Geode Capital Management LLC Raises Stock Holdings in Ashford Hospitality Trust, Inc. (NYSE:AHT)

Geode Capital Management LLC raised its position in shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) by 42.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 531,694 shares of the real estate investment trust’s stock after buying an additional 158,882 shares during the quarter. Geode Capital Management LLC owned about 9.63% of Ashford Hospitality Trust worth $398,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. PFG Investments LLC lifted its position in Ashford Hospitality Trust by 76.1% during the 2nd quarter. PFG Investments LLC now owns 29,813 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 12,888 shares during the period. Renaissance Technologies LLC increased its stake in shares of Ashford Hospitality Trust by 4.9% during the second quarter. Renaissance Technologies LLC now owns 482,200 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 22,400 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Ashford Hospitality Trust by 24.3% during the third quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 38,215 shares during the last quarter. Institutional investors own 41.04% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th.

Ashford Hospitality Trust Stock Performance

Shares of NYSE AHT opened at $8.22 on Monday. The firm’s 50 day moving average price is $8.37 and its 200-day moving average price is $8.57. Ashford Hospitality Trust, Inc. has a 52-week low of $5.20 and a 52-week high of $20.78. The company has a market cap of $45.38 million, a PE ratio of -0.64 and a beta of 2.39.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported ($12.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($12.99). The business had revenue of $276.60 million during the quarter, compared to the consensus estimate of $273.50 million. Ashford Hospitality Trust had a net margin of 2.84% and a negative return on equity of 12.89%. During the same period last year, the company posted $0.08 earnings per share.

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.