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. The stock had previously closed at $7.14.

AHT has been the subject of a number of recent research reports. FBR & Co reiterated a “buy” rating and issued a $8.00 price target on shares of Ashford Hospitality Trust in a research note on Monday, May 9th. Deutsche Bank AG reiterated a “buy” rating on shares of Ashford Hospitality Trust in a research note on Sunday, June 26th. Canaccord Genuity reiterated a “hold” rating on shares of Ashford Hospitality Trust in a research note on Monday, August 8th. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Janney Montgomery Scott initiated coverage on shares of Ashford Hospitality Trust in a research note on Monday, May 23rd. They issued a “neutral” rating and a $5.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Ashford Hospitality Trust currently has a consensus rating of “Hold” and a consensus target price of $6.72.

The company’s 50 day moving average is $6.00 and its 200-day moving average is $5.65. The firm’s market capitalization is $654.00 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, topping the Zacks’ consensus estimate of $0.54 by $0.06. The business had revenue of $410.70 million for the quarter, compared to analyst estimates of $406.30 million. During the same period last year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts forecast that Ashford Hospitality Trust Inc. will post $1.55 earnings per share for the current year.

In other Ashford Hospitality Trust news, Director Alan Tallis bought 4,174 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average price of $25.04 per share, with a total value of $104,516.96. Following the transaction, the director now owns 249,586 shares in the company, valued at $6,249,633.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

A number of hedge funds have recently modified their holdings of AHT. Dimensional Fund Advisors LP increased 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 valued at $8,467,000 after buying an additional 6,591 shares during the period. Matarin Capital Management LLC purchased a new stake in shares of Ashford Hospitality Trust during the fourth quarter valued at about $1,843,000. Systematic Financial Management LP purchased a new stake in shares of Ashford Hospitality Trust during the fourth quarter valued at about $1,577,000. Finally, Mutual of America Capital Management LLC increased 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 valued at $1,091,000 after buying an additional 10,206 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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