Ashford Hospitality Trust, Inc. (NYSE:AHT) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Ashford Hospitality Trust, Inc. (NYSE:AHT) have received an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $5.00.
AHT has been the subject of several research analyst reports. Deutsche Bank set a $5.00 price objective on Ashford Hospitality Trust and gave the company a “buy” rating in a research report on Friday, November 1st. ValuEngine downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th.
Hedge funds have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. acquired a new stake in shares of Ashford Hospitality Trust in the 2nd quarter valued at about $31,000. Point72 Hong Kong Ltd raised its position in Ashford Hospitality Trust by 1,035.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 11,028 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 10,057 shares during the last quarter. Jane Street Group LLC bought a new stake in Ashford Hospitality Trust in the 2nd quarter valued at approximately $37,000. D. E. Shaw & Co. Inc. bought a new stake in Ashford Hospitality Trust in the 2nd quarter valued at approximately $45,000. Finally, Zacks Investment Management acquired a new position in Ashford Hospitality Trust during the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 59.80% of the company’s stock.
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.
Recommended Story: Relative Strength Index
Receive News & Ratings for Ashford Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.