On September 14th, Ashford Hospitality Trust Inc (NYSE:$AHT) again earned a ‘Buy’ rating from Cantor Fitzgerald. Their current target price is set at %7.50.
Ashford is a REIT that is externally advised. They focus on investing in upper scale and upper-upscale hotels located in the US.
On Thursday, Ashford hit $6.50, trading up 0.93%. Their market cap is $633.29 million. Their 50 and 200-day moving average is $6.19 and $6.24 respectively. Their 52 week high was $8.23 and their 52-week low is $5.35. They currently have a trading volume of 119,672.
Other research analysts recently weighed in on the company:
- On June 26th Canaccord Genuity reiterated a ‘Hold’ rating with a target price of $7.00.
- BidaskClub, in a research note on July 28, lowered their rating from ‘Hold’ to ‘Sell’.
- ValuEngine, on August 7th, lowered their rating from ‘Strong-Buy’ to ‘Buy’.
- Zacks Investment Research increased their rating from ‘Sell’ to ‘Hold’ on September 7th.
The consensus price target is $7.46 with a ‘Hold’ rating.
In their quarterly earnings report on August 3rd, Ashford reported $0.52 EPS, $0.03 shy of the analyst consensus of $0.55. At this quarter last year, the company reported a $0.60 EPS. The business reported revenue of $390.70 million, again shy of the consensus of $399.01 and down 4.9% compared to the same quarter last year. The also have a Net Margin of -5.43% and a return of equity of -10.41%.
On October 16, shareholders from before September 30th will receive a dividend of $0.12, with an ex-dividend date of September 28th.
Institutional investors recently shifted their stakes in the company:
- Nationwide Fund Advisors acquired 2,479 shares last quarter, increasing their stock to 476.446 worth roughly $3,035,000. This represents an increase of 0.5%
- Los Angeles Capital Management & Equity Research Inc. acquired 2,200 shares for a total of 47,974 worth approximately $306,000, an increase of 4.8%.
- Eqis Capital Management Inc. acquired 1,481 shares last quarter, totaling 27,113 shares, a 5.8% increase. The approximate value is $165,000.
- BNP Paribas Arbitrage SA bought an additional 1,121 shares during the first quarter, a 2.7% increase. This brings their total shares up to 42.940 worth approximately $274,000.
- Public Employees Retirement System of Ohio acquired 674 shares for a total of 170,329 shares worth approximately $1,036,000. This is an increase of 0.4%.
Ashford currently has 70.27% of its stock owned by institutions.
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