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

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

Hedge Funds Weigh In On Ashford Hospitality Trust

An institutional investor recently raised its position in Ashford Hospitality Trust stock. Geode Capital Management LLC lifted its holdings in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 42.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 531,694 shares of the real estate investment trust’s stock after purchasing an additional 158,882 shares during the quarter. Geode Capital Management LLC owned 9.63% of Ashford Hospitality Trust worth $398,000 at the end of the most recent quarter. Institutional investors and hedge funds own 41.04% of the company’s stock.

Ashford Hospitality Trust Stock Down 5.1 %

AHT traded down $0.36 during midday trading on Thursday, reaching $6.71. The company had a trading volume of 29,076 shares, compared to its average volume of 39,550. Ashford Hospitality Trust has a 1 year low of $5.20 and a 1 year high of $14.90. The company has a market cap of $37.05 million, a P/E ratio of -0.52 and a beta of 2.48. The business has a 50-day moving average of $7.88 and a two-hundred day moving average of $7.92.

Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported ($2.21) EPS 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 for the quarter, compared to the consensus estimate of $264.40 million. On average, equities research analysts predict 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.