Ashford Hospitality Trust Inc. (AHT) Stock Price Down 2.6%
Ashford Hospitality Trust Inc. (NYSE:AHT)’s share price fell 2.6% during trading on Thursday . The company traded as low as $6.73 and last traded at $6.79, with a volume of 275,304 shares. The stock had previously closed at $6.97.
A number of brokerages recently commented on AHT. Deutsche Bank AG reissued a “buy” rating on shares of Ashford Hospitality Trust in a research note on Sunday, June 26th. Canaccord Genuity reissued a “hold” rating on shares of Ashford Hospitality Trust in a research note on Monday, August 8th. TheStreet downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Janney Montgomery Scott began 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 objective for the company. Finally, FBR & Co reissued a “buy” rating and issued a $8.00 price objective on shares of Ashford Hospitality Trust in a research note on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.72.
The company’s market cap is $655.92 million. The firm’s 50 day moving average price is $6.41 and its 200 day moving average price is $5.78.
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 Zacks’ consensus estimate of $0.54 by $0.06. During the same period in the previous year, the business posted $0.49 EPS. The company had revenue of $410.70 million for the quarter, compared to analysts’ expectations of $406.30 million. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts predict that Ashford Hospitality Trust Inc. will post $1.55 EPS for the current fiscal year.
In related news, Director Alan Tallis acquired 4,174 shares of the 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 of the company’s stock, valued at approximately $6,249,633.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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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