Ashford Hospitality Trust Inc (AHT) Given Average Rating of “Hold” by Brokerages

Shares of Ashford Hospitality Trust Inc (NYSE:AHT) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $7.50.

Several research firms recently weighed in on AHT. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Tuesday. Cantor Fitzgerald restated a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. BidaskClub downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Canaccord Genuity restated a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a research report on Monday, June 26th.

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A number of hedge funds have recently added to or reduced their stakes in AHT. Vanguard Group Inc. raised its holdings in Ashford Hospitality Trust by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock valued at $104,909,000 after acquiring an additional 1,121,239 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Ashford Hospitality Trust by 30.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,301,506 shares of the real estate investment trust’s stock valued at $7,914,000 after acquiring an additional 302,950 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Ashford Hospitality Trust by 15.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,135,900 shares of the real estate investment trust’s stock valued at $13,606,000 after acquiring an additional 282,600 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Ashford Hospitality Trust by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 402,558 shares of the real estate investment trust’s stock valued at $2,565,000 after acquiring an additional 210,619 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in Ashford Hospitality Trust by 60.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 548,216 shares of the real estate investment trust’s stock valued at $3,333,000 after acquiring an additional 206,068 shares during the last quarter. Institutional investors own 70.24% of the company’s stock.

Shares of Ashford Hospitality Trust (AHT) opened at 6.91 on Wednesday. The firm’s 50-day moving average price is $6.44 and its 200 day moving average price is $6.30. The stock’s market capitalization is $673.24 million. Ashford Hospitality Trust has a 52 week low of $5.35 and a 52 week high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. The company had revenue of $390.70 million for the quarter, compared to analyst estimates of $399.01 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts expect that Ashford Hospitality Trust will post ($1.10) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.48 dividend on an annualized basis and a yield of 6.95%. Ashford Hospitality Trust’s payout ratio is -35.82%.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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