Ashford Hospitality Trust Inc (NYSE:AHT) had its target price dropped by Cantor Fitzgerald from $8.00 to $7.50 in a research note issued on Friday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 25.84% from the company’s current price.

A number of other research firms have also recently weighed in on AHT. Canaccord Genuity reiterated a “hold” rating and issued a $7.00 target price on shares of Ashford Hospitality Trust in a research note on Monday, June 26th. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. ValuEngine cut shares of Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, BidaskClub cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.46.

Shares of Ashford Hospitality Trust (NYSE AHT) traded up 0.252% during midday trading on Friday, reaching $5.975. 394,672 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $6.21 and a 200 day moving average price of $6.51. The firm’s market cap is $582.14 million. Ashford Hospitality Trust has a 12 month low of $5.35 and a 12 month high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $390.70 million during the quarter, compared to analysts’ expectations of $399.01 million. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The firm’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Equities research analysts predict that Ashford Hospitality Trust will post ($1.00) earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Ashford Hospitality Trust by 7.3% in the first quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock worth $104,909,000 after buying an additional 1,121,239 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ashford Hospitality Trust by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 5,094,041 shares of the real estate investment trust’s stock worth $30,972,000 after buying an additional 99,643 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Ashford Hospitality Trust by 2.1% in the second quarter. Prudential Financial Inc. now owns 2,539,027 shares of the real estate investment trust’s stock worth $15,437,000 after buying an additional 51,100 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Ashford Hospitality Trust by 15.2% in the first quarter. Renaissance Technologies LLC now owns 2,135,900 shares of the real estate investment trust’s stock worth $13,606,000 after buying an additional 282,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ashford Hospitality Trust by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,536,603 shares of the real estate investment trust’s stock worth $9,788,000 after buying an additional 68,871 shares during the last quarter. Institutional investors own 72.09% of the company’s stock.

About Ashford Hospitality Trust

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.

Analyst Recommendations for Ashford Hospitality Trust (NYSE:AHT)

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