Forward Management’s ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E AHT.PRE Stock Holding History

Forward Management’s Portfolio AHT.PRE Stock Details AHT.PRE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-226,288	Closed	-$5.41M	–	259
2016 Q1	$5.41M	Sell	226,288 -176,299	-44%	-$4.19M	0.44%	32
2015 Q4	$10.2M	Sell	402,587 -107,448	-21%	-$2.75M	0.86%	26
2015 Q3	$13.1M	Sell	510,035 -86,828	-15%	-$2.28M	1.06%	23
2015 Q2	$15.7M	Sell	596,863 -1,548	-0.3%	-$41.1K	0.97%	24
2015 Q1	$15.9M	Sell	598,411 -40,000	-6%	-$1.07M	0.95%	26
2014 Q4	$16.9M	Sell	638,411 -44,589	-7%	-$1.2M	0.92%	20
2014 Q3	$18.5M	Hold	683,000	–	–	1.11%	21
2014 Q2	$18.8M	Hold	683,000	–	–	1.09%	19
2014 Q1	$18.4M	Hold	683,000	–	–	1.05%	19
2013 Q4	$18.1M	Hold	683,000	–	–	1.1%	20
2013 Q3	$17.7M	Hold	683,000	–	–	1.15%	21
2013 Q2	$18M	Buy	+683,000	New	+$18.9M	1.48%	21

Other funds holding AHT.PRE

Cohen & Steers New York $57.6B AUM 8.03% 1-Year Est. Return

SCRM

Security Capital Research & Management Chicago, Illinois $2.36B AUM 5.25% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

LFFS

La Francaise Forum Securities Old Greenwich, Connecticut $22.9M AUM 5.85% 1-Year Est. Return

OAM

Orinda Asset Management Lafayette, California $48.7M AUM 26.85% 1-Year Est. Return

NIMC

NWQ Investment Management Company Los Angeles, California $2.22B AUM 6.84% 1-Year Est. Return

Daiwa Securities Group Tokyo, Japan $51.1B AUM 35.55% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

RMR Advisors Newton, Massachusetts $194M AUM 15.16% 1-Year Est. Return

Forward Management's AHT.PRE Position: Q2 2016 in Review

Forward Management sold out of ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E (AHT.PRE) in Q2 2016, closing a stake of 226,288 shares — an estimated $5.41M sold.

Forward Management first reported a position in AHT.PRE in Q2 2013 and held it in 12 quarters. The position peaked at $18.8M in Q2 2014. 33 funds tracked by Wall St. Rank hold AHT.PRE as of Q2 2016.

Forward Management reported no remaining ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E position as of Q2 2016 after selling out during the quarter.
Forward Management sold 226,288 ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E shares in Q2 2016, an estimated $5.41M.
Forward Management first reported a position in ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E in Q2 2013 and held it in 12 quarters.
Forward Management's ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E position peaked at $18.8M in Q2 2014.
33 funds tracked by Wall St. Rank held ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E as of Q2 2016.

Based on Forward Management's 13F filing for Q2 2016, filed 3 Aug 2016.