Analysts Set Ashford Hospitality Trust Inc (AHT) Target Price at $7.54

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%.

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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.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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