Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $6.20.
Several equities research analysts have commented on AHT shares. Zacks Investment Research upgraded Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Credit Suisse Group AG lowered Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $6.00 to $5.00 in a research note on Thursday, July 21st. Canaccord Genuity reiterated a “hold” rating on shares of Ashford Hospitality Trust in a research note on Monday, August 8th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Ashford Hospitality Trust in a research report on Sunday, June 26th.
In other Ashford Hospitality Trust news, Director Alan Tallis acquired 4,174 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was bought at an average cost of $25.04 per share, for a total transaction of $104,516.96. Following the completion of the transaction, the director now owns 249,586 shares of the company’s stock, valued at approximately $6,249,633.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC raised its position in shares of Ashford Hospitality Trust by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 19,500 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 11,700 shares during the last quarter. Springhouse Capital Management LP purchased a new position in Ashford Hospitality Trust during the second quarter worth approximately $107,000. Wellington Shields Capital Management LLC boosted its position in Ashford Hospitality Trust by 11.5% in the second quarter. Wellington Shields Capital Management LLC now owns 20,415 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,098 shares during the period. WFG Advisors LP boosted its position in Ashford Hospitality Trust by 9.8% in the second quarter. WFG Advisors LP now owns 22,500 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 2,000 shares during the period. Finally, Eqis Capital Management Inc. boosted its position in Ashford Hospitality Trust by 23.1% in the second quarter. Eqis Capital Management Inc. now owns 35,654 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 6,699 shares during the period. Institutional investors own 70.47% of the company’s stock.
Shares of Ashford Hospitality Trust (NYSE:AHT) traded up 0.51% during midday trading on Thursday, reaching $5.86. The company’s stock had a trading volume of 72,288 shares. The stock’s 50-day moving average is $6.36 and its 200-day moving average is $5.85. Ashford Hospitality Trust has a one year low of $4.15 and a one year high of $7.51. The company’s market capitalization is $563.59 million.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06. Ashford Hospitality Trust had a negative return on equity of 2.16% and a negative net margin of 1.17%. The company earned $410.70 million during the quarter, compared to analyst estimates of $406.30 million. During the same period in the previous year, the business earned $0.49 EPS. Ashford Hospitality Trust’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities analysts expect that Ashford Hospitality Trust will post $1.56 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.48 annualized dividend and a yield of 8.23%. Ashford Hospitality Trust’s payout ratio is -85.71%.
Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust, Inc (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States.
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