Ashford Hospitality Trust Inc. (AHT) Trading Down 5.7%
Ashford Hospitality Trust Inc. (NYSE:AHT) shares dropped 5.7% during mid-day trading on Wednesday . The company traded as low as $6.64 and last traded at $6.73, with a volume of 348,812 shares changing hands. The stock had previously closed at $7.14.
AHT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. Credit Suisse Group AG cut shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $6.00 to $5.00 in a report on Thursday, July 21st. FBR & Co reaffirmed a “buy” rating and issued a $8.00 target price on shares of Ashford Hospitality Trust in a report on Monday, May 9th. Janney Montgomery Scott initiated coverage on shares of Ashford Hospitality Trust in a report on Monday, May 23rd. They issued a “neutral” rating and a $5.00 target price for the company. Finally, TheStreet cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, May 6th. One investment 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 stock has a consensus rating of “Hold” and a consensus target price of $6.72.
The company has a 50 day moving average of $5.91 and a 200-day moving average of $5.63. The stock’s market capitalization is $650.15 million.
Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. During the same period in the previous year, the firm earned $0.49 earnings per share. The firm had revenue of $410.70 million for the quarter, compared to analyst estimates of $406.30 million. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities analysts anticipate that Ashford Hospitality Trust Inc. will post $1.55 earnings per share for the current fiscal year.
In other news, Director Alan Tallis bought 4,174 shares of Ashford Hospitality Trust stock in a transaction on Tuesday, August 9th. The stock was purchased at an average cost of $25.04 per share, with a total value of $104,516.96. Following the purchase, the director now directly owns 249,586 shares of the company’s stock, valued at approximately $6,249,633.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several hedge funds recently 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 bought a new stake in shares of Ashford Hospitality Trust during the fourth quarter worth $1,577,000. Matarin Capital Management LLC bought a new stake in shares of Ashford Hospitality Trust during the fourth quarter worth $1,843,000. Ancora Advisors LLC bought 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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