Ashford Hospitality Trust Inc. (NYSE:AHT) Receives $6.20 Consensus PT from Brokerages
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) have received an average rating of “Hold” from the ten research firms that are covering the stock. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $6.20.
A number of research firms recently commented on AHT. Deutsche Bank AG reissued a “buy” rating on shares of Ashford Hospitality Trust in a research note on Sunday, June 26th. Canaccord Genuity restated a “hold” rating on shares of Ashford Hospitality Trust in a research report on Monday, August 8th. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, Credit Suisse Group AG lowered shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and cut their price target for the company from $6.00 to $5.00 in a research report on Thursday, July 21st.
In other news, Director Alan Tallis bought 4,174 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was bought at an average cost of $25.04 per share, for a total transaction of $104,516.96. Following the completion of the acquisition, the director now owns 249,586 shares in the company, valued at approximately $6,249,633.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 16.90% of the company’s stock.
Hedge funds have recently modified their holdings of the company. KBC Group NV raised its stake in shares of Ashford Hospitality Trust by 56.1% in the second quarter. KBC Group NV now owns 85,235 shares of the real estate investment trust’s stock valued at $458,000 after buying an additional 30,648 shares during the period. Goodwin Daniel L raised its stake in shares of Ashford Hospitality Trust by 33.2% in the second quarter. Goodwin Daniel L now owns 46,523 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 11,600 shares during the period. Arrow Investment Advisors LLC raised its stake in shares of Ashford Hospitality Trust by 7.2% in the second quarter. Arrow Investment Advisors LLC now owns 99,566 shares of the real estate investment trust’s stock valued at $535,000 after buying an additional 6,652 shares during the period. Cutler Capital Management LLC raised its stake in shares of Ashford Hospitality Trust by 5.8% in the second quarter. Cutler Capital Management LLC now owns 192,000 shares of the real estate investment trust’s stock valued at $1,031,000 after buying an additional 10,500 shares during the period. Finally, James Investment Research Inc. bought a new stake in shares of Ashford Hospitality Trust during the second quarter valued at approximately $678,000. Institutional investors and hedge funds own 70.47% of the company’s stock.
Shares of Ashford Hospitality Trust (NYSE:AHT) opened at 5.81 on Thursday. The company’s market capitalization is $558.78 million. The company has a 50-day moving average price of $6.31 and a 200-day moving average price of $5.85. Ashford Hospitality Trust has a 12 month low of $4.15 and a 12 month high of $7.51.
Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.06. The business had revenue of $410.70 million for the quarter, compared to analysts’ expectations of $406.30 million. Ashford Hospitality Trust had a negative return on equity of 2.16% and a negative net margin of 1.17%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. On average, equities analysts anticipate that Ashford Hospitality Trust will post $1.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.26%. Ashford Hospitality Trust’s dividend payout ratio is currently -85.71%.
Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust, Inc (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States.
Receive News & Stock Ratings for Ashford Hospitality Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust Inc. and related stocks with our FREE daily email newsletter.