Shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) have been given a consensus rating of “Hold” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $7.71.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. B. Riley set a $8.00 target price on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Friday, March 2nd. ValuEngine cut shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Cantor Fitzgerald set a $8.00 target price on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Monday, March 5th. Finally, Deutsche Bank decreased their target price on shares of Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, February 9th.
Shares of Ashford Hospitality Trust (AHT) traded up $0.01 on Friday, hitting $6.57. 192,571 shares of the company’s stock traded hands, compared to its average volume of 490,259. Ashford Hospitality Trust has a one year low of $5.42 and a one year high of $7.20. The firm has a market capitalization of $639.05, a PE ratio of -5.09, a price-to-earnings-growth ratio of 0.95 and a beta of 1.40. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.94 and a current ratio of 3.94.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, March 1st. The real estate investment trust reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.71). Ashford Hospitality Trust had a negative return on equity of 8.70% and a negative net margin of 4.44%. The firm had revenue of $341.57 million during the quarter, compared to analyst estimates of $334.44 million. sell-side analysts forecast that Ashford Hospitality Trust will post 1.37 EPS for the current year.
Ashford Hospitality Trust announced that its board has approved a stock repurchase program on Monday, December 11th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.
Several hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new stake in shares of Ashford Hospitality Trust during the fourth quarter worth approximately $162,000. Jane Street Group LLC acquired a new stake in Ashford Hospitality Trust in the fourth quarter valued at approximately $202,000. LPL Financial LLC lifted its stake in Ashford Hospitality Trust by 464.4% in the fourth quarter. LPL Financial LLC now owns 269,671 shares of the real estate investment trust’s stock valued at $1,815,000 after acquiring an additional 221,894 shares during the last quarter. Millennium Management LLC lifted its stake in Ashford Hospitality Trust by 58.6% in the fourth quarter. Millennium Management LLC now owns 1,166,225 shares of the real estate investment trust’s stock valued at $7,849,000 after acquiring an additional 431,065 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in Ashford Hospitality Trust by 48.4% in the fourth quarter. Two Sigma Advisers LP now owns 77,300 shares of the real estate investment trust’s stock valued at $520,000 after acquiring an additional 25,200 shares during the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.
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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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