Ashford Hospitality Trust Inc. (AHT) Stock Price Up 2.8%
Ashford Hospitality Trust Inc. (NYSE:AHT)’s share price rose 2.8% during trading on Friday . The company traded as high as $6.80 and last traded at $6.70, with a volume of 284,478 shares. The stock had previously closed at $6.52.
AHT has been the topic of a number of recent analyst reports. Canaccord Genuity reaffirmed a “hold” rating on shares of Ashford Hospitality Trust in a research note on Monday, August 8th. FBR & Co reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Ashford Hospitality Trust in a research note on Monday, May 9th. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a research note on Sunday, June 26th. Finally, Credit Suisse Group AG lowered Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $6.00 to $5.00 in a research note on Thursday, July 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.03.
The stock’s market cap is $651.11 million. The firm has a 50-day moving average price of $5.80 and a 200 day moving average price of $5.60.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $410.70 million for the quarter, compared to the consensus estimate of $406.30 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. Ashford Hospitality Trust’s revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts predict that Ashford Hospitality Trust Inc. will post $1.53 EPS for the current fiscal year.
The business also recently declared 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 was Tuesday, June 28th. This represents a $0.48 annualized dividend and a yield of 7.09%.
In related news, Director Alan Tallis purchased 4,174 shares of Ashford Hospitality Trust stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average cost of $25.04 per share, for a total transaction of $104,516.96. Following the transaction, the director now directly owns 249,586 shares in the company, valued at $6,249,633.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several large investors have modified their holdings of the company. Mutual of America Capital Management LLC raised its stake 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 in the last quarter. Systematic Financial Management LP acquired a new stake in shares of Ashford Hospitality Trust during the fourth quarter worth $1,577,000. Matarin Capital Management LLC acquired a new stake in shares of Ashford Hospitality Trust during the fourth quarter worth $1,843,000. Ancora Advisors LLC acquired a new stake in shares of Ashford Hospitality Trust during the fourth quarter worth $2,404,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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.
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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