Bridgefront Capital LLC Buys New Shares in Ashford Hospitality Trust, Inc. (NYSE:AHT)

Bridgefront Capital LLC bought a new stake in Ashford Hospitality Trust, Inc. (NYSE:AHT – Get Rating) in the third quarter, HoldingsChannel.com reports. The firm bought 12,236 shares of the real estate investment trust’s stock, valued at approximately $83,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newman Dignan & Sheerar Inc. purchased a new position in Ashford Hospitality Trust in the third quarter valued at $111,000. Caxton Associates LP boosted its holdings in Ashford Hospitality Trust by 15.5% in the third quarter. Caxton Associates LP now owns 95,600 shares of the real estate investment trust’s stock valued at $651,000 after purchasing an additional 12,863 shares during the period. CastleKnight Management LP boosted its holdings in Ashford Hospitality Trust by 92.8% in the second quarter. CastleKnight Management LP now owns 159,100 shares of the real estate investment trust’s stock valued at $951,000 after purchasing an additional 76,600 shares during the period. Alpha Paradigm Partners LLC purchased a new position in Ashford Hospitality Trust in the second quarter valued at $812,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ashford Hospitality Trust in the second quarter valued at $1,393,000. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Ashford Hospitality Trust Price Performance

Ashford Hospitality Trust stock opened at $3.07 on Friday. Ashford Hospitality Trust, Inc. has a 1-year low of $3.06 and a 1-year high of $12.09. The stock has a market cap of $105.88 million, a PE ratio of -0.69 and a beta of 2.28. The stock’s fifty day moving average is $5.51 and its two-hundred day moving average is $6.40.

Analysts Set New Price Targets

A number of research firms have weighed in on AHT. B. Riley cut their price target on Ashford Hospitality Trust from $9.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, March 13th. StockNews.com began coverage on Ashford Hospitality Trust in a research note on Thursday. They issued a “sell” rating on the stock.

About Ashford Hospitality Trust

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Ashford Hospitality Trust, Inc is a real estate investment trust, which invests in the hospitality industry. The firm’s investments include direct hotel, mezzanine financing through origination or acquisition, first mortgage financing through origination or acquisition, sale-leaseback transactions and other hospitality transactions.