Ashford Hospitality Trust, Inc. (NYSE:AHT) Receives Consensus Rating of “Hold” from Brokerages

Ashford Hospitality Trust, Inc. (NYSE:AHT – Get Rating) has received an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

A number of research analysts have weighed in on AHT shares. StockNews.com started coverage on Ashford Hospitality Trust in a report on Thursday, March 31st. They set a “sell” rating on the stock. Oppenheimer initiated coverage on Ashford Hospitality Trust in a report on Thursday. They issued a “market perform” rating for the company. Zacks Investment Research cut shares of Ashford Hospitality Trust from a “hold” rating to a “strong sell” rating in a report on Friday, March 11th. Finally, B. Riley decreased their price target on shares of Ashford Hospitality Trust from $17.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, March 7th.

Large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Ashford Hospitality Trust by 7.6% in the fourth quarter. BlackRock Inc. now owns 1,703,833 shares of the real estate investment trust’s stock worth $16,356,000 after buying an additional 120,371 shares in the last quarter. Wells Fargo & Company MN lifted its position in Ashford Hospitality Trust by 46.7% in the 4th quarter. Wells Fargo & Company MN now owns 17,192 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 5,475 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Ashford Hospitality Trust by 138.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 476,050 shares of the real estate investment trust’s stock worth $4,570,000 after purchasing an additional 276,259 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Ashford Hospitality Trust by 47.9% in the 4th quarter. Virtu Financial LLC now owns 32,404 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 10,488 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Ashford Hospitality Trust in the fourth quarter worth $288,000. Hedge funds and other institutional investors own 29.64% of the company’s stock.

NYSE:AHT traded down $0.21 during trading hours on Thursday, hitting $8.49. The company had a trading volume of 765,479 shares, compared to its average volume of 1,152,248. The company has a debt-to-equity ratio of 67.56, a current ratio of 5.72 and a quick ratio of 5.72. The stock has a 50-day moving average price of $8.75 and a 200 day moving average price of $10.48. The company has a market capitalization of $292.73 million, a PE ratio of -0.45 and a beta of 2.07. Ashford Hospitality Trust has a 52 week low of $6.56 and a 52 week high of $77.90.

Ashford Hospitality Trust (NYSE:AHT – Get Rating) last posted its earnings results on Tuesday, February 22nd. The real estate investment trust reported ($1.75) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.95) by $0.20. During the same quarter in the previous year, the firm earned ($16.70) earnings per share. Analysts anticipate that Ashford Hospitality Trust will post 1.11 EPS for the current fiscal year.

Ashford Hospitality Trust Company Profile (Get Rating)

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

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