Vigilant Capital Management Exits Position in Ashford Hospitality Trust (AHT)

Ashford Hospitality Trust (AHT) : Vigilant Capital Management has sold out all of its stake in Ashford Hospitality Trust during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 408 shares of Ashford Hospitality Trust which is valued at $2,464.

Other Hedge Funds, Including , Msi Financial Services Inc added AHT to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $73.Legal General Group Plc boosted its stake in AHT in the latest quarter, The investment management firm added 1,096 additional shares and now holds a total of 223,166 shares of Ashford Hospitality Trust which is valued at $1,307,753. Simplex Trading sold out all of its stake in AHT during the most recent quarter. The investment firm sold 6,184 shares of AHT which is valued $35,929.Eqis Capital Management reduced its stake in AHT by selling 7,634 shares or 21.41% in the most recent quarter. The Hedge Fund company now holds 28,020 shares of AHT which is valued at $163,357. Ashford Hospitality Trust makes up approx 0.01% of Eqis Capital Management’s portfolio.

Ashford Hospitality Trust closed down -0.06 points or -0.98% at $6.04 with 9,30,156 shares getting traded on Friday. Post opening the session at $6.1, the shares hit an intraday low of $5.99 and an intraday high of $6.15 and the price fluctuated in this range throughout the day.Shares ended Friday 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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