Ashford Hospitality Trust Inc (NYSE:AHT) Lowered to “Buy” at ValuEngine
Ashford Hospitality Trust Inc (NYSE:AHT) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
Several other equities analysts have also commented on AHT. Canaccord Genuity reiterated a “hold” rating and set a $7.00 price objective on shares of Ashford Hospitality Trust in a research report on Monday, June 26th. BidaskClub lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Cantor Fitzgerald set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.54.
Shares of Ashford Hospitality Trust (AHT) traded up 0.80% during midday trading on Monday, hitting $6.31. 333,343 shares of the stock traded hands. Ashford Hospitality Trust has a 52 week low of $5.35 and a 52 week high of $8.23. The firm’s market capitalization is $614.83 million. The company’s 50-day moving average is $6.28 and its 200 day moving average is $6.56.
Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.03. Ashford Hospitality Trust had a negative return on equity of 10.36% and a negative net margin of 5.43%. The company had revenue of $390.70 million for the quarter, compared to the consensus estimate of $399.01 million. During the same quarter in the prior year, the company posted $0.60 EPS. Ashford Hospitality Trust’s revenue was down 4.9% compared to the same quarter last year. Analysts anticipate that Ashford Hospitality Trust will post ($0.99) earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in AHT. Utah Retirement Systems increased its stake in Ashford Hospitality Trust by 38.8% in the first quarter. Utah Retirement Systems now owns 17,900 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 5,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Ashford Hospitality Trust by 43.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,942 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 5,442 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Ashford Hospitality Trust during the second quarter worth about $116,000. Princeton Portfolio Strategies Group LLC bought a new stake in Ashford Hospitality Trust during the first quarter worth about $127,000. Finally, Thrivent Financial for Lutherans increased 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. Institutional investors and hedge funds own 72.09% of the company’s stock.
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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