Ashford Hospitality Trust Inc (NYSE:AHT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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 research firms also recently weighed in on AHT. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Ashford Hospitality Trust in a research note on Tuesday, October 3rd. BidaskClub downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, ValuEngine raised Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Ashford Hospitality Trust has a consensus rating of “Hold” and an average price target of $7.50.

Shares of Ashford Hospitality Trust (NYSE:AHT) traded up 1.88% during mid-day trading on Tuesday, hitting $7.03. The company had a trading volume of 551,379 shares. Ashford Hospitality Trust has a 12 month low of $5.35 and a 12 month high of $8.23. The firm has a 50-day moving average price of $6.75 and a 200 day moving average price of $6.38. The firm’s market capitalization is $684.93 million.

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

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A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its position in Ashford Hospitality Trust by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 170,329 shares of the real estate investment trust’s stock worth $1,036,000 after buying an additional 674 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Ashford Hospitality Trust by 2.9% during the second quarter. BNP Paribas Arbitrage SA now owns 44,198 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 1,258 shares in the last quarter. Eqis Capital Management Inc. increased its position in Ashford Hospitality Trust by 5.8% during the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 1,481 shares in the last quarter. Ironwood Investment Management LLC increased its position in Ashford Hospitality Trust by 1.1% during the second quarter. Ironwood Investment Management LLC now owns 239,550 shares of the real estate investment trust’s stock worth $1,456,000 after buying an additional 2,500 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in Ashford Hospitality Trust by 5.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 60,696 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 2,989 shares in the last quarter. 70.33% of the stock is owned by 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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