Ashford Hospitality Trust, Inc. (AHT) Given Consensus Recommendation of “Hold” by Brokerages

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 (AHT) opened at $6.58 on Friday. The firm has a market capitalization of $641.00, a P/E ratio of -4.67, a PEG ratio of 0.93 and a beta of 1.47. Ashford Hospitality Trust has a twelve month low of $5.68 and a twelve month high of $8.23. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 5.29.

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.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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