Press coverage about Ashford Hospitality Trust (NYSE:AHT) has been trending positive on Friday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ashford Hospitality Trust earned a news impact score of 0.27 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.5217561656402 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Ashford Trust Declares Dividends For First Quarter Of 2018 (finance.yahoo.com)
- Ashford Announces Senior Management Promotions (finance.yahoo.com)
- Ashford Hospitality Trust, Inc. (AHT) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Ashford Hospitality Trust, Inc. (AHT) predicted Earnings Growth of -33.90% for next year – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of equities analysts recently weighed in on AHT shares. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Deutsche Bank reduced their target price on Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, February 9th. ValuEngine raised Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. B. Riley set a $8.00 price target on Ashford Hospitality Trust and gave the stock a “buy” rating in a research note on Friday, March 2nd. Finally, Cantor Fitzgerald set a $8.00 price target on Ashford Hospitality Trust and gave the stock a “buy” rating in a research note on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.63.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.71). The business had revenue of $341.57 million during the quarter, compared to analysts’ expectations of $334.44 million. Ashford Hospitality Trust had a negative net margin of 4.44% and a negative return on equity of 8.70%. equities analysts expect that Ashford Hospitality Trust will post 1.37 earnings per share for the current fiscal year.
Ashford Hospitality Trust announced that its board has approved a stock repurchase plan on Monday, December 11th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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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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