Jane Street Group LLC Sells 157,486 Shares of Ashford Hospitality Trust, Inc. (NYSE:AHT)

Jane Street Group LLC reduced its position in Ashford Hospitality Trust, Inc. (NYSE:AHT) by 80.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 38,796 shares of the real estate investment trust’s stock after selling 157,486 shares during the period. Jane Street Group LLC owned about 0.70% of Ashford Hospitality Trust worth $29,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AHT. PFG Investments LLC lifted its stake in shares of Ashford Hospitality Trust by 215.4% during the 3rd quarter. PFG Investments LLC now owns 94,025 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 64,212 shares during the last quarter. FMR LLC raised its holdings in Ashford Hospitality Trust by 24.3% in the 3rd quarter. FMR LLC now owns 195,330 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 38,215 shares during the period. Finally, Renaissance Technologies LLC lifted its position in 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 worth $468,000 after acquiring an additional 22,400 shares during the last quarter. Institutional investors own 41.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ashford Hospitality Trust Price Performance

AHT stock opened at $8.57 on Friday. Ashford Hospitality Trust, Inc. has a fifty-two week low of $5.20 and a fifty-two week high of $20.78. The stock has a market capitalization of $47.32 million, a price-to-earnings ratio of -0.67 and a beta of 2.39. The business’s fifty day moving average price is $8.55 and its two-hundred day moving average price is $8.56.

Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported ($12.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($12.99). Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%. The business had revenue of $276.60 million for the quarter, compared to analyst estimates of $273.50 million. During the same quarter in the previous year, the company earned $0.08 EPS. Research analysts expect that Ashford Hospitality Trust, Inc. will post -0.68 EPS for the current year.

Ashford Hospitality Trust Profile

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.