Ashford Hospitality Trust Now Covered by Analysts at Morgan Stanley (AHT)
Morgan Stanley initiated coverage on shares of Ashford Hospitality Trust (NYSE:AHT) in a research note issued on Thursday, StockRatingsNetwork.com reports. The firm set an “equal weight” rating and a $14.00 price target on the stock. Morgan Stanley’s price target points to a potential upside of 14.85% from the company’s current price.
The analysts wrote, “We rate LHO Underweight with a $28 price target, roughly inline with its current stock price. Although LHO has a high quality, urban-centric portfolio, we think several risks present overhangs to 2014 consensus numbers and stock price appreciation, including: 1) Highest exposure to the weak DC market; 2) Slower than expected renovation benefits given lack of brand distribution and significant new supply risk in NY area; and 3) high relative multiple.”
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. upgraded shares of Ashford Hospitality Trust from an “underperform” rating to a “buy” rating in a research note to investors on Friday, September 13th. Finally, analysts at Zacks upgraded shares of Ashford Hospitality Trust from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $12.20 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.02.
Shares of Ashford Hospitality Trust (NYSE:AHT) traded up 2.46% during mid-day trading on Thursday, hitting $12.49. The stock had a trading volume of 56,929 shares. Ashford Hospitality Trust has a 52 week low of $8.02 and a 52 week high of $14.26. The stock’s 50-day moving average is $12.16 and its 200-day moving average is $12.33. The company’s market cap is $1.006 billion.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.04. The company had revenue of $258.54 million for the quarter, compared to the consensus estimate of $261.96 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts expect that Ashford Hospitality Trust will post $1.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, September 26th.
Ashford Hospitality Trust, Inc, (NYSE:AHT) together with its subsidiaries, is a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.