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. “
AHT has been the topic of a number of other reports. Credit Suisse Group AG downgraded shares of Ashford Hospitality Trust from an outperform rating to a neutral rating and reduced their target price for the stock from $6.00 to $5.00 in a research report on Thursday, July 21st. Canaccord Genuity reaffirmed a hold rating on shares of Ashford Hospitality Trust in a research report on Monday, August 8th. Finally, Deutsche Bank AG reaffirmed a buy rating on shares of Ashford Hospitality Trust in a research report on Sunday, June 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Ashford Hospitality Trust currently has an average rating of Hold and an average target price of $6.72.
Shares of Ashford Hospitality Trust (NYSE:AHT) opened at 6.10 on Monday. Ashford Hospitality Trust has a 12-month low of $4.15 and a 12-month high of $7.51. The company’s 50-day moving average is $6.21 and its 200-day moving average is $5.85. The stock’s market cap is $586.67 million.
Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06. The firm had revenue of $410.70 million for the quarter, compared to the consensus estimate of $406.30 million. Ashford Hospitality Trust had a negative net margin of 1.17% and a negative return on equity of 2.16%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. On average, equities research analysts anticipate that Ashford Hospitality Trust will post $1.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.87%. The ex-dividend date is Wednesday, September 28th. Ashford Hospitality Trust’s dividend payout ratio is currently -85.71%.
In related news, Director Alan Tallis bought 4,174 shares of the stock in a transaction on Tuesday, August 9th. The shares were acquired at an average price of $25.04 per share, for a total transaction of $104,516.96. Following the purchase, the director now owns 249,586 shares of the company’s stock, valued at $6,249,633.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 16.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of AHT. Acrospire Investment Management LLC boosted its position in Ashford Hospitality Trust by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 19,500 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 11,700 shares in the last quarter. Springhouse Capital Management LP acquired a new stake in Ashford Hospitality Trust during the second quarter valued at approximately $107,000. Wellington Shields Capital Management LLC raised its stake in Ashford Hospitality Trust by 11.5% in the second quarter. Wellington Shields Capital Management LLC now owns 20,415 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,098 shares during the last quarter. WFG Advisors LP raised its stake in Ashford Hospitality Trust by 9.8% in the second quarter. WFG Advisors LP now owns 22,500 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 2,000 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its stake in Ashford Hospitality Trust by 23.1% in the second quarter. Eqis Capital Management Inc. now owns 35,654 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 6,699 shares during the last quarter. Institutional investors and hedge funds own 70.46% of the company’s stock.
About Ashford Hospitality Trust
Ashford Hospitality Trust, Inc (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States.
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