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R. F. Lafferty increased their target price on shares of Ashford Hospitality Trust (NYSE:AHT) from $12.40 to $14.60 in a research note issued on Monday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. R. F. Lafferty’s price objective points to a potential upside of 36.96% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets cut their price target on shares of Ashford Hospitality Trust from $13.00 to $12.00 in a research note on Wednesday, April 23rd. Separately, analysts at Deutsche Bank initiated coverage on shares of Ashford Hospitality Trust in a research note on Monday, April 21st. They set a “buy” rating on the stock. Finally, analysts at JMP Securities upgraded shares of Ashford Hospitality Trust from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.30.

Ashford Hospitality Trust (NYSE:AHT) traded up 1.91% during mid-day trading on Monday, hitting $10.66. The stock had a trading volume of 1,166,462 shares. Ashford Hospitality Trust has a one year low of $7.4161 and a one year high of $12.00. The stock has a 50-day moving average of $10.6 and a 200-day moving average of $9.48. The company’s market cap is $862.8 million.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.03. The company had revenue of $195.59 million for the quarter, compared to the consensus estimate of $194.80 million. During the same quarter last year, the company posted $0.35 earnings per share. Ashford Hospitality Trust’s revenue was down 15.7% compared to the same quarter last year. On average, analysts predict that Ashford Hospitality Trust will post $1.06 earnings per share for the current fiscal year.

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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