Ashford Hospitality Trust Inc. (AHT) Trading Up 2.8%
Ashford Hospitality Trust Inc. (NYSE:AHT)’s share price was up 2.8% on Friday . The company traded as high as $6.80 and last traded at $6.70, with a volume of 284,478 shares traded. The stock had previously closed at $6.52.
A number of equities analysts have recently weighed in on AHT shares. TheStreet cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Credit Suisse Group AG cut shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $6.00 to $5.00 in a research report on Thursday, July 21st. FBR & Co reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Ashford Hospitality Trust in a research report on Monday, May 9th. Finally, Janney Montgomery Scott started coverage on shares of Ashford Hospitality Trust in a research report on Monday, May 23rd. They issued a “neutral” rating and a $5.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $7.33.
The firm’s market cap is $651.11 million. The company has a 50 day moving average of $5.77 and a 200 day moving average of $5.59.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06. The firm had revenue of $410.70 million for the quarter, compared to analyst estimates of $406.30 million. During the same quarter last year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities analysts anticipate that Ashford Hospitality Trust Inc. will post $1.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.09%. The ex-dividend date was Tuesday, June 28th.
In other news, Director Alan Tallis acquired 4,174 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was bought at an average cost of $25.04 per share, for a total transaction of $104,516.96. Following the completion of the transaction, the director now directly owns 249,586 shares in the company, valued at approximately $6,249,633.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several large investors have recently bought and sold shares of the company. Matarin Capital Management LLC purchased a new stake in Ashford Hospitality Trust during the fourth quarter valued at $1,843,000. Systematic Financial Management LP purchased a new stake in Ashford Hospitality Trust during the fourth quarter valued at $1,577,000. Ancora Advisors LLC purchased a new stake in Ashford Hospitality Trust during the fourth quarter valued at $2,404,000. Mutual of America Capital Management LLC boosted its stake 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 valued at $1,091,000 after buying an additional 10,206 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake 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 during the period.
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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