Zacks Investment Research Lowers Ashford Hospitality Trust (AHT) to Sell

Ashford Hospitality Trust (NYSE:AHT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

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. “

A number of other analysts also recently weighed in on AHT. ValuEngine downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. B. Riley set a $8.00 price target on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.00.

Shares of Ashford Hospitality Trust stock traded down $0.23 on Tuesday, reaching $4.84. 6,488 shares of the stock were exchanged, compared to its average volume of 376,195. Ashford Hospitality Trust has a one year low of $4.81 and a one year high of $8.66. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 7.79. The company has a market cap of $500.14 million, a PE ratio of 3.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.39.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.65). Ashford Hospitality Trust had a negative return on equity of 18.33% and a negative net margin of 7.15%. The firm had revenue of $355.93 million for the quarter, compared to the consensus estimate of $359.93 million. Research analysts forecast that Ashford Hospitality Trust will post 0.96 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in Ashford Hospitality Trust by 2.0% in the 3rd quarter. BlackRock Inc. now owns 8,462,278 shares of the real estate investment trust’s stock valued at $54,073,000 after purchasing an additional 163,583 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Ashford Hospitality Trust by 13.7% in the 3rd quarter. Renaissance Technologies LLC now owns 6,476,275 shares of the real estate investment trust’s stock valued at $41,383,000 after purchasing an additional 780,347 shares during the last quarter. LSV Asset Management lifted its stake in Ashford Hospitality Trust by 25.1% in the 3rd quarter. LSV Asset Management now owns 3,330,913 shares of the real estate investment trust’s stock valued at $21,284,000 after purchasing an additional 667,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Ashford Hospitality Trust in the 3rd quarter valued at approximately $10,955,000. Finally, Dimensional Fund Advisors LP lifted its stake in Ashford Hospitality Trust by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,661,098 shares of the real estate investment trust’s stock valued at $10,614,000 after purchasing an additional 11,008 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

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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