Ashford Hospitality Trust Inc (AHT) Given Average Rating of “Hold” by Brokerages

Shares of Ashford Hospitality Trust Inc (NYSE:AHT) have been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.60.

Several research firms recently commented on AHT. Zacks Investment Research cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Monday, March 26th. Cantor Fitzgerald set a $8.00 target price on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Monday, March 5th. B. Riley set a $8.00 target price on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Friday, March 2nd. Deutsche Bank cut their target price on shares of Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, ValuEngine cut shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

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NYSE:AHT traded down $0.11 during trading hours on Wednesday, hitting $6.53. 213,727 shares of the company traded hands, compared to its average volume of 499,148. The stock has a market cap of $646.80, a P/E ratio of 4.77, a PEG ratio of 0.97 and a beta of 1.36. Ashford Hospitality Trust has a twelve month low of $5.42 and a twelve month high of $7.20. The company has a debt-to-equity ratio of 5.84, a current ratio of 3.53 and a quick ratio of 3.53.

Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, March 1st. The real estate investment trust reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.71). The company had revenue of $341.57 million for the quarter, compared to analyst estimates of $334.44 million. Ashford Hospitality Trust had a negative net margin of 4.44% and a negative return on equity of 9.01%. equities research analysts anticipate that Ashford Hospitality Trust will post 1.37 EPS for the current year.

Ashford Hospitality Trust declared that its Board of Directors has initiated a share repurchase plan on Monday, December 11th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date is Wednesday, March 28th. Ashford Hospitality Trust’s dividend payout ratio is 35.04%.

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Ashford Hospitality Trust by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,552,321 shares of the real estate investment trust’s stock valued at $10,354,000 after buying an additional 25,573 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of Ashford Hospitality Trust by 54.8% during the 4th quarter. Chartwell Investment Partners LLC now owns 724,616 shares of the real estate investment trust’s stock worth $4,877,000 after purchasing an additional 256,616 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Ashford Hospitality Trust by 12.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,639,999 shares of the real estate investment trust’s stock worth $11,038,000 after purchasing an additional 176,995 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Ashford Hospitality Trust during the 4th quarter worth about $225,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Ashford Hospitality Trust during the 4th quarter worth about $422,000. Institutional investors own 74.63% of the company’s stock.

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About Ashford Hospitality Trust

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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