United Services Automobile Association Acquires 149,118 Shares of Ashford Hospitality Trust, Inc. (AHT)

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United Services Automobile Association grew its holdings in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 160.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,203 shares of the real estate investment trust’s stock after purchasing an additional 149,118 shares during the period. United Services Automobile Association’s holdings in Ashford Hospitality Trust were worth $1,962,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bank of Montreal Can purchased a new stake in Ashford Hospitality Trust during the second quarter worth about $837,000. Chicago Equity Partners LLC increased its stake in shares of Ashford Hospitality Trust by 85.6% during the second quarter. Chicago Equity Partners LLC now owns 577,555 shares of the real estate investment trust’s stock worth $4,678,000 after buying an additional 266,370 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ashford Hospitality Trust by 82.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,788 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 10,323 shares during the period. Global X Management Co LLC increased its stake in shares of Ashford Hospitality Trust by 0.6% during the second quarter. Global X Management Co LLC now owns 1,646,243 shares of the real estate investment trust’s stock worth $13,335,000 after buying an additional 9,599 shares during the period. Finally, Hartford Investment Management Co. purchased a new stake in shares of Ashford Hospitality Trust during the second quarter worth approximately $350,000. Institutional investors own 73.04% of the company’s stock.

AHT stock opened at $5.49 on Friday. The company has a debt-to-equity ratio of 7.71, a quick ratio of 4.44 and a current ratio of 4.44. Ashford Hospitality Trust, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $8.66. The company has a market cap of $544.34 million, a P/E ratio of 4.45, a PEG ratio of 1.14 and a beta of 1.20.

Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, August 2nd. The real estate investment trust reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.25). Ashford Hospitality Trust had a negative return on equity of 16.70% and a negative net margin of 6.76%. The firm had revenue of $389.16 million for the quarter, compared to analysts’ expectations of $390.19 million. Analysts anticipate that Ashford Hospitality Trust, Inc. will post 0.97 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.74%. Ashford Hospitality Trust’s payout ratio is 35.04%.

AHT has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, October 8th. Robert W. Baird upped their target price on shares of Ashford Hospitality Trust from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 27th. ValuEngine lowered shares of Ashford Hospitality Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 13th. Finally, B. Riley set a $8.00 target price on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Ashford Hospitality Trust presently has a consensus rating of “Hold” and a consensus price target of $7.80.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.

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Institutional Ownership by Quarter for Ashford Hospitality Trust (NYSE:AHT)

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