Zacks Investment Research downgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a hold rating to a sell rating in a research note published on Thursday morning.
According to Zacks, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. “
AHT has been the subject of a number of other reports. Deutsche Bank cut their price target on Ashford Hospitality Trust from $9.00 to $8.00 and set a buy rating for the company in a report on Friday, February 9th. B. Riley set a $8.00 price target on Ashford Hospitality Trust and gave the company a buy rating in a report on Friday, March 2nd. Cantor Fitzgerald set a $8.00 price target on Ashford Hospitality Trust and gave the company a buy rating in a report on Monday, March 5th. Finally, ValuEngine cut Ashford Hospitality Trust from a buy rating to a hold rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $7.50.
Shares of NYSE AHT opened at $6.87 on Thursday. The firm has a market cap of $677.63 million, a price-to-earnings ratio of 5.13, a P/E/G ratio of 1.11 and a beta of 1.35. Ashford Hospitality Trust has a 52-week low of $5.42 and a 52-week high of $7.28. The company has a debt-to-equity ratio of 6.36, a current ratio of 3.67 and a quick ratio of 3.67.
Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.71). Ashford Hospitality Trust had a negative net margin of 4.75% and a negative return on equity of 10.19%. The business had revenue of $341.57 million during the quarter, compared to the consensus estimate of $334.44 million. sell-side analysts predict that Ashford Hospitality Trust will post 1.24 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Ashford Hospitality Trust by 1.6% in the fourth quarter. BlackRock Inc. now owns 7,911,925 shares of the real estate investment trust’s stock worth $53,247,000 after purchasing an additional 123,176 shares during the period. Renaissance Technologies LLC increased its position in Ashford Hospitality Trust by 29.4% in the fourth quarter. Renaissance Technologies LLC now owns 3,575,500 shares of the real estate investment trust’s stock worth $24,063,000 after purchasing an additional 811,400 shares during the period. LSV Asset Management increased its position in Ashford Hospitality Trust by 15.6% in the fourth quarter. LSV Asset Management now owns 2,435,832 shares of the real estate investment trust’s stock worth $16,393,000 after purchasing an additional 328,646 shares during the period. Schwab Charles Investment Management Inc. increased its position in Ashford Hospitality Trust by 12.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,639,999 shares of the real estate investment trust’s stock worth $11,038,000 after purchasing an additional 176,995 shares during the period. Finally, Global X Management Co. LLC increased its position in Ashford Hospitality Trust by 28.7% in the first quarter. Global X Management Co. LLC now owns 1,636,644 shares of the real estate investment trust’s stock worth $10,573,000 after purchasing an additional 364,506 shares during the period. 72.40% of the stock is owned by institutional investors and hedge funds.
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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