Zacks Investment Research Lowers Ashford Hospitality Trust (NYSE:AHT) to Sell

Zacks Investment Research lowered shares of Ashford Hospitality Trust (NYSE:AHT) from a hold rating to a sell rating in a report published on Thursday morning, Zacks.com reports.

According to Zacks, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. “

Other equities research analysts have also recently issued research reports about the stock. DA Davidson upgraded shares of Ashford Hospitality Trust from an underperform rating to a neutral rating and set a $1.10 target price for the company in a research report on Wednesday, June 17th. B. Riley cut shares of Ashford Hospitality Trust from a buy rating to a neutral rating and decreased their price objective for the stock from $2.00 to $1.50 in a research note on Monday, April 6th. ValuEngine cut shares of Ashford Hospitality Trust from a buy rating to a hold rating in a research note on Friday, July 17th. Finally, Deutsche Bank increased their price target on Ashford Hospitality Trust from $2.00 to $15.00 and gave the stock a buy rating in a research report on Friday, July 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $4.59.

AHT stock opened at $3.92 on Thursday. Ashford Hospitality Trust has a 1-year low of $3.80 and a 1-year high of $34.80. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 21.02. The business’s 50 day moving average is $1.94 and its 200-day moving average is $1.57.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported ($20.85) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($4.78) by ($16.07). Ashford Hospitality Trust had a negative net margin of 33.04% and a negative return on equity of 127.19%. The company had revenue of $43.07 million during the quarter, compared to analyst estimates of $68.04 million. On average, analysts forecast that Ashford Hospitality Trust will post -14.84 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. NJ State Employees Deferred Compensation Plan bought a new position in shares of Ashford Hospitality Trust in the first quarter worth about $27,000. SG Americas Securities LLC increased its holdings in shares of Ashford Hospitality Trust by 186.9% in the first quarter. SG Americas Securities LLC now owns 56,000 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 36,479 shares in the last quarter. Citigroup Inc. raised its position in Ashford Hospitality Trust by 166.5% in the 4th quarter. Citigroup Inc. now owns 19,012 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 11,877 shares during the last quarter. GWM Advisors LLC lifted its holdings in Ashford Hospitality Trust by 6.3% during the 2nd quarter. GWM Advisors LLC now owns 85,000 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 5,000 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Ashford Hospitality Trust by 13.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 167,094 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 50.90% of the company’s stock.

About Ashford Hospitality Trust

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.

Featured Article: What Does a Sell-Side Analyst Rating Mean?

Get a free copy of the Zacks research report on Ashford Hospitality Trust (AHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ashford Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.