Ashford Hospitality Trust (NYSE:AHT) Stock Rating Reaffirmed by DA Davidson

DA Davidson restated their neutral rating on shares of Ashford Hospitality Trust (NYSE:AHT) in a report released on Monday morning, Zacks.com reports.

AHT has been the topic of several other reports. ValuEngine lowered Ashford Hospitality Trust from a sell rating to a strong sell rating in a report on Friday, June 14th. Zacks Investment Research raised Ashford Hospitality Trust from a sell rating to a hold rating in a report on Tuesday, July 23rd. Finally, Robert W. Baird set a $5.00 target price on Ashford Hospitality Trust and gave the stock a hold rating in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $6.25.

Ashford Hospitality Trust stock traded up $0.02 during midday trading on Monday, hitting $2.57. 1,604,147 shares of the company were exchanged, compared to its average volume of 780,240. The company has a market cap of $271.70 million, a price-to-earnings ratio of 2.04, a PEG ratio of 0.49 and a beta of 1.39. Ashford Hospitality Trust has a fifty-two week low of $2.39 and a fifty-two week high of $7.79. The stock’s fifty day simple moving average is $2.83. The company has a debt-to-equity ratio of 11.28, a current ratio of 3.07 and a quick ratio of 3.07.

Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.44 by ($0.71). The company 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 30.20% and a negative net margin of 9.58%. Equities research analysts expect that Ashford Hospitality Trust will post 1.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 9.34%. The ex-dividend date was Thursday, June 27th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is 19.05%.

In other Ashford Hospitality Trust news, Director Benjamin J. Md Ansell acquired 25,000 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were bought at an average cost of $2.90 per share, with a total value of $72,500.00. Following the completion of the acquisition, the director now owns 104,405 shares in the company, valued at $302,774.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin J. Md Ansell acquired 20,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was acquired at an average cost of $3.36 per share, for a total transaction of $67,200.00. Following the completion of the acquisition, the director now owns 104,405 shares of the company’s stock, valued at approximately $350,800.80. The disclosure for this purchase can be found here. 11.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Berman Capital Advisors LLC purchased a new stake in shares of Ashford Hospitality Trust in the 2nd quarter valued at $217,000. SG Americas Securities LLC boosted its holdings in shares of Ashford Hospitality Trust by 45.0% during the second quarter. SG Americas Securities LLC now owns 75,252 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 23,339 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Ashford Hospitality Trust by 85.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 93,813 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 43,312 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Ashford Hospitality Trust by 21.6% during the second quarter. State of Alaska Department of Revenue now owns 34,752 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 6,183 shares during the last quarter. Finally, Campbell Capital Management Inc. acquired a new stake in shares of Ashford Hospitality Trust during the second quarter worth $163,000. 69.66% of the stock is currently owned by institutional investors.

Ashford Hospitality Trust Company Profile

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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