Ashford Hospitality Trust Inc (NYSE:AHT) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.

Several other research firms also recently weighed in on AHT. Canaccord Genuity reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a research note on Monday, June 26th. BidaskClub downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cantor Fitzgerald set a $8.00 price objective on Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Thursday, May 18th. Finally, Zacks Investment Research downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Ashford Hospitality Trust presently has a consensus rating of “Hold” and an average target price of $7.54.

Shares of Ashford Hospitality Trust (NYSE:AHT) traded up 0.80% during mid-day trading on Monday, hitting $6.31. The company had a trading volume of 333,343 shares. The firm’s market capitalization is $614.83 million. The firm has a 50-day moving average price of $6.28 and a 200 day moving average price of $6.56. Ashford Hospitality Trust has a 12 month low of $5.35 and a 12 month high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.03. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.36%. The firm had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $399.01 million. During the same period in the previous year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities research analysts forecast that Ashford Hospitality Trust will post ($0.99) earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in Ashford Hospitality Trust by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,028 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 100 shares during the last quarter. Norges Bank bought a new position in Ashford Hospitality Trust during the fourth quarter valued at $7,308,000. UBS Asset Management Americas Inc. increased its position in Ashford Hospitality Trust by 5.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 127,519 shares of the real estate investment trust’s stock valued at $990,000 after buying an additional 6,153 shares during the last quarter. Teachers Advisors LLC increased its position in Ashford Hospitality Trust by 587.9% in the fourth quarter. Teachers Advisors LLC now owns 982,372 shares of the real estate investment trust’s stock valued at $7,623,000 after buying an additional 839,558 shares during the last quarter. Finally, Cutler Capital Management LLC increased its position in Ashford Hospitality Trust by 1.5% in the first quarter. Cutler Capital Management LLC now owns 206,500 shares of the real estate investment trust’s stock valued at $1,315,000 after buying an additional 3,000 shares during the last quarter. 72.09% of the stock is owned by institutional investors.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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