Ashford Hospitality Trust Inc. (AHT) Receives $6.20 Consensus Price Target from Analysts
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) have been given an average recommendation of “Hold” by the ten analysts that are covering the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $6.20.
AHT has been the topic of several research reports. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. Deutsche Bank AG reiterated a “buy” rating on shares of Ashford Hospitality Trust in a report on Sunday, June 26th. Credit Suisse Group AG downgraded shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $6.00 to $5.00 in a research report on Thursday, July 21st. Finally, Canaccord Genuity reissued a “hold” rating on shares of Ashford Hospitality Trust in a research report on Monday, August 8th.
Shares of Ashford Hospitality Trust (NYSE:AHT) opened at 5.92 on Thursday. Ashford Hospitality Trust has a 12 month low of $4.15 and a 12 month high of $7.51. The firm’s 50-day moving average is $6.28 and its 200 day moving average is $5.85. The firm’s market capitalization is $569.36 million.
Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. Ashford Hospitality Trust had a negative net margin of 1.17% and a negative return on equity of 2.16%. The firm had revenue of $410.70 million for the quarter, compared to analyst estimates of $406.30 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts anticipate that Ashford Hospitality Trust will post $1.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 8.11%. The ex-dividend date is Wednesday, September 28th. Ashford Hospitality Trust’s payout ratio is -85.71%.
In other news, Director Alan Tallis acquired 4,174 shares of Ashford Hospitality Trust stock in a transaction on Tuesday, August 9th. The stock was acquired at an average cost 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.90% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of Ashford Hospitality Trust by 1.3% in the second quarter. State Street Corp now owns 2,693,440 shares of the real estate investment trust’s stock worth $14,458,000 after buying an additional 34,747 shares during the last quarter. Prudential Financial Inc. boosted its position in Ashford Hospitality Trust by 5.6% in the second quarter. Prudential Financial Inc. now owns 2,491,897 shares of the real estate investment trust’s stock worth $13,382,000 after buying an additional 131,300 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Ashford Hospitality Trust by 5.7% in the second quarter. Glenmede Trust Co. NA now owns 2,199,969 shares of the real estate investment trust’s stock worth $11,813,000 after buying an additional 118,243 shares during the last quarter. BlackRock Fund Advisors boosted its position in Ashford Hospitality Trust by 4.6% in the second quarter. BlackRock Fund Advisors now owns 2,050,894 shares of the real estate investment trust’s stock worth $11,013,000 after buying an additional 90,003 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Ashford Hospitality Trust by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,394,711 shares of the real estate investment trust’s stock worth $7,489,000 after buying an additional 33,383 shares during the last quarter. 70.46% of the stock is owned by institutional investors and hedge funds.
Ashford Hospitality Trust Company Profile
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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