Zacks Research Upgrades Ashford Hospitality Trust (NYSE:AHT) to Hold

Ashford Hospitality Trust (NYSE:AHT) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Ashford Hospitality Trust in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Ashford Hospitality Trust Price Performance

AHT stock opened at $4.21 on Thursday. Ashford Hospitality Trust has a twelve month low of $2.89 and a twelve month high of $10.35. The firm has a market cap of $26.99 million, a price-to-earnings ratio of -0.09 and a beta of 1.65. The business’s fifty day simple moving average is $3.93 and its two-hundred day simple moving average is $5.19.

Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Tuesday, November 4th. The real estate investment trust reported ($2.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.14) by ($1.71). The firm had revenue of $266.06 million for the quarter, compared to analysts’ expectations of $273.80 million. Research analysts expect that Ashford Hospitality Trust will post -0.68 EPS for the current year.

Institutional Trading of Ashford Hospitality Trust

A number of hedge funds have recently added to or reduced their stakes in AHT. Susquehanna International Group LLP grew its holdings in Ashford Hospitality Trust by 49.2% during the 3rd quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock worth $322,000 after acquiring an additional 17,991 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Ashford Hospitality Trust in the 3rd quarter worth approximately $157,000. Dimensional Fund Advisors LP bought a new position in shares of Ashford Hospitality Trust during the third quarter valued at approximately $103,000. Finally, PFG Investments LLC increased its holdings in Ashford Hospitality Trust by 21.5% during the second quarter. PFG Investments LLC now owns 14,882 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 2,630 shares during the period. 41.04% of the stock is owned by hedge funds and other institutional investors.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc (NYSE: AHT) is a real estate investment trust that acquires, owns and operates upscale and upper-upscale full-service hotels in the United States. The company’s portfolio spans a variety of urban, resort and convention-oriented markets and includes both well-known national brands and independent properties. Ashford Hospitality Trust seeks to generate long-term value through active asset management, strategic acquisitions, dispositions and selective joint venture partnerships.

Founded in 2003 and headquartered in Dallas, Texas, Ashford Hospitality Trust invests in properties affiliated with leading hospitality brands, including Marriott, Hilton, Hyatt and Starwood.