Ashford Hospitality Trust (NYSE:AHT) Releases Earnings Results

Ashford Hospitality Trust (NYSE:AHT – Get Rating) issued its earnings results on Tuesday. The real estate investment trust reported ($1.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($1.90), MarketWatch Earnings reports. During the same period last year, the business earned ($3.00) earnings per share.

AHT opened at $7.65 on Thursday. The company’s 50 day simple moving average is $8.45 and its 200 day simple moving average is $9.97. The company has a debt-to-equity ratio of 67.56, a current ratio of 5.72 and a quick ratio of 5.72. Ashford Hospitality Trust has a 1 year low of $6.56 and a 1 year high of $77.90.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its position in shares of Ashford Hospitality Trust by 477.3% in the fourth quarter. Citigroup Inc. now owns 11,205 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 9,264 shares during the last quarter. Wells Fargo & Company MN lifted its position in Ashford Hospitality Trust by 46.7% during the fourth quarter. Wells Fargo & Company MN now owns 17,192 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 5,475 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Ashford Hospitality Trust during the fourth quarter worth $288,000. Cubist Systematic Strategies LLC acquired a new position in shares of Ashford Hospitality Trust during the fourth quarter worth $292,000. Finally, Bank of America Corp DE lifted its position in shares of Ashford Hospitality Trust by 91.8% during the fourth quarter. Bank of America Corp DE now owns 32,073 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 15,355 shares in the last quarter. 47.55% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on AHT shares. Zacks Investment Research cut Ashford Hospitality Trust from a “hold” rating to a “strong sell” rating in a report on Friday, March 11th. StockNews.com initiated coverage on Ashford Hospitality Trust in a research note on Thursday, March 31st. They issued a “sell” rating for the company. B. Riley cut their target price on Ashford Hospitality Trust from $17.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, March 7th. Finally, Oppenheimer assumed coverage on Ashford Hospitality Trust in a research report on Thursday, April 21st. They set a “market perform” rating and a $10.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $23.50.

About Ashford Hospitality Trust (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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