Ashford Hospitality Trust Inc (AHT) Cut to “Hold” at ValuEngine
ValuEngine lowered shares of Ashford Hospitality Trust Inc (NYSE:AHT) from a buy rating to a hold rating in a research note published on Friday.
AHT has been the topic of several other research reports. Zacks Investment Research downgraded Ashford Hospitality Trust from a hold rating to a sell rating in a report on Tuesday, July 11th. BidaskClub downgraded Ashford Hospitality Trust from a hold rating to a sell rating in a report on Friday, July 28th. Canaccord Genuity reiterated a hold rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a report on Monday, May 8th. Finally, Cantor Fitzgerald lowered their price target on Ashford Hospitality Trust from $8.00 to $7.50 and set a buy rating on the stock in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $7.46.
Shares of Ashford Hospitality Trust (NYSE:AHT) opened at 6.26 on Friday. Ashford Hospitality Trust has a 1-year low of $5.35 and a 1-year high of $8.23. The firm’s 50-day moving average is $6.16 and its 200 day moving average is $6.31. The stock’s market capitalization is $609.91 million.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.03. The business had revenue of $390.70 million for the quarter, compared to the consensus estimate of $399.01 million. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. Ashford Hospitality Trust’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. On average, analysts expect that Ashford Hospitality Trust will post ($1.04) EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Ashford Hospitality Trust by 4.8% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,974 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 2,200 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Ashford Hospitality Trust by 4.8% in the first quarter. Alliancebernstein L.P. now owns 441,621 shares of the real estate investment trust’s stock worth $2,813,000 after acquiring an additional 20,180 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Ashford Hospitality Trust in the second quarter worth $116,000. Vanguard Group Inc. grew its stake in shares of Ashford Hospitality Trust by 7.3% in the first quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock worth $104,909,000 after acquiring an additional 1,121,239 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Ashford Hospitality Trust by 15.2% in the first quarter. Renaissance Technologies LLC now owns 2,135,900 shares of the real estate investment trust’s stock worth $13,606,000 after acquiring an additional 282,600 shares during the last quarter. Institutional investors own 70.27% of the company’s stock.
Ashford Hospitality Trust Company Profile
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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