ValuEngine cut shares of Ashford Hospitality Trust (NYSE:AHT) from a hold rating to a sell rating in a research note published on Tuesday.

Several other brokerages have also commented on AHT. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a hold rating to a sell rating in a report on Thursday, May 17th. B. Riley raised their price objective on shares of Ashford Hospitality Trust from $7.50 to $8.00 and gave the stock a buy rating in a report on Monday. Finally, Robert W. Baird raised their price objective on shares of Ashford Hospitality Trust from $7.00 to $8.00 and gave the stock a neutral rating in a report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Ashford Hospitality Trust has a consensus rating of Hold and a consensus target price of $7.80.

Shares of AHT opened at $6.53 on Tuesday. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 6.36. Ashford Hospitality Trust has a one year low of $5.42 and a one year high of $8.66. The stock has a market capitalization of $643.11 million, a price-to-earnings ratio of 4.87, a P/E/G ratio of 1.05 and a beta of 1.30.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.25). Ashford Hospitality Trust had a negative return on equity of 10.19% and a negative net margin of 4.75%. The company had revenue of $389.16 million during the quarter, compared to analysts’ expectations of $390.19 million. sell-side analysts predict that Ashford Hospitality Trust will post 1.11 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 16th. Stockholders of record on Friday, June 29th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 7.35%. Ashford Hospitality Trust’s payout ratio is 35.04%.

In other news, Director Alan Tallis sold 20,000 shares of Ashford Hospitality Trust stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $8.42, for a total transaction of $168,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 40,900 shares of company stock valued at $339,406 over the last quarter. Company insiders own 18.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Smith Asset Management Group LP lifted its holdings in shares of Ashford Hospitality Trust by 64.8% during the first quarter. Smith Asset Management Group LP now owns 20,825 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 8,192 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ashford Hospitality Trust by 82.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,788 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 10,323 shares during the last quarter. Strs Ohio lifted its holdings in shares of Ashford Hospitality Trust by 8.6% during the second quarter. Strs Ohio now owns 145,216 shares of the real estate investment trust’s stock valued at $1,176,000 after purchasing an additional 11,444 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Ashford Hospitality Trust during the second quarter valued at approximately $119,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Ashford Hospitality Trust during the first quarter valued at approximately $104,000. Hedge funds and other institutional investors own 72.52% 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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