Ashford Hospitality Trust (NYSE:AHT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday, January 8th.
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 analysts have also recently weighed in on AHT. ValuEngine raised Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a research report on Thursday, September 14th. B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have given 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 an average price target of $7.42.
Ashford Hospitality Trust (NYSE:AHT) opened at $6.27 on Monday. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 5.29. The company has a market capitalization of $610.80, a price-to-earnings ratio of -4.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. Ashford Hospitality Trust has a fifty-two week low of $5.68 and a fifty-two week high of $7.98.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company 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 firm’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.40 EPS. equities analysts predict that Ashford Hospitality Trust will post 1.37 earnings per share for the current fiscal year.
Ashford Hospitality Trust announced that its board has initiated a stock buyback program on Monday, December 11th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
A number of hedge funds have recently bought and sold shares of AHT. Schwab Charles Investment Management Inc. boosted its holdings in Ashford Hospitality Trust by 30.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,301,506 shares of the real estate investment trust’s stock worth $7,914,000 after buying an additional 302,950 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings 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 worth $5,275,000 after purchasing an additional 53,201 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings 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 worth $269,000 after purchasing an additional 1,258 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Ashford Hospitality Trust during the 2nd quarter worth approximately $365,000. Finally, JPMorgan Chase & Co. boosted its holdings 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 worth $30,972,000 after purchasing an additional 99,643 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.
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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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