Ashford Hospitality Trust Inc (AHT) Stock Rating Upgraded by ValuEngine

Ashford Hospitality Trust Inc (NYSE:AHT) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other equities research analysts have also recently commented on AHT. Cantor Fitzgerald decreased their target price on Ashford Hospitality Trust from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, August 11th. BidaskClub cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Canaccord Genuity reaffirmed a “hold” rating on shares of Ashford Hospitality Trust in a research note on Friday, May 19th. Finally, Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.46.

Ashford Hospitality Trust (NYSE AHT) opened at 6.46 on Wednesday. Ashford Hospitality Trust has a 12-month low of $5.35 and a 12-month high of $8.23. The company’s market cap is $629.40 million. The stock’s 50 day moving average price is $6.18 and its 200 day moving average price is $6.25.

Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. The business had revenue of $390.70 million for the quarter, compared to analyst estimates of $399.01 million. During the same period in the prior year, the business earned $0.60 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts anticipate that Ashford Hospitality Trust will post ($1.10) EPS for the current year.

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A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Ashford Hospitality Trust by 3.3% in the second quarter. Vanguard Group Inc. now owns 17,010,778 shares of the real estate investment trust’s stock worth $103,426,000 after acquiring an additional 541,526 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Ashford Hospitality Trust by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 5,094,041 shares of the real estate investment trust’s stock worth $30,972,000 after acquiring an additional 99,643 shares in the last quarter. State Street Corp boosted its holdings in Ashford Hospitality Trust by 1.9% in the second quarter. State Street Corp now owns 2,821,019 shares of the real estate investment trust’s stock worth $17,152,000 after acquiring an additional 53,797 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Ashford Hospitality Trust by 2.1% in the second quarter. Prudential Financial Inc. now owns 2,539,027 shares of the real estate investment trust’s stock worth $15,437,000 after acquiring an additional 51,100 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Ashford Hospitality Trust by 5.9% in the second quarter. Renaissance Technologies LLC now owns 2,262,000 shares of the real estate investment trust’s stock worth $13,753,000 after acquiring an additional 126,100 shares in the last quarter. Institutional investors and hedge funds own 70.27% of the company’s stock.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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