Ashford Hospitality Trust Inc. (AHT) Shares Up 3.2%
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) shot up 3.2% during trading on Monday . The stock traded as high as $5.75 and last traded at $5.72, with a volume of 321,577 shares changing hands. The stock had previously closed at $5.54.
A number of analysts have issued reports on the company. Janney Montgomery Scott assumed coverage on Ashford Hospitality Trust in a research report on Tuesday, March 22nd. They issued a “neutral” rating and a $7.50 target price on the stock. TheStreet lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. FBR & Co reissued a “buy” rating and issued a $8.00 target price on shares of Ashford Hospitality Trust in a research report on Monday, May 9th. Zacks Investment Research lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 12th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Ashford Hospitality Trust in a research report on Sunday, June 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.90.
The stock’s market capitalization is $570.29 million. The company has a 50-day moving average price of $5.38 and a 200 day moving average price of $5.49.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.02. During the same quarter in the prior year, the business posted $0.30 EPS. The company had revenue of $367.77 million for the quarter, compared to analysts’ expectations of $357.88 million. The business’s revenue was up 47.0% compared to the same quarter last year. Analysts expect that Ashford Hospitality Trust Inc. will post $1.53 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 8.05%.
In other news, Director Benjamin J. Md Ansell bought 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average price of $5.66 per share, for a total transaction of $32,828.00. Following the completion of the transaction, the director now owns 52,800 shares in the company, valued at $298,848. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
A number of institutional investors recently bought and sold shares of AHT. Rutabaga Capital Management LLC MA increased 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 worth $16,512,000 after buying an additional 309,600 shares in the last quarter. Dimensional Fund Advisors LP increased 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 worth $8,467,000 after buying an additional 6,591 shares in the last quarter. Matarin Capital Management LLC bought a new position in Ashford Hospitality Trust during the fourth quarter worth $1,843,000. Systematic Financial Management LP bought a new position in Ashford Hospitality Trust during the fourth quarter worth $1,577,000. Finally, Mutual of America Capital Management LLC increased its position in 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 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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