Shares of Ashford Hospitality Trust Inc (NYSE:AHT) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.46.
A number of equities analysts recently commented on AHT shares. Canaccord Genuity reiterated a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a report on Monday, June 26th. Zacks Investment Research upgraded Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Cantor Fitzgerald set a $8.00 price target on Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Thursday, May 18th. ValuEngine cut Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, BidaskClub cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
Ashford Hospitality Trust (AHT) traded up 0.50% on Friday, reaching $5.99. The company’s stock had a trading volume of 639,031 shares. Ashford Hospitality Trust has a 52-week low of $5.35 and a 52-week high of $8.23. The firm has a 50-day moving average price of $6.20 and a 200 day moving average price of $6.50. The firm’s market capitalization is $583.61 million.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by $0.03. Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. The business had revenue of $390.70 million for the quarter, compared to the consensus estimate of $399.01 million. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities analysts anticipate that Ashford Hospitality Trust will post ($1.00) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a $0.12 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.01%. Ashford Hospitality Trust’s payout ratio is -35.82%.
Several large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in Ashford Hospitality Trust during the fourth quarter worth $1,436,000. State Street Corp increased its stake in Ashford Hospitality Trust by 3.1% in the fourth quarter. State Street Corp now owns 2,936,916 shares of the real estate investment trust’s stock worth $22,789,000 after buying an additional 87,169 shares during the last quarter. AQR Capital Management LLC increased its stake in Ashford Hospitality Trust by 8.1% in the fourth quarter. AQR Capital Management LLC now owns 229,963 shares of the real estate investment trust’s stock worth $1,785,000 after buying an additional 17,237 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Ashford Hospitality Trust by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,028 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 100 shares during the last quarter. Finally, Norges Bank acquired a new stake in Ashford Hospitality Trust during the fourth quarter worth $7,308,000. Institutional investors own 72.09% of the company’s stock.
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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