Ashford Hospitality Trust Inc (AHT) Stock Rating Lowered by ValuEngine
Ashford Hospitality Trust Inc (NYSE:AHT) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Cantor Fitzgerald reissued a “buy” rating and issued a $7.50 price objective on shares of Ashford Hospitality Trust in a report on Thursday, September 14th. BidaskClub lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Robert W. Baird reissued a “hold” rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a report on Friday, November 10th. Finally, B. Riley reissued a “buy” rating on shares of Ashford Hospitality Trust in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $7.42.
Ashford Hospitality Trust (NYSE:AHT) opened at $6.29 on Tuesday. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 5.29. The firm has a market capitalization of $612.75, a PE ratio of 4.84, a PEG ratio of 0.91 and a beta of 1.53. Ashford Hospitality Trust has a 1-year low of $5.68 and a 1-year high of $8.23.
Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $353.33 million during the quarter, compared to analyst estimates of $360.10 million. Ashford Hospitality Trust had a negative net margin of 5.61% and a negative return on equity of 10.79%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. sell-side analysts anticipate that Ashford Hospitality Trust will post 1.38 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the company. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Ashford Hospitality Trust in the second quarter worth about $116,000. SG Americas Securities LLC boosted its stake in shares of Ashford Hospitality Trust by 80.5% in the third quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 9,060 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Ashford Hospitality Trust in the third quarter worth about $156,000. Verition Fund Management LLC purchased a new stake in shares of Ashford Hospitality Trust in the second quarter worth about $148,000. Finally, Eqis Capital Management Inc. boosted its stake in shares of Ashford Hospitality Trust by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 1,481 shares during the last quarter. Hedge funds and other institutional investors own 67.60% 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.
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