State of New Jersey Common Pension Fund D Has $790,000 Position in Ashford Hospitality Trust Inc (AHT)

State of New Jersey Common Pension Fund D maintained its stake in Ashford Hospitality Trust Inc (NYSE:AHT) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 130,000 shares of the real estate investment trust’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned approximately 0.13% of Ashford Hospitality Trust worth $790,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Utah Retirement Systems increased its stake in Ashford Hospitality Trust by 38.8% in the first quarter. Utah Retirement Systems now owns 17,900 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 5,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Ashford Hospitality Trust by 43.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,942 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 5,442 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Ashford Hospitality Trust during the second quarter worth approximately $116,000. Princeton Portfolio Strategies Group LLC purchased a new stake in Ashford Hospitality Trust during the first quarter worth approximately $127,000. Finally, Princeton Alpha Management LP increased its stake in Ashford Hospitality Trust by 1.8% in the first quarter. Princeton Alpha Management LP now owns 25,746 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 454 shares in the last quarter. 72.57% of the stock is currently owned by institutional investors.

Shares of Ashford Hospitality Trust Inc (NYSE:AHT) opened at 5.92 on Monday. The firm’s market capitalization is $576.79 million. Ashford Hospitality Trust Inc has a 12 month low of $5.35 and a 12 month high of $8.23. The stock’s 50 day moving average price is $6.16 and its 200-day moving average price is $6.43.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $390.70 million during the quarter, compared to analyst estimates of $399.01 million. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. On average, equities research analysts predict that Ashford Hospitality Trust Inc will post ($1.04) EPS for the current fiscal year.

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A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald cut their target price on Ashford Hospitality Trust from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday, August 11th. ValuEngine lowered Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. BidaskClub lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Canaccord Genuity reaffirmed a “hold” rating on shares of Ashford Hospitality Trust in a research report on Friday, May 19th. Finally, Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $7.46.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.

Institutional Ownership by Quarter for Ashford Hospitality Trust (NYSE:AHT)

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