Ashford Hospitality Trust Inc (AHT) Given Average Rating of “Hold” by Brokerages
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.
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