Foundry Partners LLC Grows Holdings in Ashford Hospitality Trust, Inc. (AHT)

Foundry Partners LLC increased its holdings in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,288,345 shares of the real estate investment trust’s stock after purchasing an additional 31,097 shares during the period. Foundry Partners LLC owned approximately 1.31% of Ashford Hospitality Trust worth $8,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can purchased a new stake in Ashford Hospitality Trust in the second quarter worth about $837,000. Chicago Equity Partners LLC lifted its position 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 valued at $4,678,000 after buying an additional 266,370 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 valued at $185,000 after buying an additional 10,323 shares during the last quarter. Global X Management Co LLC lifted its position 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 valued at $13,335,000 after buying an additional 9,599 shares during the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in shares of Ashford Hospitality Trust during the second quarter valued at about $350,000. Institutional investors own 73.13% of the company’s stock.

Shares of NYSE AHT traded down $0.28 during midday trading on Friday, reaching $5.17. 602,955 shares of the stock were exchanged, compared to its average volume of 550,801. The stock has a market capitalization of $541.57 million, a price-to-earnings ratio of 3.77, a PEG ratio of 1.11 and a beta of 1.36. Ashford Hospitality Trust, Inc. has a twelve month low of $5.00 and a twelve month high of $8.66. The company has a debt-to-equity ratio of 7.79, a current ratio of 3.67 and a quick ratio of 4.44.

Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.65). Ashford Hospitality Trust had a negative net margin of 7.15% and a negative return on equity of 18.33%. The business had revenue of $355.93 million for the quarter, compared to analysts’ expectations of $359.93 million. Analysts anticipate that Ashford Hospitality Trust, Inc. will post 0.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 9.28%. Ashford Hospitality Trust’s payout ratio is currently 35.04%.

Several analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $8.00 price target on shares of Ashford Hospitality Trust in a research report on Monday, November 5th. ValuEngine downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Finally, Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Ashford Hospitality Trust has a consensus rating of “Hold” and a consensus target price of $8.00.

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Ashford Hospitality Trust 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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