Ashford Hospitality Trust (AHT) Rating Increased to Sell at ValuEngine

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Ashford Hospitality Trust (NYSE:AHT) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Friday.

A number of other research firms have also commented on AHT. Deutsche Bank set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Friday, December 7th. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, December 4th. B. Riley reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Ashford Hospitality Trust in a research note on Monday, November 5th. Finally, Robert W. Baird reduced their price objective on shares of Ashford Hospitality Trust from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Ashford Hospitality Trust has a consensus rating of “Hold” and a consensus price target of $7.75.

NYSE:AHT opened at $5.12 on Friday. The company has a debt-to-equity ratio of 7.79, a quick ratio of 3.67 and a current ratio of 3.67. Ashford Hospitality Trust has a 52 week low of $3.85 and a 52 week high of $8.66. The firm has a market capitalization of $538.53 million, a PE ratio of 3.74, a PEG ratio of 1.06 and a beta of 1.73.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Ashford Hospitality Trust by 6.4% during the fourth quarter. BlackRock Inc. now owns 9,006,331 shares of the real estate investment trust’s stock worth $36,026,000 after acquiring an additional 544,053 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Ashford Hospitality Trust by 13.7% during the third quarter. Renaissance Technologies LLC now owns 6,476,275 shares of the real estate investment trust’s stock worth $41,383,000 after acquiring an additional 780,347 shares in the last quarter. LSV Asset Management boosted its stake in Ashford Hospitality Trust by 25.1% during the third quarter. LSV Asset Management now owns 3,330,913 shares of the real estate investment trust’s stock worth $21,284,000 after acquiring an additional 667,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Ashford Hospitality Trust during the third quarter worth $10,955,000. Finally, Dimensional Fund Advisors LP boosted its stake in Ashford Hospitality Trust by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,661,098 shares of the real estate investment trust’s stock worth $10,614,000 after acquiring an additional 11,008 shares in the last quarter. 73.83% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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