Ashford Hospitality Trust Price Target Increased to $14.50 by Analysts at Cantor Fitzgerald (AHT)
Research analysts at Cantor Fitzgerald upped their price objective on shares of Ashford Hospitality Trust (NYSE:AHT) from $13.50 to $14.50 in a report released on Monday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s price target points to a potential upside of 12.32% from the stock’s previous close.
Shares of Ashford Hospitality Trust (NYSE:AHT) traded down 1.15% during mid-day trading on Monday, hitting $12.91. 641,459 shares of the company’s stock traded hands. Ashford Hospitality Trust has a 1-year low of $8.21 and a 1-year high of $14.26. The stock has a 50-day moving average of $12.75 and a 200-day moving average of $12.43. The company’s market cap is $1.040 billion.
Ashford Hospitality Trust (NYSE:AHT) last released its earnings data on Thursday, October 24th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.11. The company had revenue of $242.02 million for the quarter, compared to the consensus estimate of $243.89 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that Ashford Hospitality Trust will post $1.44 earnings per share for the current fiscal year.
AHT has been the subject of a number of other recent research reports. Analysts at Morgan Stanley initiated coverage on shares of Ashford Hospitality Trust in a research note to investors on Thursday, October 10th. They set an “equal weight” rating and a $14.00 price target on the stock. Separately, 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 Bank of America Corp. initiated coverage on shares of Ashford Hospitality Trust in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $14.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $13.32.
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.
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