Cantor Fitzgerald reissued their buy rating on shares of Ashford Hospitality Trust Inc (NYSE:AHT) in a research report report published on Tuesday morning. They currently have a $7.50 price target on the real estate investment trust’s stock.

“Focus on upper upscale full-service hotels, evaluating options regarding select-service portfolio. We note that the company announced the strategy in June 2015. Since then, it has sold nine select-service hotels for $218m. There are 61 additional select-service hotels in the portfolio, with TTM Hotel EBITDA of $147m (31% of total TTM, as of 2Q). The company is looking at strategic alternatives for select-service, although timing and alternatives remain uncertain (hurdles include assets in debt pools, use of proceeds, etc.).”,” Cantor Fitzgerald’s analyst commented.

AHT has been the subject of a number of other reports. ValuEngine downgraded Ashford Hospitality Trust from a strong-buy rating to a buy rating in a report on Monday, August 7th. BidaskClub downgraded Ashford Hospitality Trust from a hold rating to a sell rating in a report on Friday, July 28th. Zacks Investment Research downgraded Ashford Hospitality Trust from a hold rating to a sell rating in a report on Tuesday, July 11th. Finally, Canaccord Genuity reiterated a hold rating and set a $7.00 price objective on shares of Ashford Hospitality Trust in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Ashford Hospitality Trust presently has a consensus rating of Hold and an average price target of $7.46.

Shares of Ashford Hospitality Trust (NYSE AHT) opened at 6.90 on Tuesday. The company’s market cap is $672.27 million. The company has a 50 day moving average price of $6.38 and a 200 day moving average price of $6.28. Ashford Hospitality Trust has a 52 week low of $5.35 and a 52 week high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $390.70 million for the quarter, compared to the consensus estimate of $399.01 million. Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. On average, equities analysts expect that Ashford Hospitality Trust will post ($1.10) earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a $0.12 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.48 dividend on an annualized basis and a yield of 6.96%. Ashford Hospitality Trust’s dividend payout ratio is -35.82%.

A number of hedge funds have recently bought and sold shares of AHT. Raymond James Financial Services Advisors Inc. grew its stake in Ashford Hospitality Trust by 43.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,942 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 5,442 shares in the last quarter. Utah Retirement Systems grew its stake in Ashford Hospitality Trust by 38.8% in the first quarter. Utah Retirement Systems now owns 17,900 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 5,000 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Ashford Hospitality Trust in the second quarter valued at approximately $116,000. Verition Fund Management LLC bought a new position in Ashford Hospitality Trust in the second quarter valued at approximately $148,000. Finally, Eqis Capital Management Inc. grew its stake in Ashford Hospitality Trust by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 1,481 shares in the last quarter. Hedge funds and other institutional investors own 70.27% 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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