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

Ashford Hospitality Trust, Inc. (NYSE:AHT) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 106,100 shares, a decline of 15.6% from the January 31st total of 125,700 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 45,800 shares, the short-interest ratio is presently 2.3 days.

Institutional Investors Weigh In On Ashford Hospitality Trust

An institutional investor recently raised its position in Ashford Hospitality Trust stock. Geode Capital Management LLC grew its holdings in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 42.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 531,694 shares of the real estate investment trust’s stock after purchasing an additional 158,882 shares during the period. Geode Capital Management LLC owned approximately 9.63% of Ashford Hospitality Trust worth $398,000 at the end of the most recent quarter. Institutional investors and hedge funds own 41.04% of the company’s stock.

Ashford Hospitality Trust Stock Down 0.6 %

AHT traded down $0.05 during trading on Friday, hitting $7.73. 10,945 shares of the company traded hands, compared to its average volume of 36,948. Ashford Hospitality Trust has a one year low of $5.20 and a one year high of $15.40. The stock’s fifty day moving average is $8.18 and its 200 day moving average is $8.17. The firm has a market cap of $42.68 million, a P/E ratio of -0.60 and a beta of 2.40.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results 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 company had revenue of $275.48 million during the quarter, compared to the consensus estimate of $264.40 million. On average, equities research analysts forecast that Ashford Hospitality Trust will post -0.68 EPS for the current fiscal year.

About Ashford Hospitality Trust

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.