Ashford Hospitality Trust, Inc. (NYSE:AHT) Sees Significant Decrease in Short Interest

Ashford Hospitality Trust, Inc. (NYSE:AHT) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 77,900 shares, a decrease of 18.9% from the March 15th total of 96,000 shares. Based on an average trading volume of 34,200 shares, the short-interest ratio is currently 2.3 days. Approximately 1.4% of the company’s shares are short sold.

Ashford Hospitality Trust Stock Performance

Ashford Hospitality Trust stock traded down $0.23 during trading on Monday, reaching $5.94. The company had a trading volume of 29,598 shares, compared to its average volume of 39,656. Ashford Hospitality Trust has a 12-month low of $5.20 and a 12-month high of $13.85. The stock’s 50 day moving average price is $7.37 and its two-hundred day moving average price is $7.69. The firm has a market capitalization of $34.30 million, a price-to-earnings ratio of -0.46 and a beta of 2.14.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported ($2.21) EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($3.77). Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. The firm had revenue of $275.48 million for the quarter, compared to analyst estimates of $264.40 million. As a group, research analysts expect that Ashford Hospitality Trust will post -0.68 earnings per share for the current year.

Institutional Trading of Ashford Hospitality Trust

An institutional investor recently raised its position in Ashford Hospitality Trust stock. FMR LLC lifted its holdings in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 24.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,330 shares of the real estate investment trust’s stock after acquiring an additional 38,215 shares during the period. FMR LLC owned approximately 3.89% of Ashford Hospitality Trust worth $146,000 as of its most recent SEC filing. 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.