Ashford Hospitality Trust, Inc. (NYSE:AHT) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $8.00.
AHT has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. B. Riley upped their target price on shares of Ashford Hospitality Trust from $7.50 to $8.00 and gave the company a “buy” rating in a report on Monday, August 6th. ValuEngine lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Finally, Robert W. Baird upped their target price on shares of Ashford Hospitality Trust from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Wednesday, June 27th.
In other Ashford Hospitality Trust news, Director Alan Tallis sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $8.42, for a total value of $168,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 40,900 shares of company stock worth $339,406. 18.20% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG raised its holdings in Ashford Hospitality Trust by 42.1% in the fourth quarter. Deutsche Bank AG now owns 247,595 shares of the real estate investment trust’s stock valued at $1,663,000 after buying an additional 73,385 shares during the period. Goldman Sachs Group Inc. raised its holdings in Ashford Hospitality Trust by 129.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 231,293 shares of the real estate investment trust’s stock valued at $1,557,000 after buying an additional 130,414 shares during the period. Geode Capital Management LLC raised its holdings in Ashford Hospitality Trust by 18.0% in the fourth quarter. Geode Capital Management LLC now owns 944,359 shares of the real estate investment trust’s stock valued at $6,355,000 after buying an additional 144,329 shares during the period. Global X Management Co. LLC raised its holdings in Ashford Hospitality Trust by 28.7% in the first quarter. Global X Management Co. LLC now owns 1,636,644 shares of the real estate investment trust’s stock valued at $10,573,000 after buying an additional 364,506 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in Ashford Hospitality Trust by 48.4% in the fourth quarter. Two Sigma Advisers LP now owns 77,300 shares of the real estate investment trust’s stock valued at $520,000 after buying an additional 25,200 shares during the period. Institutional investors and hedge funds own 72.52% of the company’s stock.
Ashford Hospitality Trust traded down $0.06, reaching $6.47, during trading hours on Tuesday, according to MarketBeat Ratings. The company’s stock had a trading volume of 417,767 shares, compared to its average volume of 422,074. The stock has a market cap of $644.09 million, a price-to-earnings ratio of 4.72, a PEG ratio of 1.17 and a beta of 1.30. Ashford Hospitality Trust has a fifty-two week low of $5.42 and a fifty-two week high of $8.66. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 6.36.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.25). The business had revenue of $389.16 million during the quarter, compared to analyst estimates of $390.19 million. Ashford Hospitality Trust had a negative net margin of 4.75% and a negative return on equity of 10.19%. research analysts expect that Ashford Hospitality Trust will post 1.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 16th. Shareholders of record on Friday, June 29th were issued a $0.12 dividend. The ex-dividend date was Thursday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 7.42%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is 35.04%.
About Ashford Hospitality Trust
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
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