Stocks: Ashford Hospitality Trust, Inc. (AHT) Given Consensus Rating of “Hold” by Brokerages

Stocks: Ashford Hospitality Trust, Inc. (AHT) Given Consensus Rating of “Hold” by Brokerages

Ashford Hospitality Trust, Inc. (NYSE:AHT) has earned an average rating of “Hold” from the nine brokerages that are currently covering the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.18.

Several equities analysts recently issued reports on AHT shares. FBR & Co set a $8.00 target price on Ashford Hospitality Trust and gave the company a “buy” rating in a research report on Saturday, April 8th. DA Davidson started coverage on Ashford Hospitality Trust in a research report on Wednesday, March 22nd. They issued a “buy” rating and a $8.00 target price on the stock. Canaccord Genuity reissued a “hold” rating and issued a $7.00 target price on shares of Ashford Hospitality Trust in a research report on Monday. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 22nd. Finally, Cantor Fitzgerald reissued an “outperform” rating and issued a $8.00 target price on shares of Ashford Hospitality Trust in a research report on Tuesday, February 28th.

A number of large investors have recently made changes to their positions in AHT. Diligent Investors LLC bought a new stake in shares of Ashford Hospitality Trust during the fourth quarter valued at $127,000. Utah Retirement Systems increased its stake in shares of Ashford Hospitality Trust by 38.8% in the first quarter. Utah Retirement Systems now owns 17,900 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Ashford Hospitality Trust by 43.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,942 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,442 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Ashford Hospitality Trust by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,028 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 100 shares in the last quarter. Finally, Princeton Alpha Management LP increased its stake in shares of Ashford Hospitality Trust by 1.8% in the first quarter. Princeton Alpha Management LP now owns 25,746 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 454 shares in the last quarter. 71.57% of the stock is currently owned by institutional investors.

Shares of Ashford Hospitality Trust (NYSE:AHT) opened at 6.10 on Friday. The firm has a 50 day moving average price of $6.27 and a 200-day moving average price of $6.85. Ashford Hospitality Trust has a 12-month low of $4.79 and a 12-month high of $8.23. The company’s market cap is $591.82 million.

Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, May 4th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. Ashford Hospitality Trust had a negative return on equity of 2.73% and a negative net margin of 1.42%. The firm had revenue of $353.70 million for the quarter, compared to the consensus estimate of $350.47 million. During the same period in the prior year, the firm earned $0.36 EPS. The firm’s revenue was down 3.8% on a year-over-year basis. On average, equities analysts expect that Ashford Hospitality Trust will post ($0.88) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.79%. The ex-dividend date of this dividend was Wednesday, March 29th. Ashford Hospitality Trust’s dividend payout ratio is currently -71.64%.

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.

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