Ashford Hospitality Trust Inc (NYSE:AHT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. “

Several other equities analysts also recently commented on AHT. DA Davidson started coverage on shares of Ashford Hospitality Trust in a research note on Wednesday, March 22nd. They issued a “buy” rating and a $8.00 price objective for the company. FBR & Co set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Saturday, April 8th. Canaccord Genuity reissued a “hold” rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a research note on Monday, May 8th. Cantor Fitzgerald set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Thursday, May 18th. Finally, ValuEngine downgraded shares of Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Ashford Hospitality Trust presently has an average rating of “Hold” and an average price target of $7.18.

Ashford Hospitality Trust (NYSE AHT) traded up 2.20% on Tuesday, reaching $6.04. 521,849 shares of the company traded hands. The company’s market capitalization is $588.53 million. Ashford Hospitality Trust has a 52-week low of $5.35 and a 52-week high of $8.23. The stock has a 50-day moving average of $6.32 and a 200 day moving average of $6.81.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. The business had revenue of $353.70 million during the quarter, compared to the consensus estimate of $350.47 million. Ashford Hospitality Trust had a negative net margin of 3.96% and a negative return on equity of 7.58%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. On average, equities analysts forecast that Ashford Hospitality Trust will post ($0.96) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.95%. The ex-dividend date is Wednesday, June 28th. Ashford Hospitality Trust’s payout ratio is currently -43.64%.

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Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Ashford Hospitality Trust by 7.3% in the first quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock valued at $104,909,000 after buying an additional 1,121,239 shares during the last quarter. State Street Corp increased its position in Ashford Hospitality Trust by 3.1% in the fourth quarter. State Street Corp now owns 2,936,916 shares of the real estate investment trust’s stock valued at $22,789,000 after buying an additional 87,169 shares during the last quarter. Prudential Financial Inc. increased its position in Ashford Hospitality Trust by 0.6% in the first quarter. Prudential Financial Inc. now owns 2,487,927 shares of the real estate investment trust’s stock valued at $15,848,000 after buying an additional 13,749 shares during the last quarter. Renaissance Technologies LLC increased its position in Ashford Hospitality Trust by 15.2% in the first quarter. Renaissance Technologies LLC now owns 2,135,900 shares of the real estate investment trust’s stock valued at $13,606,000 after buying an additional 282,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Ashford Hospitality Trust by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,536,603 shares of the real estate investment trust’s stock valued at $9,788,000 after buying an additional 68,871 shares during the last quarter. 72.41% of the stock is owned by hedge funds and other institutional investors.

About Ashford Hospitality Trust

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.

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Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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