Analysts Set Ashford Hospitality Trust, Inc. (AHT) Target Price at $7.13

Ashford Hospitality Trust, Inc. (NYSE:AHT) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $7.25.

AHT has been the subject of several recent research reports. FBR & Co set a $8.00 target price on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a report on Saturday, April 8th. DA Davidson initiated coverage on shares of Ashford Hospitality Trust in a report on Wednesday, March 22nd. They set a “buy” rating and a $8.00 target price for the company. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Monday, March 6th. Canaccord Genuity reaffirmed a “hold” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a research note on Wednesday, January 11th. Finally, Robert W. Baird cut shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $7.00 to $8.00 in a research note on Wednesday, January 11th.

TRADEMARK VIOLATION WARNING: “Analysts Set Ashford Hospitality Trust, Inc. (AHT) Target Price at $7.13” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/04/20/ashford-hospitality-trust-inc-aht-receives-7-13-consensus-target-price-from-brokerages-updated-updated.html.

Large investors have recently added to or reduced their stakes in the company. Cutler Capital Management LLC boosted its position in shares of Ashford Hospitality Trust by 5.5% in the third quarter. Cutler Capital Management LLC now owns 202,500 shares of the real estate investment trust’s stock worth $1,192,000 after buying an additional 10,500 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Ashford Hospitality Trust by 44.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 130,000 shares of the real estate investment trust’s stock worth $766,000 after buying an additional 40,000 shares during the period. California Public Employees Retirement System boosted its position in shares of Ashford Hospitality Trust by 5.9% in the third quarter. California Public Employees Retirement System now owns 523,844 shares of the real estate investment trust’s stock worth $3,085,000 after buying an additional 29,000 shares during the period. James Investment Research Inc. boosted its position in shares of Ashford Hospitality Trust by 17.6% in the third quarter. James Investment Research Inc. now owns 148,600 shares of the real estate investment trust’s stock worth $875,000 after buying an additional 22,250 shares during the period. Finally, Arrow Investment Advisors LLC boosted its position in shares of Ashford Hospitality Trust by 20.7% in the third quarter. Arrow Investment Advisors LLC now owns 120,188 shares of the real estate investment trust’s stock worth $708,000 after buying an additional 20,622 shares during the period. 71.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ashford Hospitality Trust (NYSE:AHT) traded up 0.62% during midday trading on Tuesday, reaching $6.47. 335,797 shares of the company’s stock were exchanged. The firm’s market cap is $625.82 million. Ashford Hospitality Trust has a one year low of $4.79 and a one year high of $8.23. The stock’s 50-day moving average is $6.23 and its 200 day moving average is $6.81.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings results on Thursday, February 23rd. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by $0.29. Ashford Hospitality Trust had a negative net margin of 1.42% and a negative return on equity of 2.73%. The company earned $300 million during the quarter, compared to analysts’ expectations of $345 million. During the same quarter in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts anticipate that Ashford Hospitality Trust will post ($0.86) EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were given a $0.12 dividend. The ex-dividend date was Wednesday, March 29th. This represents a $0.48 annualized dividend and a dividend yield of 7.47%. Ashford Hospitality Trust’s dividend payout ratio is presently -71.64%.

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.

5 Day Chart for NYSE:AHT

Receive News & Ratings for Ashford Hospitality Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply