Ashford Hospitality Trust (AHT) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a hold rating to a buy rating in a research note issued to investors on Friday.

Other equities research analysts have also issued reports about the company. B. Riley reissued a buy rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Cantor Fitzgerald reissued a buy rating and issued a $7.50 price target on shares of Ashford Hospitality Trust in a research report on Thursday, September 14th. Zacks Investment Research lowered Ashford Hospitality Trust from a buy rating to a hold rating in a research report on Tuesday, October 31st. Finally, Robert W. Baird reissued a hold rating and issued a $7.00 price target on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $7.42.

Ashford Hospitality Trust (AHT) opened at $6.51 on Friday. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 5.29. Ashford Hospitality Trust has a 12-month low of $5.68 and a 12-month high of $8.23. The firm has a market capitalization of $635.15, a P/E ratio of 5.02, a PEG ratio of 0.95 and a beta of 1.49.

Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $353.33 million for the quarter, compared to analyst estimates of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. Ashford Hospitality Trust’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. research analysts predict that Ashford Hospitality Trust will post 1.38 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in AHT. Vanguard Group Inc. increased its position in shares of Ashford Hospitality Trust by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 17,010,778 shares of the real estate investment trust’s stock valued at $103,426,000 after purchasing an additional 541,526 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Ashford Hospitality Trust by 30.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,301,506 shares of the real estate investment trust’s stock valued at $7,914,000 after purchasing an additional 302,950 shares during the last quarter. Kennedy Capital Management Inc. increased its position in shares of Ashford Hospitality Trust by 60.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 548,216 shares of the real estate investment trust’s stock valued at $3,333,000 after purchasing an additional 206,068 shares during the last quarter. Lido Advisors LLC purchased a new stake in shares of Ashford Hospitality Trust during the 3rd quarter valued at $1,124,000. Finally, Ameriprise Financial Inc. increased its position in shares of Ashford Hospitality Trust by 1,161.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 168,205 shares of the real estate investment trust’s stock valued at $1,022,000 after purchasing an additional 154,869 shares during the last quarter. 68.51% of the stock is owned by hedge funds and other institutional investors.

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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.

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Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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