Ashford Hospitality Trust Inc. (AHT) Shares Up 1.2%
Ashford Hospitality Trust Inc. (NYSE:AHT) shares shot up 1.2% during trading on Wednesday . The stock traded as high as $7.04 and last traded at $6.95, with a volume of 185,832 shares traded. The stock had previously closed at $6.87.
Several research firms have commented on AHT. Deutsche Bank AG restated a “buy” rating on shares of Ashford Hospitality Trust in a research report on Sunday, June 26th. Janney Montgomery Scott began coverage on shares of Ashford Hospitality Trust in a research report on Monday, May 23rd. They issued a “neutral” rating and a $5.00 target price for the company. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. Canaccord Genuity reaffirmed a “hold” rating on shares of Ashford Hospitality Trust in a research note on Monday, August 8th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $8.00 price target on shares of Ashford Hospitality Trust in a research note on Monday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Ashford Hospitality Trust has a consensus rating of “Hold” and an average target price of $6.72.
The company’s market capitalization is $650.15 million. The firm’s 50 day moving average price is $6.37 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 Thomson Reuters’ consensus estimate of $0.54 by $0.06. The firm had revenue of $410.70 million for the quarter, compared to the consensus estimate of $406.30 million. During the same period in the prior year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, analysts predict that Ashford Hospitality Trust Inc. will post $1.55 earnings per share for the current year.
In other news, Director Alan Tallis acquired 4,174 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was acquired at an average price of $25.04 per share, with a total value of $104,516.96. Following the completion of the transaction, the director now directly owns 249,586 shares of the company’s stock, valued at approximately $6,249,633.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.