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Ashford Hospitality

Ashford Hospitality Trust (NYSE:AHT) Downgraded by ValuEngine

June 27th, 2020 – Comments Off on Ashford Hospitality Trust (NYSE:AHT) Downgraded by ValuEngine – Filed Under – by Mark James ValuEngine cut shares of Ashford Hospitality Trust (NYSE:AHT) from a sell rating to a strong sell rating in a research report report published on Tuesday morning, ValuEngine reports. Several other research firms have also…

June 27th, 2020 – Comments Off on Ashford Hospitality Trust (NYSE:AHT) Downgraded by ValuEngineFiled Under
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Ashford Hospitality Trust, Inc. logoValuEngine cut shares of Ashford Hospitality Trust (NYSE:AHT) from a sell rating to a strong sell rating in a research report report published on Tuesday morning, ValuEngine reports.

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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