Ashford Hospitality Trust Rating Increased to Outperform at Robert W. Baird (AHT)
Ashford Hospitality Trust (NYSE:AHT) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $12.00 price objective on the stock, down from their previous price objective of $14.00. Robert W. Baird’s price target would suggest a potential upside of 13.85% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Ashford Hospitality Trust from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 5th. They now have a $8.70 price target on the stock. Separately, analysts at Craig Hallum upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.17.
Shares of Ashford Hospitality Trust (NYSE:AHT) traded up 8.88% during mid-day trading on Wednesday, hitting $10.54. 1,195,972 shares of the company’s stock traded hands. Ashford Hospitality Trust has a one year low of $7.4161 and a one year high of $10.63. The stock’s 50-day moving average is $8.89 and its 200-day moving average is $8.44. The company’s market cap is $849.2 million.
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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