Ashford Hospitality Trust (AHT) Lifted to “Buy” at ValuEngine
ValuEngine upgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a hold rating to a buy rating in a research note released on Friday.
Several other brokerages have also weighed in on AHT. B. Riley reissued a buy rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Zacks Investment Research raised Ashford Hospitality Trust from a sell rating to a hold rating in a research report on Thursday, September 7th. Cantor Fitzgerald reissued a buy rating and set a $7.50 target price on shares of Ashford Hospitality Trust in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a hold rating and set a $7.00 target price on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Ashford Hospitality Trust has an average rating of Hold and an average target price of $7.42.
Shares of Ashford Hospitality Trust (AHT) opened at $6.52 on Friday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.94 and a current ratio of 3.94. Ashford Hospitality Trust has a 12-month low of $5.68 and a 12-month high of $8.23. The firm has a market capitalization of $635.15, a PE ratio of 5.02, a PEG ratio of 0.95 and a beta of 1.49.
Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The business had revenue of $353.33 million for the quarter, compared to analyst estimates of $360.10 million. During the same period last year, the business posted $0.40 EPS. Ashford Hospitality Trust’s revenue was down 5.0% on a year-over-year basis. research analysts forecast that Ashford Hospitality Trust will post 1.38 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in AHT. SG Americas Securities LLC grew its stake in Ashford Hospitality Trust by 80.5% during the 3rd quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 9,060 shares during the last quarter. Verition Fund Management LLC purchased a new position in Ashford Hospitality Trust during the 2nd quarter worth approximately $148,000. Schroder Investment Management Group purchased a new position in Ashford Hospitality Trust during the 3rd quarter worth approximately $156,000. WFG Advisors LP grew its stake in Ashford Hospitality Trust by 20.1% during the 2nd quarter. WFG Advisors LP now owns 31,230 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 5,230 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new position in Ashford Hospitality Trust during the 2nd quarter worth approximately $194,000. Hedge funds and other institutional investors own 68.51% of the company’s stock.
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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.
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