Ashford Hospitality Trust (AHT) Given a $8.00 Price Target by B. Riley Analysts
Ashford Hospitality Trust (NYSE:AHT) received a $8.00 target price from research analysts at B. Riley in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price objective suggests a potential upside of 32.67% from the company’s previous close.
Several other equities analysts have also recently weighed in on AHT. Zacks Investment Research raised Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Tuesday, November 7th. Robert W. Baird reissued a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a report on Friday, November 10th. ValuEngine cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Deutsche Bank lowered their price target on Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.56.
Ashford Hospitality Trust (NYSE AHT) opened at $6.03 on Friday. The firm has a market capitalization of $587.42, a price-to-earnings ratio of -4.28, a PEG ratio of 0.80 and a beta of 1.40. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.94 and a current ratio of 3.94. Ashford Hospitality Trust has a twelve month low of $5.42 and a twelve month high of $7.20.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Ashford Hospitality Trust by 1.6% in the 4th quarter. BlackRock Inc. now owns 7,911,925 shares of the real estate investment trust’s stock worth $53,247,000 after purchasing an additional 123,176 shares during the period. Renaissance Technologies LLC raised its holdings in Ashford Hospitality Trust by 29.4% in the 4th quarter. Renaissance Technologies LLC now owns 3,575,500 shares of the real estate investment trust’s stock worth $24,063,000 after purchasing an additional 811,400 shares during the period. State Street Corp raised its holdings in Ashford Hospitality Trust by 1.9% in the 2nd quarter. State Street Corp now owns 2,821,019 shares of the real estate investment trust’s stock worth $17,152,000 after purchasing an additional 53,797 shares during the period. LSV Asset Management raised its holdings in Ashford Hospitality Trust by 15.6% in the 4th quarter. LSV Asset Management now owns 2,435,832 shares of the real estate investment trust’s stock worth $16,393,000 after purchasing an additional 328,646 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Ashford Hospitality Trust by 12.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,639,999 shares of the real estate investment trust’s stock worth $11,038,000 after purchasing an additional 176,995 shares during the period. 72.31% of the stock is currently owned by institutional investors.
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Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.
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