Ashford Hospitality Trust (NYSE:AHT) Receives “Buy” Rating from Deutsche Bank

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Deutsche Bank restated their buy rating on shares of Ashford Hospitality Trust (NYSE:AHT) in a report published on Wednesday, AnalystRatings.com reports. The firm currently has a $5.00 price target on the real estate investment trust’s stock.

AHT has been the subject of several other research reports. Zacks Investment Research raised Ashford Hospitality Trust from a sell rating to a hold rating in a research report on Tuesday, July 23rd. DA Davidson reissued a neutral rating on shares of Ashford Hospitality Trust in a research report on Monday, July 29th. ValuEngine cut Ashford Hospitality Trust from a sell rating to a strong sell rating in a research report on Friday, June 14th. Finally, Robert W. Baird set a $5.00 price objective on Ashford Hospitality Trust and gave the stock a hold rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $5.50.

NYSE AHT opened at $2.93 on Wednesday. Ashford Hospitality Trust has a twelve month low of $2.39 and a twelve month high of $6.63. The company has a debt-to-equity ratio of 11.41, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a market capitalization of $290.05 million, a PE ratio of 2.33 and a beta of 1.40. The stock has a 50-day simple moving average of $2.70 and a 200 day simple moving average of $4.32.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.71). Ashford Hospitality Trust had a negative return on equity of 32.31% and a negative net margin of 9.28%. The business had revenue of $415.15 million for the quarter, compared to analyst estimates of $409.14 million. As a group, equities research analysts forecast that Ashford Hospitality Trust will post 1.09 EPS for the current fiscal year.

In other news, Director Benjamin J. Md Ansell purchased 20,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was purchased at an average price of $3.36 per share, with a total value of $67,200.00. Following the acquisition, the director now directly owns 104,405 shares in the company, valued at approximately $350,800.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Benjamin J. Md Ansell purchased 25,000 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of $2.90 per share, with a total value of $72,500.00. Following the acquisition, the director now owns 104,405 shares in the company, valued at $302,774.50. The disclosure for this purchase can be found here. Corporate insiders own 11.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of AHT. Bank of New York Mellon Corp raised its holdings in Ashford Hospitality Trust by 20.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,086,957 shares of the real estate investment trust’s stock valued at $4,348,000 after acquiring an additional 181,661 shares in the last quarter. Raymond James & Associates acquired a new position in Ashford Hospitality Trust in the 4th quarter valued at approximately $54,000. Geode Capital Management LLC raised its holdings in Ashford Hospitality Trust by 11.3% in the 4th quarter. Geode Capital Management LLC now owns 1,242,214 shares of the real estate investment trust’s stock valued at $4,968,000 after acquiring an additional 125,675 shares in the last quarter. Bank of America Corp DE raised its holdings in Ashford Hospitality Trust by 130.0% in the 4th quarter. Bank of America Corp DE now owns 117,408 shares of the real estate investment trust’s stock valued at $470,000 after acquiring an additional 66,353 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in Ashford Hospitality Trust by 16.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 49,782 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 7,163 shares in the last quarter. 69.97% of the stock is owned by hedge funds and other institutional investors.

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.

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