HG Vora Capital Management and its manager, Parag Vora, have high hopes for Ashford Hospitality Trust, Inc. (NYSE:AHT). HG Vora has recently increased its stake by 3.65 million shares taking its investment to a total of 5.0 million shares, which account for 6.2% of the company’s common stock.
Cliff Asness is also fond of Ashford Hospitality Trust, Inc. (NYSE:AHT). His fund, AQR Capital Management, has massively increased its stake in Ashford Hospitality. According to the fund’s latest 13F report, AQR now owns 2.36 million shares, up by 385% from the third quarter, valued at approximately $19.5 million. Hedge fund guru Jim Simons is also keeping an eye on Ashford Hospitality, with Renaissance Technologies holding 517,800 shares, worth approximately $4.3 million.
Ashford Hospitality Trust, Inc. (NYSE:AHT) is a real estate investment trust, managing properties in United States. The stock is traded at a forward Price to Earnings (P/E) ratio of 8.44 and pay a dividend of $0.4, which represents a yield of 3.7%. The company is expected to release 2013 fourth quarter financial results on February 27, while analysts estimate revenues of $212 million and earnings per share (EPS) of $0.23. Baird has recently upgraded the stock from Neutral to Outperform, but has lowered the price target from $14 to $12 per share.
Parag Vora is also very optimistic about Pinnacle Entertainment, Inc (NYSE:PNK). HG Vora has built a new position during the fourth quarter of 2013 and has reported in its latest 13F filing the ownership of 3.4 million shares valued at approximately $88.4 million. This position accounts for 20% of the fund’s stock portfolio. Another significant investment is the acquisition of 4.4 million shares of Northstar Realty Finance Corp. (NYSE:NRF) valued at a little over $59 million. This is also a new position initiated by Vora during the last quarter of 2013.