Ashford Hospitality Trust (NYSE:AHT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

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. “

Several other equities research analysts have also recently commented on AHT. Deutsche Bank set a $5.00 price target on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a research report on Friday, November 1st. ValuEngine upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.38.

Shares of NYSE:AHT traded down $0.05 during trading on Friday, hitting $2.53. 12,613 shares of the company’s stock were exchanged, compared to its average volume of 434,347. Ashford Hospitality Trust has a 1-year low of $2.33 and a 1-year high of $5.89. The firm has a 50-day moving average price of $2.66 and a two-hundred day moving average price of $2.80. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 13.41. The firm has a market cap of $262.93 million, a P/E ratio of -1.37 and a beta of 1.40.

Large investors have recently modified their holdings of the company. Morgan Stanley grew its position in shares of Ashford Hospitality Trust by 133.6% during the 2nd quarter. Morgan Stanley now owns 173,346 shares of the real estate investment trust’s stock worth $514,000 after buying an additional 99,153 shares during the period. Rhumbline Advisers grew its holdings in Ashford Hospitality Trust by 7.8% during the third quarter. Rhumbline Advisers now owns 158,810 shares of the real estate investment trust’s stock valued at $526,000 after purchasing an additional 11,518 shares during the period. State of Alaska Department of Revenue grew its holdings in Ashford Hospitality Trust by 286.2% during the fourth quarter. State of Alaska Department of Revenue now owns 28,443 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 21,079 shares during the period. California Public Employees Retirement System grew its holdings in Ashford Hospitality Trust by 12.3% during the third quarter. California Public Employees Retirement System now owns 316,087 shares of the real estate investment trust’s stock valued at $1,046,000 after purchasing an additional 34,512 shares during the period. Finally, Glassman Wealth Services grew its holdings in Ashford Hospitality Trust by 32.1% during the third quarter. Glassman Wealth Services now owns 49,390 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 12,000 shares during the period. Institutional investors own 59.92% of the company’s stock.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.

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