Shares of Ashford Hospitality Trust Inc (NYSE:AHT) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.46.

AHT has been the topic of a number of research analyst reports. ValuEngine cut Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Canaccord Genuity reissued a “hold” rating and issued a $7.00 price target on shares of Ashford Hospitality Trust in a report on Monday, June 26th. BidaskClub cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Cantor Fitzgerald lowered their price target on Ashford Hospitality Trust from $8.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, August 11th.

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Shares of Ashford Hospitality Trust (AHT) opened at 6.48 on Friday. Ashford Hospitality Trust has a 52 week low of $5.35 and a 52 week high of $8.23. The company has a 50-day moving average of $6.18 and a 200-day moving average of $6.25. The stock’s market capitalization is $631.35 million.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. The business had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $399.01 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, analysts anticipate that Ashford Hospitality Trust will post ($1.10) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.48 annualized dividend and a dividend yield of 7.41%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -35.82%.

Institutional investors and hedge funds have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Ashford Hospitality Trust by 4.8% during the 1st 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 acquiring an additional 2,200 shares in the last quarter. Chicago Equity Partners LLC raised its holdings in shares of Ashford Hospitality Trust by 18.9% during the 2nd quarter. Chicago Equity Partners LLC now owns 553,437 shares of the real estate investment trust’s stock worth $3,365,000 after acquiring an additional 87,957 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Ashford Hospitality Trust by 4.8% during the 1st quarter. Alliancebernstein L.P. now owns 441,621 shares of the real estate investment trust’s stock worth $2,813,000 after acquiring an additional 20,180 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Ashford Hospitality Trust during the 2nd quarter worth approximately $116,000. Finally, Vanguard Group Inc. raised its holdings in shares of Ashford Hospitality Trust by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock worth $104,909,000 after acquiring an additional 1,121,239 shares in the last quarter. 70.27% of the stock is currently owned by institutional investors and hedge funds.

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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