B. Riley reissued their buy rating on shares of Ashford Hospitality Trust (NYSE:AHT) in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage currently has a $8.00 price objective on the real estate investment trust’s stock.
AHT has been the subject of a number of other reports. Zacks Investment Research upgraded Ashford Hospitality Trust from a strong sell rating to a hold rating in a research note on Monday, October 8th. ValuEngine downgraded Ashford Hospitality Trust from a sell rating to a strong sell rating in a research note on Thursday, September 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $7.80.
AHT traded up $0.01 during trading on Monday, reaching $5.35. 7,863 shares of the company were exchanged, compared to its average volume of 601,795. The company has a market cap of $512.78 million, a P/E ratio of 3.90, a PEG ratio of 1.07 and a beta of 1.36. The company has a debt-to-equity ratio of 7.71, a current ratio of 4.44 and a quick ratio of 4.44. Ashford Hospitality Trust has a 52 week low of $5.00 and a 52 week high of $8.66.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.65). The company had revenue of $355.93 million for the quarter, compared to the consensus estimate of $359.93 million. Ashford Hospitality Trust had a negative return on equity of 17.72% and a negative net margin of 7.15%. As a group, research analysts anticipate that Ashford Hospitality Trust will post 0.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 8.97%. Ashford Hospitality Trust’s payout ratio is currently 35.04%.
A number of institutional investors and hedge funds have recently modified their holdings of AHT. Private Advisor Group LLC bought a new position in Ashford Hospitality Trust during the 2nd quarter worth $119,000. Nissay Asset Management Corp Japan ADV grew its stake in Ashford Hospitality Trust by 89.8% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 22,169 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 10,491 shares during the last quarter. Bessemer Group Inc. bought a new position in Ashford Hospitality Trust during the 2nd quarter worth $171,000. State of Alaska Department of Revenue bought a new position in shares of Ashford Hospitality Trust in the third quarter worth $173,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ashford Hospitality Trust by 82.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,788 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 10,323 shares in the last quarter. Hedge funds and other institutional investors own 73.13% of the company’s stock.
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.
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