Ashford Hospitality Trust, Inc. (NYSE:AHT) Sees Large Drop in Short Interest

Ashford Hospitality Trust, Inc. (NYSE:AHT) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 96,000 shares, a drop of 13.1% from the February 28th total of 110,500 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 37,500 shares, the short-interest ratio is currently 2.6 days.

Institutional Trading of Ashford Hospitality Trust

A hedge fund recently raised its stake in Ashford Hospitality Trust stock. Geode Capital Management LLC boosted its stake in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 42.6% during the 3rd quarter, according to its most recent filing with the SEC. 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. 41.04% of the stock is currently owned by institutional investors.

Ashford Hospitality Trust Stock Performance

Shares of AHT opened at $7.18 on Wednesday. The stock has a 50-day moving average of $7.93 and a two-hundred day moving average of $7.94. The stock has a market cap of $39.66 million, a P/E ratio of -0.56 and a beta of 2.48. Ashford Hospitality Trust has a one year low of $5.20 and a one year high of $14.90.

Ashford Hospitality Trust (NYSE:AHT) last released its 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 firm had revenue of $275.48 million for the quarter, compared to analyst estimates of $264.40 million. Analysts predict 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.