Cantor Fitzgerald reaffirmed their buy rating on shares of Ashford Hospitality Trust Inc (NYSE:AHT) in a report published on Thursday. They currently have a $7.50 price target on the real estate investment trust’s stock.

Several other research firms have also issued reports on AHT. Zacks Investment Research raised Ashford Hospitality Trust from a sell rating to a hold rating in a research note on Thursday, September 7th. Canaccord Genuity reissued a hold rating and set a $7.00 price objective on shares of Ashford Hospitality Trust in a research note on Monday, June 26th. ValuEngine lowered Ashford Hospitality Trust from a strong-buy rating to a buy rating in a research note on Thursday, June 22nd. Finally, BidaskClub lowered Ashford Hospitality Trust from a hold rating to a sell rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Ashford Hospitality Trust currently has an average rating of Hold and an average price target of $7.46.

Ashford Hospitality Trust (NYSE:AHT) traded up 0.31% during trading on Thursday, hitting $6.47. The stock had a trading volume of 248,841 shares. Ashford Hospitality Trust has a 52 week low of $5.35 and a 52 week high of $8.23. The company has a 50-day moving average of $6.18 and a 200-day moving average of $6.25. The stock’s market capitalization is $630.37 million.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. On average, equities analysts expect that Ashford Hospitality Trust will post ($1.10) earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.48 dividend on an annualized basis and a yield of 7.43%. Ashford Hospitality Trust’s payout ratio is -35.82%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its position in Ashford Hospitality Trust by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 170,329 shares of the real estate investment trust’s stock valued at $1,036,000 after purchasing an additional 674 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Ashford Hospitality Trust by 2.7% during the first quarter. BNP Paribas Arbitrage SA now owns 42,940 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 1,121 shares in the last quarter. Eqis Capital Management Inc. raised its position in Ashford Hospitality Trust by 5.8% during the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 1,481 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position 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 in the last quarter. Finally, Nationwide Fund Advisors raised its position in Ashford Hospitality Trust by 0.5% during the first quarter. Nationwide Fund Advisors now owns 476,446 shares of the real estate investment trust’s stock valued at $3,035,000 after purchasing an additional 2,479 shares in the last quarter. Institutional investors and hedge funds own 70.27% of the company’s stock.

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.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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