Zacks Investment Research downgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a hold rating to a sell rating in a report released on Tuesday morning.

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. “

Several other brokerages also recently commented on AHT. B. Riley raised their price objective on shares of Ashford Hospitality Trust from $7.50 to $8.00 and gave the company a buy rating in a research report on Monday, August 6th. ValuEngine downgraded shares of Ashford Hospitality Trust from a hold rating to a sell rating in a research report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Ashford Hospitality Trust currently has an average rating of Hold and an average target price of $8.00.

Shares of AHT stock opened at $4.71 on Tuesday. The firm has a market cap of $492.06 million, a PE ratio of 3.93, a PEG ratio of 1.02 and a beta of 1.38. Ashford Hospitality Trust has a one year low of $4.70 and a one year high of $8.66. The company has a debt-to-equity ratio of 7.79, a quick ratio of 3.67 and a current ratio of 3.67.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Global X Management Co LLC grew its stake in Ashford Hospitality Trust by 0.6% during the second quarter. Global X Management Co LLC now owns 1,646,243 shares of the real estate investment trust’s stock valued at $13,335,000 after acquiring an additional 9,599 shares in the last quarter. Teachers Advisors LLC grew its stake in Ashford Hospitality Trust by 6.0% during the third quarter. Teachers Advisors LLC now owns 178,070 shares of the real estate investment trust’s stock valued at $1,138,000 after acquiring an additional 10,133 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 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 acquiring an additional 10,323 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Ashford Hospitality Trust by 89.8% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 22,169 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 10,491 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Ashford Hospitality Trust by 0.7% during the third 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 acquiring an additional 11,008 shares in the last quarter. 73.54% of the stock is 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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