Glacier Peak Capital LLC Invests $141,000 in Ashford Hospitality Trust, Inc. (AHT) Stock

Glacier Peak Capital LLC purchased a new stake in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 22,000 shares of the real estate investment trust’s stock, valued at approximately $141,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Global X Management Co LLC lifted its holdings in Ashford Hospitality Trust by 0.6% during the 2nd 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 purchasing an additional 9,599 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ashford Hospitality Trust by 82.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,788 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 10,323 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Ashford Hospitality Trust by 89.8% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 22,169 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 10,491 shares during the last quarter. Strs Ohio lifted its holdings in Ashford Hospitality Trust by 8.6% during the 2nd quarter. Strs Ohio now owns 145,216 shares of the real estate investment trust’s stock valued at $1,176,000 after purchasing an additional 11,444 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in Ashford Hospitality Trust during the 2nd quarter valued at about $119,000. 74.18% of the stock is owned by hedge funds and other institutional investors.

AHT opened at $5.00 on Friday. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 7.79. The stock has a market capitalization of $505.19 million, a price-to-earnings ratio of 4.03, a P/E/G ratio of 1.03 and a beta of 1.36. Ashford Hospitality Trust, Inc. has a 1-year low of $4.82 and a 1-year high of $8.66.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported ($0.40) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.65). The company had revenue of $355.93 million during the quarter, compared to analyst estimates of $359.93 million. Ashford Hospitality Trust had a negative net margin of 7.15% and a negative return on equity of 18.33%. As a group, equities research analysts forecast that Ashford Hospitality Trust, Inc. will post 0.96 EPS for the current year.

Several brokerages recently issued reports on AHT. ValuEngine downgraded shares of Ashford Hospitality Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. B. Riley reissued a “buy” rating and set a $8.00 price target on shares of Ashford Hospitality Trust in a report on Monday, November 5th. Finally, Zacks Investment Research cut shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target 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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