The American Century Companies Inc (Privately-Traded) purchased a new stock in Ashford Hospitality Trust Inc (NYSE:$AHT) with a buy-in of 60,002 shares at an approximate value of $365,000. The institution now owns 0.06% of AHT.
AHT is a REIT – or real estate investment trust – that is externally advised. They specialize in investing in upscale and upper-upscale hotels across the US.
Other companies have traded in AHT recently;
- In the 1st quarter, Raymond James Financial Services Advisors Inc (NYSE:$RJF) increased its stake in the company by 43.5%, owning a total of 17.942 shares at a value of $114,000.
- Utah Retirement Systems raised its holdings during the 1st quarter by 38.8%, now owning 17,900 worth approximately $114,000.
- Dorchester Wealth Management Co. bought a new position during the 2nd quarter worth approximately $116,000.
- Princeton Portfolio Strategies Group LLC bought a new position at AHT during the 1st quarter, totaling in at $127,000, approximately.
- During the 2nd quarter, Eqis Capital Management Inc. increased its holdings by 5.8%, now owns 27,113 shares valued at $165,000.
The company is 70.27% owned by institutional investors.
AHT opened with $6.44 during Thursday trading. The stock’s moving 50 and 200 average is $6.19 and $6.24, respectively. The company experienced a 52 week high of $8.23 and a 52 week low of $5.35. Their Market Capitalization is $627.45 million.
Brokers have weighed in on the stock recently, as well;
- On June 22nd, ValuEngine downgraded its ‘Strong-Buy’ rating to ‘Buy’.
- On June 26th, Canaccord Genuity restated a ‘Hold’ rating with a target price of $7.00.
- On July 11th, Zacks Investment Research dropped AHT’s rating from ‘Hold’ to ‘Sell’.
- On July 28th, BidaskClub dropped their rating from ‘Hold’ to ‘Sell’
- On August 11th, Cantor Fitzgerald set a ‘Buy’ rating and dropped their target price from $8.00 to $7.50
In total, 4 have given AHT a ‘Buy’, 4 have given it a ‘Hold’, and 1 analyst gave it a ‘Sell’ rating, for a consensus of ‘Hold’ at a target price of $7.46.
AHT also recently announced a quarterly dividend to be paid on Monday, October 16th, with an ex-dividend date of September 38th. The company will pay out a $0.12 per share dividend. The ratio of the payout is -35.82%
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