Ashford Hospitality Trust Inc. (AHT) Trading 3.2% Higher
Shares of Ashford Hospitality Trust Inc. (NYSE:AHT) traded up 3.2% on Monday . The company traded as high as $5.75 and last traded at $5.72, with a volume of 321,577 shares changing hands. The stock had previously closed at $5.54.
A number of analysts recently weighed in on the company. Deutsche Bank AG restated a “buy” rating on shares of Ashford Hospitality Trust in a report on Sunday, June 26th. TheStreet downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Janney Montgomery Scott assumed coverage on Ashford Hospitality Trust in a report on Tuesday, March 22nd. They issued a “neutral” rating and a $7.50 price objective for the company. FBR & Co restated a “buy” rating and issued a $8.00 price objective on shares of Ashford Hospitality Trust in a report on Monday, May 9th. Finally, Zacks Investment Research downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Ashford Hospitality Trust presently has a consensus rating of “Hold” and an average price target of $7.90.
The stock’s market capitalization is $552.11 million. The company’s 50 day moving average is $5.34 and its 200 day moving average is $5.51.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.02. During the same period in the prior year, the company earned $0.30 earnings per share. The firm had revenue of $367.77 million for the quarter, compared to the consensus estimate of $357.88 million. The business’s revenue was up 47.0% compared to the same quarter last year. Analysts anticipate that Ashford Hospitality Trust Inc. will post $1.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend was Tuesday, June 28th.
In other Ashford Hospitality Trust news, Director Benjamin J. Md Ansell purchased 5,800 shares of the stock in a transaction on Thursday, May 12th. The stock was acquired at an average cost of $5.66 per share, with a total value of $32,828.00. Following the completion of the purchase, the director now directly owns 52,800 shares of the company’s stock, valued at approximately $298,848. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position 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 position in shares of Ashford Hospitality Trust during the fourth quarter valued at approximately $1,843,000. Rutabaga Capital Management LLC MA increased its position in shares of Ashford Hospitality Trust by 13.4% in the fourth quarter. Rutabaga Capital Management LLC MA now owns 2,616,732 shares of the real estate investment trust’s stock valued at $16,512,000 after buying an additional 309,600 shares during the period. Systematic Financial Management LP purchased a new position in shares of Ashford Hospitality Trust during the fourth quarter valued at approximately $1,577,000. Finally, Mutual of America Capital Management LLC increased its position 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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