Bhr Capital Lowers stake in Ashford Hospitality Trust (AHT)

Ashford Hospitality Trust (AHT) : Bhr Capital reduced its stake in Ashford Hospitality Trust by 5.02% during the most recent quarter end. The investment management company now holds a total of 1,891,521 shares of Ashford Hospitality Trust which is valued at $12,805,597 after selling 100,000 shares in Ashford Hospitality Trust , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Ashford Hospitality Trust makes up approximately 7.24% of Bhr Capital’s portfolio.

Other Hedge Funds, Including , Cssil reduced its stake in AHT by selling 11,000 shares or 38.76% in the most recent quarter. The Hedge Fund company now holds 17,381 shares of AHT which is valued at $117,669. Ashford Hospitality Trust makes up approx 0.02% of Cssil’s portfolio.Raymond James Financial Services Advisors boosted its stake in AHT in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 12,500 shares of Ashford Hospitality Trust which is valued at $84,625. First Personal Financial Services added AHT to its portfolio by purchasing 765 company shares during the most recent quarter which is valued at $5,064.Glenmede Trust Co Na boosted its stake in AHT in the latest quarter, The investment management firm added 118,243 additional shares and now holds a total of 2,199,969 shares of Ashford Hospitality Trust which is valued at $14,255,799. Ashford Hospitality Trust makes up approx 0.08% of Glenmede Trust Co Na’s portfolio.

Ashford Hospitality Trust closed down -0.21 points or -3.01% at $6.76 with 4,93,754 shares getting traded on Thursday. Post opening the session at $6.95, the shares hit an intraday low of $6.69 and an intraday high of $6.99 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Ashford Hospitality Trust reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.54. The company had revenue of $410.70 million for the quarter, compared to analysts expectations of $403.74 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Ashford Hospitality Trust. Ashford Hospitality Trust was Downgraded by Credit Suisse to ” Neutral” on Jul 21, 2016.

Ashford Hospitality Trust Inc. (Ashford) together with its subsidiaries is a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry. The Company is engaged in direct hotel investments within the hotel lodging industry. Ashford owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Its hotels are primarily operated under the brands of Hilton Hyatt Marriott Starwood and Intercontinental Hotels Group. Its hotels are located in the United States. The Company through Remington Lodging manages the Hampton Inn & Suites Gainesville hotel which has 124 guestrooms including 27 studio suites. The hotel’s amenities include 1700 square feet of meeting space a boardroom Saltwater Lap Pool and Spa Jump Start fitness center and on-site parking. Ashford OP General Partner LLC is a wholly owned subsidiary of the Company.

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