Zacks Investment Research downgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a hold rating to a sell rating in a research report released on Monday.
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. “
A number of other research analysts have also weighed in on AHT. ValuEngine raised shares of Ashford Hospitality Trust from a hold rating to a buy rating in a research note on Wednesday, September 13th. Cantor Fitzgerald reissued a buy rating and issued a $7.50 target price on shares of Ashford Hospitality Trust in a research note on Thursday, September 14th. B. Riley reissued a buy rating on shares of Ashford Hospitality Trust in a research note on Wednesday, November 1st. Finally, Robert W. Baird reissued a hold rating and issued a $7.00 target price on shares of Ashford Hospitality Trust in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $7.42.
Ashford Hospitality Trust (NYSE AHT) traded down $0.01 during mid-day trading on Monday, reaching $6.75. The company had a trading volume of 189,664 shares, compared to its average volume of 467,087. 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 cap of $663.40, a PE ratio of -4.79, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The firm had revenue of $353.33 million during the quarter, compared to analyst estimates of $360.10 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. equities research analysts anticipate that Ashford Hospitality Trust will post 1.37 earnings per share for the current fiscal year.
Ashford Hospitality Trust declared that its board has authorized a share buyback program on Monday, December 11th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date is Thursday, December 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -34.04%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AHT. Schwab Charles Investment Management Inc. raised 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 buying an additional 302,950 shares during the period. Bank of New York Mellon Corp raised its position in shares of Ashford Hospitality Trust by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 867,559 shares of the real estate investment trust’s stock valued at $5,275,000 after buying an additional 53,201 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Ashford Hospitality Trust by 2.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 44,198 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 1,258 shares during the period. American Century Companies Inc. purchased a new stake in shares of Ashford Hospitality Trust during the 2nd quarter valued at approximately $365,000. Finally, JPMorgan Chase & Co. raised its position in shares of Ashford Hospitality Trust by 2.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,094,041 shares of the real estate investment trust’s stock valued at $30,972,000 after buying an additional 99,643 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.
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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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