ValuEngine downgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a buy rating to a hold rating in a report issued on Friday.
Several other brokerages also recently commented on AHT. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a hold rating to a buy rating and set a $7.75 price target on the stock in a report on Tuesday, October 10th. Robert W. Baird reissued a hold rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. Finally, B. Riley reissued a buy rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $7.42.
Ashford Hospitality Trust (NYSE:AHT) opened at $6.27 on Friday. The company has a market cap of $630.28, a PE ratio of 4.98, a P/E/G ratio of 0.89 and a beta of 1.36. Ashford Hospitality Trust has a fifty-two week low of $5.68 and a fifty-two week high of $7.98. 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 (NYSE:AHT) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $353.33 million for the quarter, compared to the consensus estimate of $360.10 million. Ashford Hospitality Trust had a negative net margin of 5.61% and a negative return on equity of 10.79%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. equities analysts predict that Ashford Hospitality Trust will post 1.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.48 annualized dividend and a yield of 7.66%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -35.04%.
Ashford Hospitality Trust announced that its board has initiated a stock repurchase plan on Monday, December 11th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Institutional investors have recently added to or reduced their stakes in the business. Foundry Partners LLC boosted its position in Ashford Hospitality Trust by 7.5% in the 3rd quarter. Foundry Partners LLC now owns 1,072,670 shares of the real estate investment trust’s stock valued at $7,155,000 after buying an additional 75,200 shares during the period. Ameriprise Financial Inc. boosted its position in Ashford Hospitality Trust by 1,161.3% in 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 buying an additional 154,869 shares during the period. Wells Fargo & Company MN boosted its position in Ashford Hospitality Trust by 3.1% in the 2nd quarter. Wells Fargo & Company MN now owns 965,151 shares of the real estate investment trust’s stock valued at $5,869,000 after buying an additional 29,291 shares during the period. Alliancebernstein L.P. boosted its position in Ashford Hospitality Trust by 4.0% in the 2nd quarter. Alliancebernstein L.P. now owns 459,396 shares of the real estate investment trust’s stock valued at $2,793,000 after buying an additional 17,775 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Ashford Hospitality Trust by 63.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 111,507 shares of the real estate investment trust’s stock valued at $744,000 after buying an additional 43,395 shares during the period. 71.15% of the stock is owned by 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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