Ashford Hospitality Trust Inc (AHT) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird reissued their hold rating on shares of Ashford Hospitality Trust Inc (NYSE:AHT) in a research note published on Friday morning. They currently have a $7.00 target price on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on AHT. B. Riley reaffirmed a buy rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Zacks Investment Research cut Ashford Hospitality Trust from a buy rating to a hold rating in a research report on Wednesday, November 8th. Cantor Fitzgerald reaffirmed a buy rating and set a $7.50 target price on shares of Ashford Hospitality Trust in a research report on Tuesday, October 3rd. ValuEngine cut Ashford Hospitality Trust from a strong-buy rating to a buy rating in a research report on Monday, August 7th. Finally, BidaskClub cut Ashford Hospitality Trust from a hold rating to a sell rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Ashford Hospitality Trust presently has an average rating of Hold and an average price target of $7.42.

Ashford Hospitality Trust (AHT) opened at $6.29 on Friday. The stock has a market capitalization of $614.70, a P/E ratio of 4.85, a P/E/G ratio of 0.92 and a beta of 1.53. 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 1 year low of $5.68 and a 1 year high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) 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 analysts’ expectations of $360.10 million. Ashford Hospitality Trust had a negative net margin of 5.61% and a negative return on equity of 10.79%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. research analysts forecast that Ashford Hospitality Trust will post 1.38 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were given a $0.12 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.48 annualized dividend and a yield of 7.63%. Ashford Hospitality Trust’s dividend payout ratio is currently -35.04%.

Hedge funds have recently bought and sold shares of the business. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Ashford Hospitality Trust in the second quarter worth $116,000. SG Americas Securities LLC boosted its position in Ashford Hospitality Trust by 80.5% in the third quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 9,060 shares during the last quarter. Schroder Investment Management Group purchased a new position in Ashford Hospitality Trust in the third quarter worth $156,000. Verition Fund Management LLC purchased a new position in Ashford Hospitality Trust in the second quarter worth $148,000. Finally, Eqis Capital Management Inc. boosted its position in Ashford Hospitality Trust by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 1,481 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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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