Ashford Hospitality Trust, Inc. (AHT) Stake Raised by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its holdings in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 43.9% during the first quarter, Holdings Channel reports. The institutional investor owned 26,364 shares of the real estate investment trust’s stock after purchasing an additional 8,038 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Ashford Hospitality Trust were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Ashford Hospitality Trust by 20.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,086,957 shares of the real estate investment trust’s stock valued at $4,348,000 after buying an additional 181,661 shares during the last quarter. Cutler Group LP increased its stake in shares of Ashford Hospitality Trust by 64.7% during the fourth quarter. Cutler Group LP now owns 8,400 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 3,300 shares during the period. Raymond James & Associates acquired a new position in shares of Ashford Hospitality Trust during the fourth quarter valued at approximately $54,000. AQR Capital Management LLC acquired a new position in shares of Ashford Hospitality Trust during the third quarter valued at approximately $676,000. Finally, BlackRock Inc. increased its stake in shares of Ashford Hospitality Trust by 6.4% during the fourth quarter. BlackRock Inc. now owns 9,006,331 shares of the real estate investment trust’s stock valued at $36,026,000 after acquiring an additional 544,053 shares during the period. 68.66% of the stock is currently owned by institutional investors.

NYSE AHT opened at $4.94 on Friday. Ashford Hospitality Trust, Inc. has a 12 month low of $3.85 and a 12 month high of $8.66. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 11.28. The company has a market cap of $504.58 million, a P/E ratio of 3.92, a P/E/G ratio of 0.92 and a beta of 1.70.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.74). Ashford Hospitality Trust had a negative net margin of 9.58% and a negative return on equity of 30.20%. The company had revenue of $358.72 million for the quarter, compared to analyst estimates of $353.87 million. Sell-side analysts predict that Ashford Hospitality Trust, Inc. will post 1.11 EPS for the current fiscal year.

A number of research firms recently commented on AHT. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 13th. ValuEngine upgraded shares of Ashford Hospitality Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $7.67.

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Ashford Hospitality Trust Company 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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