Ashford Hospitality Trust Inc (AHT) Earns “Hold” Rating from Robert W. Baird

Ashford Hospitality Trust Inc (NYSE:AHT)‘s stock had its “hold” rating reiterated by analysts at Robert W. Baird in a report released on Friday. They currently have a $7.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential upside of 10.94% from the company’s previous close.

Several other research firms also recently commented on AHT. Zacks Investment Research raised Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research note on Tuesday, October 10th. Cantor Fitzgerald reissued a “buy” rating and issued a $7.50 price objective on shares of Ashford Hospitality Trust in a research note on Tuesday, October 3rd. ValuEngine raised Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. BidaskClub downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, B. Riley reissued a “buy” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $7.42.

Ashford Hospitality Trust (NYSE:AHT) opened at $6.31 on Friday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 4.37 and a current ratio of 3.94. The firm has a market capitalization of $618.59, a P/E ratio of 4.88, a PEG ratio of 0.92 and a beta of 1.53. Ashford Hospitality Trust has a 52 week low of $5.68 and a 52 week high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The business had revenue of $353.33 million for the quarter, compared to analyst estimates of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. research analysts anticipate that Ashford Hospitality Trust will post 1.38 earnings per share for the current year.

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Large investors have recently modified their holdings of the business. Chicago Equity Partners LLC grew its holdings in Ashford Hospitality Trust by 18.9% in the 2nd quarter. Chicago Equity Partners LLC now owns 553,437 shares of the real estate investment trust’s stock valued at $3,365,000 after buying an additional 87,957 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Ashford Hospitality Trust by 2.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,094,041 shares of the real estate investment trust’s stock valued at $30,972,000 after buying an additional 99,643 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Ashford Hospitality Trust in the 2nd quarter valued at $116,000. Vanguard Group Inc. grew its holdings in Ashford Hospitality Trust by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock valued at $104,909,000 after buying an additional 1,121,239 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Ashford Hospitality Trust by 15.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,135,900 shares of the real estate investment trust’s stock valued at $13,606,000 after buying an additional 282,600 shares in the last quarter. Institutional investors own 70.57% of the company’s stock.

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.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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