Ashford Hospitality Trust Inc (NYSE:AHT)‘s stock had its “buy” rating restated by Cantor Fitzgerald in a report issued on Thursday. They presently have a $7.50 target price on the real estate investment trust’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 16.10% from the stock’s current price.

Several other research firms have also issued reports on AHT. ValuEngine upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a report on Wednesday. Canaccord Genuity reissued a “hold” rating and issued a $7.00 price target on shares of Ashford Hospitality Trust in a research report on Monday, June 26th. BidaskClub downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $7.46.

Shares of Ashford Hospitality Trust (NYSE AHT) traded up 0.853% during trading on Thursday, reaching $6.505. 302,355 shares of the company traded hands. The stock’s market capitalization is $633.78 million. Ashford Hospitality Trust has a 12 month low of $5.35 and a 12 month high of $8.23. The company has a 50-day moving average of $6.18 and a 200-day moving average of $6.25.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $390.70 million during the quarter, compared to the consensus estimate of $399.01 million. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. Analysts forecast that Ashford Hospitality Trust will post ($1.10) earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. raised its stake in Ashford Hospitality Trust by 4.8% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,974 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 2,200 shares during the period. Chicago Equity Partners LLC raised its stake in Ashford Hospitality Trust by 18.9% in the 2nd quarter. Chicago Equity Partners LLC now owns 553,437 shares of the real estate investment trust’s stock valued at $3,365,000 after acquiring an additional 87,957 shares during the period. Alliancebernstein L.P. raised its stake in Ashford Hospitality Trust by 4.8% in the 1st quarter. Alliancebernstein L.P. now owns 441,621 shares of the real estate investment trust’s stock valued at $2,813,000 after acquiring an additional 20,180 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Ashford Hospitality Trust in the 2nd quarter valued at about $116,000. Finally, Vanguard Group Inc. raised its stake in Ashford Hospitality Trust by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock valued at $104,909,000 after acquiring an additional 1,121,239 shares during the period. Institutional investors and hedge funds own 70.27% 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.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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