Ashford Hospitality Trust, Inc. (NYSE:AHT) has been assigned a $8.00 target price by research analysts at Cantor Fitzgerald in a report issued on Thursday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 30.29% from the company’s current price.

AHT has been the subject of several other reports. DA Davidson assumed coverage on shares of Ashford Hospitality Trust in a report on Wednesday, March 22nd. They set a “buy” rating and a $8.00 target price for the company. FBR & Co upgraded shares of Ashford Hospitality Trust from a “market perform” rating to an “outperform” rating and set a $8.00 price target for the company in a report on Monday, February 27th. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Monday, March 6th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a report on Monday, May 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ashford Hospitality Trust has an average rating of “Hold” and an average price target of $7.18.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

Ashford Hospitality Trust (NYSE:AHT) traded up 3.26% on Thursday, reaching $6.34. 803,585 shares of the company’s stock were exchanged. The company’s market capitalization is $617.76 million. The firm has a 50-day moving average price of $6.28 and a 200-day moving average price of $6.84. Ashford Hospitality Trust has a 1-year low of $4.79 and a 1-year high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, May 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Ashford Hospitality Trust had a negative net margin of 1.42% and a negative return on equity of 2.73%. The firm had revenue of $353.70 million during the quarter, compared to the consensus estimate of $350.47 million. During the same period last year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities research analysts expect that Ashford Hospitality Trust will post ($0.96) earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its stake in Ashford Hospitality Trust by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,028 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 100 shares in the last quarter. Princeton Alpha Management LP raised its stake in Ashford Hospitality Trust by 1.8% in the first quarter. Princeton Alpha Management LP now owns 25,746 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 454 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Ashford Hospitality Trust by 2.7% in the first quarter. BNP Paribas Arbitrage SA now owns 42,940 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 1,121 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Ashford Hospitality Trust by 4.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,974 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 2,200 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in Ashford Hospitality Trust by 0.5% in the first quarter. Nationwide Fund Advisors now owns 476,446 shares of the real estate investment trust’s stock worth $3,035,000 after buying an additional 2,479 shares in the last quarter. Institutional investors own 71.57% of the company’s stock.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.

5 Day Chart for NYSE:AHT

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