Ashford Hospitality Trust has a 1 year low of $5.20 and a 1 year high of $14.90. The stock has a market cap of $39.66 million, a P/E ratio of -0.56 and a beta of 2.48.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported ($2.21) earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($3.77). Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. The firm had revenue of $275.48 million during the quarter, compared to analyst estimates of $264.40 million. Equities analysts expect that Ashford Hospitality Trust will post -0.68 EPS for the current year.

Ashford Hospitality Trust Company Profile

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.