Zacks Investment Research upgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a sell rating to a hold rating in a report released on Tuesday morning.

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. “

A number of other equities research analysts also recently weighed in on AHT. B. Riley restated a buy rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Cantor Fitzgerald restated a buy rating and issued a $7.50 target price on shares of Ashford Hospitality Trust in a research report on Tuesday, October 3rd. Robert W. Baird restated a hold rating and issued a $7.00 target price on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. Finally, ValuEngine downgraded Ashford Hospitality Trust from a buy rating to a hold rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Ashford Hospitality Trust has an average rating of Hold and an average price target of $7.42.

Ashford Hospitality Trust (NYSE AHT) opened at $6.68 on Tuesday. The stock has a market capitalization of $641.00, a P/E ratio of 5.06, a PEG ratio of 0.91 and a beta of 1.51. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 5.29. Ashford Hospitality Trust has a 52-week low of $5.68 and a 52-week high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last released its earnings results 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 return on equity of 10.79% and a negative net margin of 5.61%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. research analysts anticipate that Ashford Hospitality Trust will post 1.37 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.48 dividend on an annualized basis and a yield of 7.19%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -35.04%.

Ashford Hospitality Trust announced that its board has authorized a share repurchase program on Monday, December 11th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings 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 valued at $136,000 after buying an additional 9,060 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of Ashford Hospitality Trust in the third quarter valued at $156,000. Verition Fund Management LLC bought a new position in shares of Ashford Hospitality Trust in the second quarter valued at $148,000. WFG Advisors LP increased its holdings in shares of Ashford Hospitality Trust by 20.1% in the second quarter. WFG Advisors LP now owns 31,230 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 5,230 shares in the last quarter. Finally, Arete Wealth Advisors LLC bought a new position in shares of Ashford Hospitality Trust in the second quarter valued at $194,000. 71.01% of the stock is currently owned by institutional investors.

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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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Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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