Zacks Investment Research upgraded shares of Ashford Hospitality Trust Inc (NYSE:AHT) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. Zacks Investment Research currently has $7.75 target price on the real estate investment trust’s stock.

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. “

Other analysts also recently issued reports about the company. Cantor Fitzgerald decreased their price target on 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. ValuEngine downgraded Ashford Hospitality Trust from a strong-buy rating to a buy rating in a research note on Monday, August 7th. Canaccord Genuity restated a hold rating and issued a $7.00 price target on shares of Ashford Hospitality Trust in a research note on Monday, June 26th. Finally, BidaskClub downgraded Ashford Hospitality Trust from a hold rating to a sell rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Ashford Hospitality Trust has an average rating of Hold and a consensus price target of $7.50.

Shares of Ashford Hospitality Trust (AHT) traded up 0.87% on Tuesday, hitting $6.97. The stock had a trading volume of 74,732 shares. The stock’s market cap is $679.09 million. Ashford Hospitality Trust has a 12 month low of $5.35 and a 12 month high of $8.23. The firm has a 50 day moving average of $6.44 and a 200 day moving average of $6.30.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly 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). Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The business had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $399.01 million. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities analysts forecast that Ashford Hospitality Trust will post ($1.10) earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.12 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.95%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently -35.82%.

Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted 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 worth $1,036,000 after purchasing an additional 674 shares in the last quarter. BNP Paribas Arbitrage SA boosted 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 worth $274,000 after purchasing an additional 1,121 shares in the last quarter. Eqis Capital Management Inc. boosted 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 worth $165,000 after purchasing an additional 1,481 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted 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 worth $306,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Ironwood Investment Management LLC boosted its position in Ashford Hospitality Trust by 1.1% during the second quarter. Ironwood Investment Management LLC now owns 239,550 shares of the real estate investment trust’s stock worth $1,456,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 70.24% 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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