ValuEngine upgraded shares of Ashford Hospitality Trust Inc (NYSE:AHT) from a hold rating to a buy rating in a report published on Wednesday.

AHT has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a hold rating to a sell rating in a research note on Tuesday, July 11th. BidaskClub lowered shares of Ashford Hospitality Trust from a hold rating to a sell rating in a research note on Friday, July 28th. Cantor Fitzgerald dropped their price objective on shares of Ashford Hospitality Trust from $8.00 to $7.50 and set a buy rating on the stock in a research note on Friday, August 11th. Finally, Canaccord Genuity reiterated a hold rating on shares of Ashford Hospitality Trust in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $7.46.

Ashford Hospitality Trust (NYSE:AHT) opened at 6.48 on Wednesday. Ashford Hospitality Trust has a 12-month low of $5.35 and a 12-month high of $8.23. The firm’s 50-day moving average is $6.18 and its 200 day moving average is $6.25. The firm’s market cap is $631.35 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 analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $390.70 million for the quarter, compared to analysts’ expectations of $399.01 million. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. Equities research analysts predict that Ashford Hospitality Trust will post ($1.10) EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/17/ashford-hospitality-trust-inc-aht-stock-rating-upgraded-by-valuengine.html.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date is Thursday, September 28th. Ashford Hospitality Trust’s payout ratio is currently -35.82%.

Hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of 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 worth $306,000 after buying an additional 2,200 shares in the last quarter. Chicago Equity Partners LLC grew its position in shares of Ashford Hospitality Trust by 18.9% during the second quarter. Chicago Equity Partners LLC now owns 553,437 shares of the real estate investment trust’s stock worth $3,365,000 after buying an additional 87,957 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Ashford Hospitality Trust by 4.8% during the first quarter. Alliancebernstein L.P. now owns 441,621 shares of the real estate investment trust’s stock worth $2,813,000 after buying an additional 20,180 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Ashford Hospitality Trust during the second quarter worth approximately $116,000. Finally, Vanguard Group Inc. grew its position in shares of Ashford Hospitality Trust by 7.3% during 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 buying an additional 1,121,239 shares in the last quarter. 70.27% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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.