Ashford Hospitality Trust, Inc. (AHT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) have been given an average rating of “Hold” by the ten research firms that are covering the firm. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $7.25.

A number of analysts have recently weighed in on the stock. Canaccord Genuity reiterated a “hold” rating and issued a $7.00 price objective (up previously from $6.50) on shares of Ashford Hospitality Trust in a research note on Friday, December 23rd. FBR & Co lowered shares of Ashford Hospitality Trust from an “outperform” rating to a “market perform” rating and set a $8.00 price objective on the stock. in a research note on Wednesday, January 4th. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 9th. Robert W. Baird lowered shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $7.00 to $8.00 in a research note on Wednesday, January 11th. Finally, Cantor Fitzgerald reiterated an “outperform” rating and issued a $8.00 price objective on shares of Ashford Hospitality Trust in a research note on Tuesday, February 28th.

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Shares of Ashford Hospitality Trust (NYSE:AHT) opened at 5.85 on Tuesday. The company’s market capitalization is $565.85 million. Ashford Hospitality Trust has a one year low of $4.79 and a one year high of $8.23. The firm has a 50-day moving average of $6.82 and a 200-day moving average of $6.78.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, February 23rd. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by $0.29. Ashford Hospitality Trust had a negative net margin of 1.42% and a negative return on equity of 2.73%. The company had revenue of $300 million for the quarter, compared to analyst estimates of $345 million. During the same quarter in the previous year, the company posted $0.26 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts forecast that Ashford Hospitality Trust will post ($0.79) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.21%. Ashford Hospitality Trust’s payout ratio is currently -71.64%.

Several hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised 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. Martingale Asset Management L P raised its stake in Ashford Hospitality Trust by 1.3% in the fourth quarter. Martingale Asset Management L P now owns 202,503 shares of the real estate investment trust’s stock worth $1,572,000 after buying an additional 2,561 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Ashford Hospitality Trust by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 1,082,158 shares of the real estate investment trust’s stock worth $6,374,000 after buying an additional 2,826 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in Ashford Hospitality Trust by 28.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 20,250 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 4,517 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Ashford Hospitality Trust by 3.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 180,171 shares of the real estate investment trust’s stock worth $1,378,000 after buying an additional 5,631 shares during the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust, Inc (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States.

5 Day Chart for NYSE:AHT

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