Shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) have earned an average recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $8.00.
AHT has been the subject of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $8.00 price target on shares of Ashford Hospitality Trust in a report on Monday, November 5th. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a report on Monday, October 8th. Finally, ValuEngine downgraded shares of Ashford Hospitality Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th.
A number of hedge funds have recently bought and sold shares of AHT. Private Advisor Group LLC purchased a new stake in Ashford Hospitality Trust during the second quarter valued at about $119,000. Glacier Peak Capital LLC purchased a new stake in Ashford Hospitality Trust during the third quarter valued at about $141,000. Nissay Asset Management Corp Japan ADV lifted its stake in Ashford Hospitality Trust by 89.8% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 22,169 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 10,491 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Ashford Hospitality Trust during the second quarter valued at about $171,000. Finally, State of Alaska Department of Revenue purchased a new stake in Ashford Hospitality Trust during the third quarter valued at about $173,000. 74.18% of the stock is owned by institutional investors.
NYSE AHT traded up $0.16 on Thursday, reaching $5.02. The company’s stock had a trading volume of 302,475 shares, compared to its average volume of 462,625. Ashford Hospitality Trust has a twelve month low of $4.82 and a twelve month high of $8.66. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 7.79. The company has a market capitalization of $491.05 million, a price-to-earnings ratio of 3.66, a PEG ratio of 1.00 and a beta of 1.36.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.65). Ashford Hospitality Trust had a negative net margin of 7.15% and a negative return on equity of 18.33%. The business had revenue of $355.93 million during the quarter, compared to analyst estimates of $359.93 million. As a group, research analysts predict that Ashford Hospitality Trust will post 0.97 earnings per share for the current year.
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.
See Also: Return on Equity (ROE)
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