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

Ashford Hospitality Trust, Inc. (NYSE:AHT) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $7.58.

A number of equities analysts have recently commented on AHT shares. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. B. Riley reissued a “buy” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Robert W. Baird reissued a “hold” rating and issued a $7.00 price target on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. ValuEngine lowered shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Deutsche Bank dropped their price target on shares of Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday.

Several large investors have recently added to or reduced their stakes in the company. 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 acquiring an additional 674 shares during the period. The Manufacturers Life Insurance Company increased its position in Ashford Hospitality Trust by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 66,243 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 4,434 shares during the period. Voya Investment Management LLC increased its position in Ashford Hospitality Trust by 13.4% during the second quarter. Voya Investment Management LLC now owns 39,960 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 4,716 shares during the period. WFG Advisors LP increased its position in Ashford Hospitality Trust by 20.1% during the second quarter. WFG Advisors LP now owns 31,230 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 5,230 shares during the period. Finally, California Public Employees Retirement System increased its position in Ashford Hospitality Trust by 1.7% during the third quarter. California Public Employees Retirement System now owns 541,395 shares of the real estate investment trust’s stock worth $3,611,000 after acquiring an additional 8,951 shares during the period. 71.42% of the stock is currently owned by institutional investors.

Ashford Hospitality Trust (NYSE:AHT) opened at $5.69 on Tuesday. Ashford Hospitality Trust has a 52-week low of $5.42 and a 52-week high of $7.90. The firm has a market cap of $529.94, a P/E ratio of -4.04, a P/E/G ratio of 0.81 and a beta of 1.32. 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 declared that its board has approved a share buyback plan on Monday, December 11th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date was Thursday, December 28th. Ashford Hospitality Trust’s dividend payout ratio is -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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