Ashford Hospitality Trust Stock Scheduled to Reverse Split on Friday, November 1st (NYSE:AHT)

Ashford Hospitality Trust, Inc. (NYSE:AHT) shares are set to reverse split on the morning of Friday, November 1st. The 1-10 reverse split was announced on Thursday, September 26th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 31st.

Ashford Hospitality Trust Price Performance

Shares of NYSE AHT opened at $6.04 on Wednesday. Ashford Hospitality Trust has a 1 year low of $5.20 and a 1 year high of $26.20. The stock has a market capitalization of $256.13 million, a P/E ratio of -1.91 and a beta of 2.33. The company’s 50-day moving average is $0.89 and its 200 day moving average is $1.02.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Monday, August 12th.

Institutional Investors Weigh In On Ashford Hospitality Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC boosted its holdings in shares of Ashford Hospitality Trust by 76.1% during the 2nd quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 12,888 shares in the last quarter. Founders Financial Securities LLC bought a new position in shares of Ashford Hospitality Trust in the 2nd quarter worth about $29,000. Price T Rowe Associates Inc. MD lifted its position in Ashford Hospitality Trust by 97.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,500 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 28,800 shares during the period. Finally, Renaissance Technologies LLC boosted its stake 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 worth $468,000 after acquiring an additional 22,400 shares in the last quarter. 41.04% of the stock is owned by hedge funds and other institutional investors.

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.