Ashford Hospitality Trust Inc (AHT) Rating Lowered to Sell at Zacks Investment Research
Zacks Investment Research downgraded shares of Ashford Hospitality Trust Inc (NYSE:AHT) from a hold rating to a sell rating in a report released on Tuesday, July 11th.
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. “
A number of other analysts also recently weighed in on AHT. FBR & Co set a $8.00 target price on Ashford Hospitality Trust and gave the stock a buy rating in a research report on Saturday, April 8th. Canaccord Genuity reiterated a hold rating on shares of Ashford Hospitality Trust in a research report on Friday, May 19th. ValuEngine downgraded Ashford Hospitality Trust from a strong-buy rating to a buy rating in a research report on Thursday, June 22nd. Cantor Fitzgerald set a $8.00 target price on Ashford Hospitality Trust and gave the company a buy rating in a research note on Thursday, May 18th. Finally, DA Davidson assumed coverage on Ashford Hospitality Trust in a research note on Wednesday, March 22nd. They set a buy rating and a $8.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Ashford Hospitality Trust currently has an average rating of Hold and a consensus price target of $7.54.
Ashford Hospitality Trust (AHT) traded up 0.80% on Tuesday, hitting $6.31. The stock had a trading volume of 333,343 shares. The stock’s market capitalization is $614.83 million. The company has a 50-day moving average price of $6.28 and a 200-day moving average price of $6.56. Ashford Hospitality Trust has a 1-year low of $5.35 and a 1-year high of $8.23.
Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.03. The firm had revenue of $390.70 million during the quarter, compared to the consensus estimate of $399.01 million. Ashford Hospitality Trust had a negative return on equity of 10.36% and a negative net margin of 5.43%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. Equities analysts predict that Ashford Hospitality Trust will post ($0.99) earnings per share for the current year.
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The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.48 annualized dividend and a yield of 7.61%. Ashford Hospitality Trust’s payout ratio is -35.82%.
Large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Ashford Hospitality Trust by 43.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,942 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,442 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of Ashford Hospitality Trust by 38.8% in the first quarter. Utah Retirement Systems now owns 17,900 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,000 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Ashford Hospitality Trust during the second quarter valued at $116,000. Princeton Portfolio Strategies Group LLC bought a new stake in Ashford Hospitality Trust during the first quarter valued at approximately $127,000. Finally, Thrivent Financial for Lutherans increased its stake in Ashford Hospitality Trust by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,028 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 100 shares during the period. 72.09% of the stock is currently owned by institutional investors.
About Ashford Hospitality Trust
Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.
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