Ashford Hospitality Trust Inc. (AHT) Trading Down 4.3%
Ashford Hospitality Trust Inc. (NYSE:AHT) dropped 4.3% during mid-day trading on Wednesday . The stock traded as low as $5.56 and last traded at $5.58, with a volume of 324,674 shares traded. The stock had previously closed at $5.83.
AHT has been the subject of several recent research reports. Zacks Investment Research upgraded Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. FBR & Co reiterated a “buy” rating and set a $8.00 price target on shares of Ashford Hospitality Trust in a report on Monday, May 9th. Janney Montgomery Scott initiated coverage on Ashford Hospitality Trust in a report on Tuesday, March 22nd. They set a “neutral” rating and a $7.50 price target for the company. TheStreet downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Ashford Hospitality Trust in a report on Sunday, June 26th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Ashford Hospitality Trust presently has a consensus rating of “Hold” and a consensus target price of $8.37.
The stock’s market capitalization is $540.63 million. The firm has a 50-day moving average of $5.29 and a 200-day moving average of $5.51.
Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, May 5th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.02. The firm earned $367.77 million during the quarter, compared to the consensus estimate of $357.88 million. During the same period in the previous year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up 47.0% compared to the same quarter last year. Analysts forecast that Ashford Hospitality Trust Inc. will post $1.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 8.50%. The ex-dividend date of this dividend is Tuesday, June 28th.
In related news, Director Benjamin J. Md Ansell acquired 5,800 shares of the stock in a transaction on Thursday, May 12th. The stock was acquired at an average price of $5.66 per share, for a total transaction of $32,828.00. Following the completion of the purchase, the director now owns 52,800 shares of the company’s stock, valued at $298,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
A number of hedge funds and institutional investors recently made changes to their positions in the stock. Mutual of America Capital Management LLC boosted its position in shares of Ashford Hospitality Trust by 6.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 172,949 shares of the real estate investment trust’s stock worth $1,091,000 after buying an additional 10,206 shares during the last quarter. Systematic Financial Management LP acquired a new position in Ashford Hospitality Trust during the fourth quarter valued at $1,577,000. Matarin Capital Management LLC acquired a new position in Ashford Hospitality Trust during the fourth quarter valued at $1,843,000. Dimensional Fund Advisors LP boosted its position in Ashford Hospitality Trust by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,341,828 shares of the real estate investment trust’s stock valued at $8,467,000 after buying an additional 6,591 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA boosted its position in Ashford Hospitality Trust by 13.4% in the fourth quarter. Rutabaga Capital Management LLC MA now owns 2,616,732 shares of the real estate investment trust’s stock valued at $16,512,000 after buying an additional 309,600 shares in the last quarter.
Ashford Hospitality Trust, Inc (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States.
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