Ashford Hospitality Trust (AHT) – Research Analysts’ Weekly Ratings Updates

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Several analysts have recently updated their ratings and price targets for Ashford Hospitality Trust (NYSE: AHT):

  • 10/15/2019 – Ashford Hospitality Trust was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. “
  • 10/8/2019 – Ashford Hospitality Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. “
  • 10/7/2019 – Ashford Hospitality Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $3.50 price target on the stock. According to Zacks, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. “
  • 10/2/2019 – Ashford Hospitality Trust was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/25/2019 – Ashford Hospitality Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. “

Shares of AHT stock opened at $2.96 on Wednesday. The company has a market capitalization of $296.18 million, a PE ratio of 2.35 and a beta of 1.39. The company has a debt-to-equity ratio of 11.41, a quick ratio of 2.80 and a current ratio of 2.80. Ashford Hospitality Trust, Inc. has a 52-week low of $2.33 and a 52-week high of $5.89. The business’s fifty day moving average is $3.06 and its 200 day moving average is $3.66.

Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.27) EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.71). The firm had revenue of $415.15 million during the quarter, compared to the consensus estimate of $409.14 million. Ashford Hospitality Trust had a negative net margin of 9.28% and a negative return on equity of 32.31%. On average, sell-side analysts forecast that Ashford Hospitality Trust, Inc. will post 1.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.06 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.24 dividend on an annualized basis and a yield of 8.11%. Ashford Hospitality Trust’s dividend payout ratio is presently 19.05%.

In other news, insider Mark Nunneley bought 40,000 shares of Ashford Hospitality Trust stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of $2.38 per share, with a total value of $95,200.00. Following the completion of the purchase, the insider now directly owns 501,867 shares in the company, valued at $1,194,443.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 11.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new position in Ashford Hospitality Trust in the first quarter valued at about $456,000. Nordea Investment Management AB lifted its stake in Ashford Hospitality Trust by 3.3% in the first quarter. Nordea Investment Management AB now owns 757,105 shares of the real estate investment trust’s stock valued at $3,597,000 after buying an additional 24,500 shares during the period. Alpine Global Management LLC acquired a new position in Ashford Hospitality Trust in the second quarter valued at about $34,000. Nisa Investment Advisors LLC lifted its stake in Ashford Hospitality Trust by 94.9% in the second quarter. Nisa Investment Advisors LLC now owns 28,702 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 13,977 shares during the period. Finally, Campbell Capital Management Inc. acquired a new position in Ashford Hospitality Trust in the second quarter valued at about $163,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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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