Ashford Hospitality Trust Inc (AHT) Stock Rating Reaffirmed by Robert W. Baird

Ashford Hospitality Trust Inc (NYSE:AHT)‘s stock had its “hold” rating reissued by stock analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They presently have a $7.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price target would suggest a potential upside of 10.94% from the stock’s previous close.

Several other brokerages have also recently commented on AHT. Zacks Investment Research upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a report on Tuesday, October 10th. Cantor Fitzgerald restated a “buy” rating and set a $7.50 target price on shares of Ashford Hospitality Trust in a report on Tuesday, October 3rd. ValuEngine upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. BidaskClub cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, B. Riley restated a “buy” rating on shares of Ashford Hospitality Trust in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Ashford Hospitality Trust presently has a consensus rating of “Hold” and a consensus price target of $7.42.

Ashford Hospitality Trust (NYSE AHT) opened at $6.31 on Friday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 4.37 and a current ratio of 3.94. Ashford Hospitality Trust has a 12 month low of $5.68 and a 12 month high of $8.23. The stock has a market capitalization of $614.69, a price-to-earnings ratio of 4.85, a price-to-earnings-growth ratio of 0.92 and a beta of 1.53.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $353.33 million for the quarter, compared to analyst estimates of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. equities analysts anticipate that Ashford Hospitality Trust will post 1.38 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its holdings in Ashford Hospitality Trust by 0.4% in the second quarter. Public Employees Retirement System of Ohio now owns 170,329 shares of the real estate investment trust’s stock valued at $1,036,000 after acquiring an additional 674 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Ashford Hospitality Trust by 2.9% in the second quarter. BNP Paribas Arbitrage SA now owns 44,198 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 1,258 shares during the last quarter. Eqis Capital Management Inc. boosted its holdings in Ashford Hospitality Trust by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 1,481 shares during the last quarter. Ironwood Investment Management LLC boosted its holdings in Ashford Hospitality Trust by 1.1% in the second quarter. Ironwood Investment Management LLC now owns 239,550 shares of the real estate investment trust’s stock valued at $1,456,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Ashford Hospitality Trust by 5.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 60,696 shares of the real estate investment trust’s stock valued at $387,000 after acquiring an additional 2,989 shares during the last quarter. Institutional investors and hedge funds own 70.57% of the company’s stock.

About Ashford Hospitality Trust

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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