Zacks Investment Research lowered shares of Ashford Hospitality Trust (NYSE:AHT) from a buy rating to a hold rating in a research note issued to investors on Thursday 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. “
Several other equities research analysts have also weighed in on AHT. Robert W. Baird increased their target price on shares of Ashford Hospitality Trust from $7.00 to $8.00 and gave the stock a neutral rating in a report on Wednesday, June 27th. B. Riley increased their target price on shares of Ashford Hospitality Trust from $7.50 to $8.00 and gave the stock a buy rating in a report on Monday, August 6th. Finally, ValuEngine lowered shares of Ashford Hospitality Trust from a hold rating to a sell rating in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $7.80.
AHT opened at $6.47 on Thursday. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 6.36. The firm has a market capitalization of $644.09 million, a price-to-earnings ratio of 4.72, a PEG ratio of 1.17 and a beta of 1.30. Ashford Hospitality Trust has a twelve month low of $5.42 and a twelve month high of $8.66.
Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, August 2nd. The real estate investment trust reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.25). The firm had revenue of $389.16 million during the quarter, compared to analyst estimates of $390.19 million. Ashford Hospitality Trust had a negative return on equity of 10.19% and a negative net margin of 4.75%. research analysts predict that Ashford Hospitality Trust will post 1.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 16th. Stockholders of record on Friday, June 29th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.42%. The ex-dividend date was Thursday, June 28th. Ashford Hospitality Trust’s dividend payout ratio is 35.04%.
In other news, Director Alan Tallis sold 10,000 shares of the stock in a transaction on Friday, June 29th. The shares were sold at an average price of $8.01, for a total transaction of $80,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 40,900 shares of company stock valued at $339,406 in the last three months. 18.20% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of AHT. Matarin Capital Management LLC bought a new stake in shares of Ashford Hospitality Trust during the first quarter worth $5,949,000. Millennium Management LLC increased its position in shares of Ashford Hospitality Trust by 58.6% during the fourth quarter. Millennium Management LLC now owns 1,166,225 shares of the real estate investment trust’s stock worth $7,849,000 after acquiring an additional 431,065 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Ashford Hospitality Trust by 28.7% during the first quarter. Global X Management Co. LLC now owns 1,636,644 shares of the real estate investment trust’s stock worth $10,573,000 after acquiring an additional 364,506 shares in the last quarter. Chicago Equity Partners LLC increased its position in shares of Ashford Hospitality Trust by 85.6% during the second quarter. Chicago Equity Partners LLC now owns 577,555 shares of the real estate investment trust’s stock worth $4,678,000 after acquiring an additional 266,370 shares in the last quarter. Finally, Mackay Shields LLC increased its position in shares of Ashford Hospitality Trust by 60.7% during the second quarter. Mackay Shields LLC now owns 394,002 shares of the real estate investment trust’s stock worth $3,192,000 after acquiring an additional 148,800 shares in the last quarter. 72.52% of the stock is owned by institutional investors.
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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