Ashford Hospitality Trust Rating Lowered to Underperform at Zacks (AHT)
Ashford Hospitality Trust (NYSE:AHT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Wednesday, Analyst Ratings Net reports. They currently have a $8.70 target price on the stock. Zacks‘ price objective suggests a potential downside of 4.92% from the company’s current price.
Shares of Ashford Hospitality Trust (NYSE:AHT) traded down 2.51% on Wednesday, hitting $8.92. The stock had a trading volume of 275,715 shares. Ashford Hospitality Trust has a 52-week low of $7.4161 and a 52-week high of $9.62. The stock has a 50-day moving average of $8.57 and a 200-day moving average of $8.33. The company’s market cap is $718.6 million.
AHT has been the subject of a number of other recent research reports. Analysts at Craig Hallum upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 29th. Separately, analysts at MLV Capital cut their price target on shares of Ashford Hospitality Trust from $16.00 to $11.00 in a research note to investors on Tuesday, December 3rd. They now have a “buy” rating on the stock. Finally, analysts at TheStreet downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Ashford Hospitality Trust has an average rating of “Hold” and a consensus price target of $12.53.
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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