Ashford Hospitality Trust Inc. (AHT) Lowered to “Sell” at Zacks Investment Research
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. “
AHT has been the topic of several other research reports. Credit Suisse Group AG lowered shares of Ashford Hospitality Trust from an outperform rating to a neutral rating and dropped their price objective for the company from $6.00 to $5.00 in a report on Thursday, July 21st. Canaccord Genuity reiterated a hold rating on shares of Ashford Hospitality Trust in a report on Monday, August 8th. Finally, Deutsche Bank AG reiterated a buy rating on shares of Ashford Hospitality Trust in a report on Sunday, June 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $6.72.
Shares of Ashford Hospitality Trust (NYSE:AHT) traded down 0.68% during midday trading on Monday, reaching $5.88. 27,430 shares of the company’s stock traded hands. The firm’s market cap is $565.51 million. Ashford Hospitality Trust has a 12 month low of $4.15 and a 12 month high of $7.51. The stock has a 50-day moving average price of $6.28 and a 200 day moving average price of $5.85.
Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. Ashford Hospitality Trust had a negative net margin of 1.17% and a negative return on equity of 2.16%. The firm had revenue of $410.70 million for the quarter, compared to analyst estimates of $406.30 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts predict that Ashford Hospitality Trust will post $1.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date of this dividend is Wednesday, September 28th. Ashford Hospitality Trust’s payout ratio is currently -85.71%.
In other Ashford Hospitality Trust news, Director Alan Tallis purchased 4,174 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were bought at an average cost of $25.04 per share, for a total transaction of $104,516.96. Following the purchase, the director now owns 249,586 shares of the company’s stock, valued at approximately $6,249,633.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake in Ashford Hospitality Trust by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 19,500 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 11,700 shares in the last quarter. Springhouse Capital Management LP purchased a new stake in Ashford Hospitality Trust during the second quarter valued at about $107,000. Wellington Shields Capital Management LLC boosted its stake in Ashford Hospitality Trust by 11.5% in the second quarter. Wellington Shields Capital Management LLC now owns 20,415 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,098 shares in the last quarter. WFG Advisors LP boosted its stake in Ashford Hospitality Trust by 9.8% in the second quarter. WFG Advisors LP now owns 22,500 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 2,000 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in Ashford Hospitality Trust by 23.1% in the second quarter. Eqis Capital Management Inc. now owns 35,654 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 6,699 shares in the last quarter. Institutional investors and hedge funds own 70.46% of the company’s stock.
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.
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