 Ashford Hospitality Trust Inc (NYSE:AHT) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently  covering the firm, Marketbeat reports. One analyst  has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to  the company. The average twelve-month target price among brokers that have covered the stock in the last year is $8.00.
Ashford Hospitality Trust Inc (NYSE:AHT) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently  covering the firm, Marketbeat reports. One analyst  has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to  the company. The average twelve-month target price among brokers that have covered the stock in the last year is $8.00. 
A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Monday, March 26th. Robert W. Baird boosted their price objective 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.
Get Ashford Hospitality Trust alerts:Shares of NYSE:AHT traded down $0.01 during midday trading on Friday, hitting $8.18. The stock had a trading volume of 334,900 shares, compared to its average volume of 509,552. The company has a market cap of $795.99 million, a price-to-earnings ratio of 5.94, a PEG ratio of 1.30 and a beta of 1.30. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 6.36. Ashford Hospitality Trust has a 1 year low of $5.42 and a 1 year high of $8.66.
Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Thursday, May 3rd. The real estate investment trust reported ($0.39) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.39). The business had revenue of $342.21 million for the quarter, compared to the consensus estimate of $349.42 million. Ashford Hospitality Trust had a negative net margin of 4.75% and a negative return on equity of 10.19%. research analysts forecast that Ashford Hospitality Trust will post 1.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 16th. Investors of record on Friday, June 29th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend was Thursday, June 28th. Ashford Hospitality Trust’s dividend payout ratio is currently 35.04%.
In related news, Director Alan Tallis sold 20,000 shares of the business’s stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $8.42, for a total transaction of $168,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 40,900 shares of company stock worth $339,406. 18.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in AHT. Matarin Capital Management LLC acquired a new position in Ashford Hospitality Trust during the first quarter worth about $5,949,000. Renaissance Technologies LLC raised its position in Ashford Hospitality Trust by 29.4% during the fourth quarter. Renaissance Technologies LLC now owns 3,575,500 shares of the real estate investment trust’s stock worth $24,063,000 after acquiring an additional 811,400 shares during the last quarter. Millennium Management LLC raised its position in 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 during the last quarter. Global X Management Co. LLC raised its position in 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 during the last quarter. Finally, Thrivent Financial For Lutherans acquired a new position in Ashford Hospitality Trust during the fourth quarter worth about $2,319,000. Institutional investors own 72.33% of the company’s stock.
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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