Zacks Investment Research upgraded shares of Ashford Hospitality Trust Inc (NYSE:AHT) from a sell rating to a hold rating in a research note published on Thursday morning.

According to Zacks, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. “

Several other equities research analysts also recently commented on the stock. ValuEngine downgraded shares of Ashford Hospitality Trust from a strong-buy rating to a buy rating in a report on Thursday, June 22nd. Cantor Fitzgerald set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the company a buy rating in a report on Thursday, May 18th. Canaccord Genuity reaffirmed a hold rating and set a $7.00 price objective on shares of Ashford Hospitality Trust in a report on Monday, June 26th. Finally, BidaskClub downgraded shares of Ashford Hospitality Trust from a hold rating to a sell rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $7.46.

Ashford Hospitality Trust (NYSE:AHT) opened at 6.31 on Thursday. The company’s market capitalization is $614.78 million. Ashford Hospitality Trust has a 12 month low of $5.35 and a 12 month high of $8.23. The stock has a 50 day moving average of $6.14 and a 200 day moving average of $6.27.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $399.01 million. Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. Ashford Hospitality Trust’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. Equities analysts anticipate that Ashford Hospitality Trust will post ($1.04) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Princeton Alpha Management LP lifted its holdings in Ashford Hospitality Trust by 1.8% during the first quarter. Princeton Alpha Management LP now owns 25,746 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 454 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Ashford Hospitality Trust by 0.4% during the second quarter. Public Employees Retirement System of Ohio now owns 170,329 shares of the real estate investment trust’s stock valued at $1,036,000 after buying an additional 674 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Ashford Hospitality Trust by 2.7% during the first quarter. BNP Paribas Arbitrage SA now owns 42,940 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 1,121 shares during the period. Eqis Capital Management Inc. increased its position in shares of Ashford Hospitality Trust by 5.8% during the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 1,481 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ashford Hospitality Trust by 4.8% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,974 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 2,200 shares during the period. 70.27% of the stock is currently owned by institutional investors and hedge funds.

Ashford Hospitality Trust Company Profile

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.

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Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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