Deutsche Bank Reaffirms “Buy” Rating for Ashford Hospitality Trust (NYSE:AHT)

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Deutsche Bank reissued their buy rating on shares of Ashford Hospitality Trust (NYSE:AHT) in a report released on Wednesday, AnalystRatings.com reports. The firm currently has a $5.00 price objective on the real estate investment trust’s stock.

AHT has been the topic of a number of other research reports. DA Davidson reissued a neutral rating on shares of Ashford Hospitality Trust in a research report on Monday, July 29th. ValuEngine cut shares of Ashford Hospitality Trust from a sell rating to a strong sell rating in a research report on Friday, June 14th. Robert W. Baird set a $5.00 price objective on shares of Ashford Hospitality Trust and gave the stock a hold rating in a research report on Monday, June 17th. Finally, Zacks Investment Research raised shares of Ashford Hospitality Trust from a sell rating to a hold rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Ashford Hospitality Trust has an average rating of Hold and a consensus target price of $5.50.

Shares of Ashford Hospitality Trust stock opened at $2.93 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 11.41. The business has a 50-day moving average price of $2.70 and a two-hundred day moving average price of $4.32. Ashford Hospitality Trust has a 1-year low of $2.39 and a 1-year high of $6.63. The company has a market cap of $288.01 million, a P/E ratio of 2.33 and a beta of 1.40.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.71). The business had revenue of $415.15 million for the quarter, compared to analyst estimates of $409.14 million. Ashford Hospitality Trust had a negative return on equity of 32.31% and a negative net margin of 9.28%. Equities research analysts forecast that Ashford Hospitality Trust will post 1.09 EPS for the current fiscal year.

In other news, Director Benjamin J. Md Ansell acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was purchased at an average price of $3.36 per share, for a total transaction of $67,200.00. Following the purchase, the director now owns 104,405 shares in the company, valued at approximately $350,800.80. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin J. Md Ansell acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average price of $2.90 per share, with a total value of $72,500.00. Following the purchase, the director now owns 104,405 shares in the company, valued at approximately $302,774.50. The disclosure for this purchase can be found here. Company insiders own 11.60% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its stake in Ashford Hospitality Trust by 2.4% in the 2nd quarter. Renaissance Technologies LLC now owns 7,010,925 shares of the real estate investment trust’s stock valued at $20,822,000 after buying an additional 167,000 shares during the last quarter. LSV Asset Management increased its stake in shares of Ashford Hospitality Trust by 2.4% during the 2nd quarter. LSV Asset Management now owns 3,385,933 shares of the real estate investment trust’s stock worth $10,056,000 after purchasing an additional 78,520 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ashford Hospitality Trust by 0.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,807,356 shares of the real estate investment trust’s stock worth $8,197,000 after purchasing an additional 13,917 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Ashford Hospitality Trust by 3.2% during the 2nd quarter. Prudential Financial Inc. now owns 2,015,202 shares of the real estate investment trust’s stock worth $5,985,000 after purchasing an additional 61,964 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Ashford Hospitality Trust during the 4th quarter worth approximately $5,869,000. Hedge funds and other institutional investors own 69.97% of the company’s stock.

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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