Zacks Investment Research downgrades Ashford Hospitality Trust (NYSE: AHT) to hold
Ashford Hospitality Trust (NYSE: AHT – Get a Rating) was downgraded by Zacks Investment Research from a “strong buy” rating to a “hold” rating in a research note released Thursday, Zacks.com reports.
According to Zacks, “Ashford Hospitality Trust Inc is a Maryland self-administered corporation and real estate investment trust organized to seek opportunities in the hospitality industry. Initial assets consist of six hotels, including four Embassy Suites and two Radisson properties, as well as eight asset management and advisory agreements.”
A number of other research companies have also recently published reports on AHT. Oppenheimer assumed coverage for Ashford Hospitality Trust shares in a Thursday, April 21 research note. They issued a “market performance” rating and a $10.00 price target on the stock. B. Riley lowered his price target on shares of Ashford Hospitality Trust from $11.00 to $9.00 in a research note on Monday. Finally, StockNews.com took over coverage of Ashford Hospitality Trust shares in a Thursday, March 31 research note. They issued a “sell” rating on the stock. One research analyst rated the stock with a sell rating, four assigned a hold rating and one gave the stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.00.
Shares of NYSE:AHT traded down $0.13 during Thursday’s trading, hitting $5.42. 57,910 shares of the stock have traded, compared to its average volume of 1,152,729. The company has a quick ratio of 5.41, a current ratio of 5.41 and a leverage ratio of 67.56 . The company has a market capitalization of $186.88 million, a price-earnings ratio of -0.57 and a beta of 2.12. The company has a fifty-day moving average price of $7.99 and a two-hundred-day moving average price of $9.49. Ashford Hospitality Trust has a 52-week low of $4.74 and a 52-week high of $77.90.
Ashford Hospitality Trust (NYSE:AHT – Get Rating) last released its quarterly results on Tuesday, May 3. The real estate investment trust reported ($1.71) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.19 per ($1.90). In the same quarter of the previous year, the company achieved EPS of $3.00. On average, equity research analysts expect Ashford Hospitality Trust to post an EPS of 2.41 for the current financial year.
A number of institutional investors and hedge funds have recently changed their positions in AHT. Varde Management LP acquired a new stake in Ashford Hospitality Trust during the 4th quarter at a value of $23,367,000. Two Sigma Advisers LP acquired a new stake in Ashford Hospitality Trust during Q3 valued at $6,269,000. Renaissance Technologies LLC acquired a new stake in Ashford Hospitality Trust during Q1 valued at $3,635,000. Goldman Sachs Group Inc. increased its stake in Ashford Hospitality Trust by 138.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 476,050 shares of the real estate investment trust worth $4,570,000 after buying an additional 276,259 shares in the last quarter. Finally, State Street Corp increased its stake in Ashford Hospitality Trust by 77.5% in the 4th quarter. State Street Corp now owns 586,153 shares of the real estate investment trust worth $5,627,000 after buying an additional 255,837 shares in the last quarter. 47.55% of the shares are currently held by institutional investors.
Ashford Hospitality Trust Company Profile (Get an assessment)
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing primarily in upscale, full-service hotels.
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