Ashford Hospitality Trust (NYSE:AHT) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday, September 13th.
Other equities research analysts have also recently issued reports about the company. Robert W. Baird upped their price objective on Ashford Hospitality Trust from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 27th. Zacks Investment Research cut Ashford Hospitality Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 28th. Finally, B. Riley upped their price objective on Ashford Hospitality Trust from $7.50 to $8.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $7.80.
AHT traded up $0.03 during trading hours on Thursday, reaching $6.00. 490,800 shares of the company’s stock traded hands, compared to its average volume of 519,455. Ashford Hospitality Trust has a 52-week low of $5.42 and a 52-week high of $8.66. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 7.71. The stock has a market cap of $630.13 million, a P/E ratio of 4.38, a PEG ratio of 1.26 and a beta of 1.20.
Ashford Hospitality Trust (NYSE:AHT) last issued 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). Ashford Hospitality Trust had a negative return on equity of 16.70% and a negative net margin of 6.76%. The firm had revenue of $389.16 million during the quarter, compared to analysts’ expectations of $390.19 million. Equities analysts anticipate that Ashford Hospitality Trust will post 1.01 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in AHT. Private Advisor Group LLC acquired a new stake in Ashford Hospitality Trust during the second quarter worth about $119,000. Quantitative Systematic Strategies LLC acquired a new stake in Ashford Hospitality Trust during the first quarter worth about $104,000. Smith Asset Management Group LP grew its holdings in Ashford Hospitality Trust by 64.8% during the first quarter. Smith Asset Management Group LP now owns 20,825 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 8,192 shares during the period. Bessemer Group Inc. acquired a new stake in Ashford Hospitality Trust during the second quarter worth about $171,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ashford Hospitality Trust by 82.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,788 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 10,323 shares during the period. 72.84% of the stock is currently owned by institutional investors.
About Ashford Hospitality Trust
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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