Ashford Hospitality Trust (AHT) Downgraded by Zacks Investment Research

Ashford Hospitality Trust (NYSE:AHT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday, January 8th.

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. “

Several other analysts have also recently commented on AHT. ValuEngine upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a research note on Thursday, September 14th. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a research note on Friday, November 10th. Finally, B. Riley reissued a “buy” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Ashford Hospitality Trust has a consensus rating of “Hold” and an average price target of $7.42.

Shares of Ashford Hospitality Trust (AHT) traded down $0.07 during trading on Monday, hitting $6.69. The stock had a trading volume of 405,500 shares, compared to its average volume of 460,244. The firm has a market cap of $651.71, a price-to-earnings ratio of -4.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.51. 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 has a fifty-two week low of $5.68 and a fifty-two week high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The business 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 firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. equities research analysts predict that Ashford Hospitality Trust will post 1.37 EPS for the current year.

Ashford Hospitality Trust announced that its board has authorized a stock buyback program on Monday, December 11th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently made changes to their positions in AHT. SG Americas Securities LLC increased its stake in shares of Ashford Hospitality Trust by 80.5% in the 3rd quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 9,060 shares during the last quarter. Schroder Investment Management Group bought a new stake in Ashford Hospitality Trust during the 3rd quarter worth $156,000. Verition Fund Management LLC bought a new stake in Ashford Hospitality Trust during the 2nd quarter worth $148,000. WFG Advisors LP grew its position 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 acquiring an additional 5,230 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in Ashford Hospitality Trust during the 2nd quarter worth $194,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

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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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