Ashford Hospitality Trust (NYSE:AHT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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. “

AHT has been the subject of several other research reports. Cantor Fitzgerald reiterated a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a research note on Tuesday, October 3rd. Robert W. Baird reiterated a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a research note on Friday, November 10th. ValuEngine upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, B. Riley reiterated a “buy” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.42.

Ashford Hospitality Trust (AHT) traded down $0.07 during mid-day trading on Tuesday, hitting $6.69. The stock had a trading volume of 405,500 shares, compared to its average volume of 460,244. The company has a debt-to-equity ratio of 5.29, a current ratio of 3.94 and a quick ratio of 3.94. The company has a market cap of $660.48, a P/E ratio of -4.74, a price-to-earnings-growth ratio of 0.92 and a beta of 1.47. Ashford Hospitality Trust has a 12 month low of $5.68 and a 12 month high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $353.33 million for the quarter, compared to the consensus estimate of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. analysts predict that Ashford Hospitality Trust will post 1.37 EPS for the current fiscal year.

Ashford Hospitality Trust announced that its Board of Directors has initiated a share repurchase program on Monday, December 11th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in Ashford Hospitality Trust by 80.5% during the 3rd quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 9,060 shares in the last quarter. Schroder Investment Management Group purchased a new stake in Ashford Hospitality Trust during the 3rd quarter worth about $156,000. Verition Fund Management LLC purchased a new stake in Ashford Hospitality Trust during the 2nd quarter worth about $148,000. WFG Advisors LP lifted its holdings in Ashford Hospitality Trust by 20.1% during the 2nd quarter. WFG Advisors LP now owns 31,230 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 5,230 shares in the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in Ashford Hospitality Trust during the 2nd quarter worth about $194,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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Ashford Hospitality Trust Company Profile

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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