Recent analyst research reports have been watching Ashford Hospital Trust (NYSE:$AHT). The company currently holds an aggregate rating of ‘Hold’, with one analyst rating it ‘Sell’, four rating it ‘Hold’, and four rating it ‘Buy’. The aggregate 12-month target price has also been set to $7.46.
AHT is an externally advised REIT – real estate investment trust – that focuses on investments in the hospitality industry, particularly full-service upscale and upper-upscale establishments in the US. The company also conducts its business through its operating partner, Ashford Hospitality Limited Partnership.
Over the last few months, several analyst firms have changed their rating of AHT. On Thursday, September 7th, Zacks Investment Research raised their rating from ‘Sell’ to ‘Hold’. Cantor Fitzgerald reiterated a ‘Buy’ rating and a target price of $7.50 on Thursday, September 14th.Canaccord Genuity, on the other hand, set a target price of $7.00 and reiterated their ‘Hold’ rating. ValueEngine dropped their rating on Thursday, June 22 from a ‘Strong-Buy’ to a ‘Buy. Meanwhile, BidaskClub lowered their rating from ‘Hold’ to ‘Sell’ on Friday, July 28th.
During Friday trading, shares of AHT traded down 0.93%, dropping to $6.39, and traded a volume of 490,114 and a market cap of $622.58 million.
A dividend will also be paid out for AHT shareholders on October 16th with an ex-dividend date of Saturday, September 30th. This means a 7.51% yield and a $0.48 annual dividend.
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