Shares of Ashford Hospitality Trust Inc (NYSE:AHT) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.67.
Several brokerages have issued reports on AHT. Zacks Investment Research downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Monday, March 26th. B. Riley set a $8.00 price target on Ashford Hospitality Trust and gave the company a “buy” rating in a report on Friday, March 2nd. Cantor Fitzgerald set a $8.00 price target on Ashford Hospitality Trust and gave the company a “buy” rating in a report on Monday, March 5th. ValuEngine downgraded Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Deutsche Bank dropped their target price on Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, February 9th.
Shares of NYSE:AHT traded down $0.09 during midday trading on Wednesday, hitting $6.64. The stock had a trading volume of 396,923 shares, compared to its average volume of 484,942. Ashford Hospitality Trust has a 12 month low of $5.42 and a 12 month high of $7.20. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 5.84. The stock has a market capitalization of $655.56, a PE ratio of 4.85, a P/E/G ratio of 0.98 and a beta of 1.37.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date is Wednesday, March 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently 35.04%.
Ashford Hospitality Trust declared that its board has approved a share buyback plan on Monday, December 11th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new position in Ashford Hospitality Trust in the fourth quarter valued at about $162,000. Jane Street Group LLC acquired a new position in Ashford Hospitality Trust in the fourth quarter valued at about $202,000. LPL Financial LLC raised its stake in Ashford Hospitality Trust by 464.4% in the fourth quarter. LPL Financial LLC now owns 269,671 shares of the real estate investment trust’s stock valued at $1,815,000 after purchasing an additional 221,894 shares in the last quarter. Millennium Management LLC raised its stake in Ashford Hospitality Trust by 58.6% in the fourth quarter. Millennium Management LLC now owns 1,166,225 shares of the real estate investment trust’s stock valued at $7,849,000 after purchasing an additional 431,065 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in Ashford Hospitality Trust by 48.4% in the fourth quarter. Two Sigma Advisers LP now owns 77,300 shares of the real estate investment trust’s stock valued at $520,000 after purchasing an additional 25,200 shares in the last quarter. 74.63% of the stock is owned by institutional investors and hedge funds.
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About Ashford Hospitality Trust
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
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