Short Interest in Ashford Hospitality Trust Inc (NYSE:AHT) Grows By 31.4%

Ashford Hospitality Trust Inc (NYSE:AHT) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 373,138 shares, a growth of 31.4% from the February 12th total of 283,884 shares. Based on an average daily volume of 65,083 shares, the days-to-cover ratio is currently 5.7 days. Approximately 5.9% of the shares of the company are sold short. Approximately 5.9% of the shares of the company are sold short. Based on an average daily volume of 65,083 shares, the days-to-cover ratio is currently 5.7 days.

Institutional Investors Weigh In On Ashford Hospitality Trust

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP bought a new stake in shares of Ashford Hospitality Trust in the third quarter valued at approximately $103,000. State Street Corp increased its stake in Ashford Hospitality Trust by 41.8% during the 4th quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 6,300 shares during the period. Citadel Advisors LLC acquired a new position in Ashford Hospitality Trust in the 3rd quarter valued at $157,000. Susquehanna International Group LLP raised its holdings in Ashford Hospitality Trust by 49.2% in the 3rd quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock valued at $322,000 after acquiring an additional 17,991 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Ashford Hospitality Trust by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 5,175 shares during the period. 41.04% of the stock is currently owned by institutional investors.

Ashford Hospitality Trust Trading Down 2.4%

NYSE AHT traded down $0.08 during trading on Friday, reaching $3.09. The company’s stock had a trading volume of 25,185 shares, compared to its average volume of 56,641. The firm has a 50 day moving average price of $3.67 and a 200 day moving average price of $4.41. Ashford Hospitality Trust has a 12 month low of $2.74 and a 12 month high of $8.00. The firm has a market capitalization of $19.77 million, a price-to-earnings ratio of -0.09 and a beta of 1.69.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AHT. Wall Street Zen upgraded Ashford Hospitality Trust to a “hold” rating in a research note on Saturday, February 28th. Zacks Research raised Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ashford Hospitality Trust in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust, Inc (NYSE: AHT) is a real estate investment trust that acquires, owns and operates upscale and upper-upscale full-service hotels in the United States. The company’s portfolio spans a variety of urban, resort and convention-oriented markets and includes both well-known national brands and independent properties. Ashford Hospitality Trust seeks to generate long-term value through active asset management, strategic acquisitions, dispositions and selective joint venture partnerships.

Founded in 2003 and headquartered in Dallas, Texas, Ashford Hospitality Trust invests in properties affiliated with leading hospitality brands, including Marriott, Hilton, Hyatt and Starwood.