Ashford Hospitality Trust Inc (AHT) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Ashford Hospitality Trust Inc (NYSE:AHT) from a buy rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. “

A number of other analysts have also recently issued reports on the company. B. Riley restated a buy rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Cantor Fitzgerald restated a buy rating and set a $7.50 price objective on shares of Ashford Hospitality Trust in a research report on Tuesday, October 3rd. ValuEngine upgraded Ashford Hospitality Trust from a hold rating to a buy rating in a research report on Wednesday, September 13th. Finally, BidaskClub cut Ashford Hospitality Trust from a hold rating to a sell rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $7.42.

Ashford Hospitality Trust (AHT) opened at $6.31 on Wednesday. The company has a quick ratio of 4.37, a current ratio of 3.94 and a debt-to-equity ratio of 5.29. The company has a market capitalization of $618.59, a P/E ratio of 4.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.53. Ashford Hospitality Trust has a 1 year low of $5.68 and a 1 year high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The business had revenue of $353.33 million during the quarter, compared to the consensus estimate of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. equities analysts anticipate that Ashford Hospitality Trust will post 1.38 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date was Thursday, September 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -35.04%.

Large investors have recently made changes to their positions in the business. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Ashford Hospitality Trust in the second quarter valued at $116,000. SG Americas Securities LLC grew its position in Ashford Hospitality Trust by 80.5% in the third quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 9,060 shares during the period. Schroder Investment Management Group bought a new stake in Ashford Hospitality Trust in the third quarter valued at $156,000. Verition Fund Management LLC bought a new stake in Ashford Hospitality Trust in the second quarter valued at $148,000. Finally, Eqis Capital Management Inc. grew its position in Ashford Hospitality Trust by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 1,481 shares during the period. Hedge funds and other institutional investors own 70.57% 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.

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Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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