State Board of Administration of Florida Retirement System Cuts Stock Holdings in Ashford Hospitality Trust, Inc. (NYSE:AHT)

State Board of Administration of Florida Retirement System lowered its position in Ashford Hospitality Trust, Inc. (NYSE:AHT – Get Rating) by 43.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,735 shares of the real estate investment trust’s stock after selling 10,710 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Ashford Hospitality Trust were worth $61,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Barclays PLC grew its position in shares of Ashford Hospitality Trust by 42.7% in the third quarter. Barclays PLC now owns 8,738 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 2,613 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Ashford Hospitality Trust during the 3rd quarter valued at about $68,000. Two Sigma Advisers LP purchased a new position in shares of Ashford Hospitality Trust during the third quarter worth about $76,000. Quantbot Technologies LP bought a new stake in Ashford Hospitality Trust during the third quarter valued at approximately $82,000. Finally, Parallax Volatility Advisers L.P. purchased a new stake in Ashford Hospitality Trust during the third quarter valued at about $82,000. 43.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AHT shares. B. Riley decreased their target price on shares of 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, March 16th. They set a “sell” rating on the stock.

Ashford Hospitality Trust Stock Down 1.9 %

Shares of AHT stock opened at $4.21 on Wednesday. The firm has a market capitalization of $145.16 million, a PE ratio of -0.91 and a beta of 2.29. The company has a 50 day moving average price of $3.42 and a 200-day moving average price of $4.88. Ashford Hospitality Trust, Inc. has a 52 week low of $2.61 and a 52 week high of $12.09.

Ashford Hospitality Trust Profile

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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.