Several other research firms have also weighed in on AHT. DA Davidson upgraded shares of Ashford Hospitality Trust from an underperform rating to a neutral rating and set a $1.10 target price on the stock in a report on Wednesday, June 17th. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a hold rating to a sell rating in a report on Monday, June 8th. Finally, B. Riley lowered shares of Ashford Hospitality Trust from a buy rating to a neutral rating and cut their target price for the company from $2.00 to $1.50 in a research note on Monday, April 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Ashford Hospitality Trust presently has an average rating of Hold and a consensus price target of $2.09.
NYSE:AHT opened at $0.69 on Tuesday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 21.02. The firm has a market capitalization of $70.65 million, a price-to-earnings ratio of -0.34 and a beta of 1.84. The firm’s fifty day simple moving average is $0.79 and its 200 day simple moving average is $1.63. Ashford Hospitality Trust has a twelve month low of $0.47 and a twelve month high of $3.48.
Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Wednesday, May 20th. The real estate investment trust reported ($0.94) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.80) by ($0.14). Ashford Hospitality Trust had a negative net margin of 11.21% and a negative return on equity of 49.24%. On average, analysts predict that Ashford Hospitality Trust will post -1.22 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Citigroup Inc. lifted its position in shares of Ashford Hospitality Trust by 166.5% in the 4th quarter. Citigroup Inc. now owns 19,012 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 11,877 shares in the last quarter. SG Americas Securities LLC acquired a new position in Ashford Hospitality Trust in the 4th quarter valued at approximately $54,000. Schroder Investment Management Group increased its stake in Ashford Hospitality Trust by 30.8% in the 4th quarter. Schroder Investment Management Group now owns 32,409 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 7,626 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new position in Ashford Hospitality Trust in the 1st quarter valued at approximately $27,000. Finally, Meeder Asset Management Inc. increased its stake in Ashford Hospitality Trust by 55.1% in the 4th quarter. Meeder Asset Management Inc. now owns 42,135 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 14,972 shares during the period. Institutional investors and hedge funds own 52.43% of the company’s stock.
Ashford Hospitality Trust Company Profile
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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