Shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) have received an average rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $7.50.
Several research analysts have recently weighed in on AHT shares. Cantor Fitzgerald restated a “buy” rating and set a $7.50 target price on shares of Ashford Hospitality Trust in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a report on Tuesday, October 10th. B. Riley reiterated a “buy” rating on shares of Ashford Hospitality Trust in a report on Wednesday, November 1st. Robert W. Baird reiterated a “hold” rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a report on Friday, November 10th. Finally, ValuEngine cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Ashford Hospitality Trust by 3.3% in the second quarter. Vanguard Group Inc. now owns 17,010,778 shares of the real estate investment trust’s stock valued at $103,426,000 after acquiring an additional 541,526 shares during the last quarter. State Street Corp lifted its holdings in Ashford Hospitality Trust by 1.9% in the second quarter. State Street Corp now owns 2,821,019 shares of the real estate investment trust’s stock valued at $17,152,000 after acquiring an additional 53,797 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Ashford Hospitality Trust by 5.9% in the second quarter. Renaissance Technologies LLC now owns 2,262,000 shares of the real estate investment trust’s stock valued at $13,753,000 after acquiring an additional 126,100 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Ashford Hospitality Trust by 12.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,639,999 shares of the real estate investment trust’s stock valued at $11,038,000 after acquiring an additional 176,995 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Ashford Hospitality Trust by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,552,321 shares of the real estate investment trust’s stock valued at $10,354,000 after acquiring an additional 25,573 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.
Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The company had revenue of $353.33 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. research analysts predict that Ashford Hospitality Trust will post 1.37 earnings per share for the current year.
Ashford Hospitality Trust declared that its board has approved a share repurchase plan on Monday, December 11th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date of this dividend was Thursday, December 28th. Ashford Hospitality Trust’s dividend payout ratio is presently -34.04%.
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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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