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.
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.
Receive News & Ratings for Ashford Hospitality Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust Inc and related companies with our FREE daily email newsletter.