Ashford Hospitality Trust Receives Average Recommendation of “Hold” from Analysts (NYSE:AHT)
Shares of Ashford Hospitality Trust (NYSE:AHT) have received an average rating of “Hold” from the fifteen analysts that are currently covering the company, Stock Ratings Network reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $13.04.
A number of research firms have recently commented on AHT. Analysts at Zacks upgraded shares of Ashford Hospitality Trust from an “underperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $10.90 price target on the stock. Separately, analysts at JMP Securities initiated coverage on shares of Ashford Hospitality Trust in a research note on Wednesday, May 14th. They set a $19.00 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Ashford Hospitality Trust from $10.50 to $11.00 in a research note on Monday, May 12th.
Ashford Hospitality Trust (NYSE:AHT) traded up 0.74% during mid-day trading on Friday, hitting $10.93. The stock had a trading volume of 109,136 shares. Ashford Hospitality Trust has a 1-year low of $7.4161 and a 1-year high of $12.00. The stock has a 50-day moving average of $10.46 and a 200-day moving average of $9.74. The company’s market cap is $966.6 million.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, May 8th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down 15.7% on a year-over-year basis. Analysts expect that Ashford Hospitality Trust will post $1.04 EPS 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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