Ashford Hospitality Trust (NYSE:AHT – Get a Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report released Friday, Zacks.com reports.
According to Zacks, “Ashford Hospitality Trust Inc is a Maryland self-administered corporation and real estate investment trust organized to pursue opportunities in the hospitality industry. The initial assets consist of six hotels comprising four Embassy Suites and two properties Radisson as well as eight management assets and advisory contracts.”
Separately, B. Riley cut his price target on Ashford Hospitality Trust from $17.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday.
Shares of NYSE:AHT traded down $0.31 during Friday’s midday session, hitting $8.25. The stock had a trading volume of 56,434 shares, compared to an average volume of 1,253,837. The company has a current ratio of 5.72, a quick ratio of 5.72 and a debt ratio of 67, 56. The company has a market capitalization of $284.57 million, a P/E ratio of -0.44 and a beta of 2.03. Ashford Hospitality Trust has a 1 year minimum of $6.56 and a 1 year maximum of $77.90. The company’s 50-day moving average price is $8.93 and its 200-day moving average price is $11.69.
Ashford Hospitality Trust (NYSE:AHT – Get Rating) last released quarterly earnings data on Tuesday, February 22. The real estate investment trust reported ($1.75) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($1.95) by $0.20. During the same period of the previous year, the company achieved EPS ($16.70). Analysts expect Ashford Hospitality Trust to post earnings per share of 1.82 for the current financial year.
A number of institutional investors have recently bought and sold shares of the company. Varde Management LP acquired a new stake in Ashford Hospitality Trust during Q4 valued at approximately $23,367,000. State Street Corp increased its position in Ashford Hospitality Trust by 3,669.6% during the second quarter. State Street Corp now owns 1,922,506 shares of the real estate investment trust worth $8,767,000 after purchasing an additional 1,871,506 shares during the period. Charles Schwab Investment Management Inc. increased its position in Ashford Hospitality Trust by 4,614.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 944,147 shares of the real estate investment trust worth $4,306,000 after purchasing an additional 924,120 shares during the period. Northern Trust Corp increased its position in Ashford Hospitality Trust by 551.0% during the second quarter. Northern Trust Corp now owns 1,083,882 shares of the real estate investment trust worth $4,943,000 after purchasing an additional 917,382 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in Ashford Hospitality Trust during the 2nd quarter with a value of approximately $2,132,000. Institutional investors hold 29.64% of the company’s shares.
About Ashford Hospitality Trust (Get an assessment)
Ashford Hospitality Trust, Inc is a real estate investment trust that invests in the hospitality industry. The Company’s investments include direct hotel investments, mezzanine financings through origination or acquisition, first mortgage financings through origination or acquisition, sale-leaseback transactions and other hotel transactions. .
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