Glenmede Trust Co. NA Continues to Hold Stake in Ashford Hospitality Trust Inc (AHT)

Glenmede Trust Co. NA held its position in shares of Ashford Hospitality Trust Inc (NYSE:AHT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,929,402 shares of the real estate investment trust’s stock at the end of the first quarter. Glenmede Trust Co. NA owned about 1.99% of Ashford Hospitality Trust worth $14,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AHT. Foundry Partners LLC boosted its position in shares of Ashford Hospitality Trust by 14.8% in the first quarter. Foundry Partners LLC now owns 921,443 shares of the real estate investment trust’s stock valued at $5,870,000 after buying an additional 118,904 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Ashford Hospitality Trust by 587.9% in the fourth quarter. Teachers Advisors LLC now owns 982,372 shares of the real estate investment trust’s stock valued at $7,623,000 after buying an additional 839,558 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Ashford Hospitality Trust by 5.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 127,519 shares of the real estate investment trust’s stock valued at $990,000 after buying an additional 6,153 shares in the last quarter. Norges Bank bought a new position in shares of Ashford Hospitality Trust during the fourth quarter valued at $7,308,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Ashford Hospitality Trust by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,028 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 100 shares in the last quarter. Institutional investors own 72.41% of the company’s stock.

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

Ashford Hospitality Trust Inc (NYSE AHT) traded up 0.47% during mid-day trading on Friday, hitting $6.38. The stock had a trading volume of 118,523 shares. The firm’s market cap is $621.65 million. Ashford Hospitality Trust Inc has a 12-month low of $4.98 and a 12-month high of $8.23. The stock has a 50-day moving average price of $6.30 and a 200 day moving average price of $6.86.

Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Ashford Hospitality Trust had a negative return on equity of 7.58% and a negative net margin of 3.96%. The business had revenue of $353.70 million during the quarter, compared to the consensus estimate of $350.47 million. During the same period in the prior year, the business posted $0.36 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities analysts anticipate that Ashford Hospitality Trust Inc will post ($0.96) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 7.56%. The ex-dividend date is Wednesday, June 28th. Ashford Hospitality Trust’s payout ratio is currently -43.64%.

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A number of research firms have recently commented on AHT. Zacks Investment Research cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, February 28th. Cantor Fitzgerald restated an “outperform” rating and issued a $8.00 price objective on shares of Ashford Hospitality Trust in a research report on Tuesday, February 28th. FBR & Co upgraded Ashford Hospitality Trust from a “market perform” rating to an “outperform” rating and set a $8.00 price objective for the company in a research report on Monday, February 27th. ValuEngine cut Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Canaccord Genuity restated a “hold” rating on shares of Ashford Hospitality Trust in a research report on Friday, May 19th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ashford Hospitality Trust has an average rating of “Buy” and an average target price of $7.18.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.

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