Zacks Investment Research upgraded shares of Ashford Hospitality Trust Inc (NYSE:AHT) from a hold rating to a buy rating in a research note published on Tuesday. Zacks Investment Research currently has $7.75 price target on the real estate investment trust’s stock.

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 have also commented on the stock. ValuEngine lowered shares of Ashford Hospitality Trust from a strong-buy rating to a buy rating in a research note on Thursday, June 22nd. Cantor Fitzgerald reiterated a buy rating and issued a $7.50 price objective on shares of Ashford Hospitality Trust in a research note on Thursday, September 14th. Canaccord Genuity reissued a hold rating and set a $7.00 target price on shares of Ashford Hospitality Trust in a research report on Monday, June 26th. Finally, BidaskClub downgraded shares of Ashford Hospitality Trust from a hold rating to a sell rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $7.50.

Ashford Hospitality Trust (NYSE AHT) opened at 7.09 on Tuesday. The stock has a 50 day moving average price of $6.52 and a 200 day moving average price of $6.32. Ashford Hospitality Trust has a one year low of $5.35 and a one year high of $8.23. The company’s market cap is $690.78 million.

Ashford Hospitality Trust (NYSE:AHT) last posted its 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 business had revenue of $390.70 million during the quarter, compared to analyst estimates of $399.01 million. Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. The company’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. On average, equities analysts anticipate that Ashford Hospitality Trust will post ($1.10) EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.77%. The ex-dividend date is Thursday, September 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently -35.82%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC lifted its stake 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 worth $3,365,000 after purchasing an additional 87,957 shares in the last quarter. JPMorgan Chase & Co. lifted its stake 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 worth $30,972,000 after purchasing an additional 99,643 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Ashford Hospitality Trust by 4.8% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,974 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 2,200 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Ashford Hospitality Trust by 4.8% in the 1st quarter. Alliancebernstein L.P. now owns 441,621 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 20,180 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Ashford Hospitality Trust in the 2nd quarter worth approximately $116,000. 70.24% of the stock is owned by institutional investors.

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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