Zacks Investment Research lowered shares of Ashford Hospitality Trust (NYSE:AHT) from a hold rating to a sell rating in a report published on Thursday.
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. “
Several other equities research analysts have also recently issued reports on AHT. B. Riley set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the company a buy rating in a research report on Friday, March 2nd. Cantor Fitzgerald set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the company a buy rating in a research report on Monday, March 5th. ValuEngine cut shares of Ashford Hospitality Trust from a buy rating to a hold rating in a research report on Friday, February 2nd. Finally, Deutsche Bank lowered their price objective on shares of Ashford Hospitality Trust from $9.00 to $8.00 and set a buy rating for the company in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $7.50.
Shares of Ashford Hospitality Trust traded up $0.02, reaching $6.84, during trading hours on Thursday, Marketbeat.com reports. 5,040 shares of the stock were exchanged, compared to its average volume of 481,444. Ashford Hospitality Trust has a 12-month low of $6.80 and a 12-month high of $6.90. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 6.36. The stock has a market cap of $672.70 million, a PE ratio of 4.98, a P/E/G ratio of 1.10 and a beta of 1.35.
Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.71). Ashford Hospitality Trust had a negative return on equity of 10.19% and a negative net margin of 4.75%. The firm had revenue of $341.57 million for the quarter, compared to analysts’ expectations of $334.44 million. sell-side analysts forecast that Ashford Hospitality Trust will post 1.24 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in AHT. Matarin Capital Management LLC purchased a new stake in shares of Ashford Hospitality Trust in the 1st quarter worth approximately $5,949,000. Renaissance Technologies LLC lifted its position in shares of Ashford Hospitality Trust by 29.4% in the 4th quarter. Renaissance Technologies LLC now owns 3,575,500 shares of the real estate investment trust’s stock worth $24,063,000 after purchasing an additional 811,400 shares during the period. Millennium Management LLC lifted its position in shares of Ashford Hospitality Trust by 58.6% in the 4th quarter. Millennium Management LLC now owns 1,166,225 shares of the real estate investment trust’s stock worth $7,849,000 after purchasing an additional 431,065 shares during the period. Global X Management Co. LLC lifted its position in shares of Ashford Hospitality Trust by 28.7% in the 1st quarter. Global X Management Co. LLC now owns 1,636,644 shares of the real estate investment trust’s stock worth $10,573,000 after purchasing an additional 364,506 shares during the period. Finally, Thrivent Financial For Lutherans purchased a new stake in shares of Ashford Hospitality Trust in the 4th quarter worth approximately $2,319,000. 74.82% of the stock is owned by hedge funds and other institutional investors.
Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
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