Ashford Hospitality Trust (AHT) Given a $8.00 Price Target at Deutsche Bank

Ashford Hospitality Trust (NYSE:AHT) received a $8.00 target price from equities research analysts at Deutsche Bank in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank’s price objective indicates a potential upside of 65.63% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. B. Riley set a $8.00 price objective on Ashford Hospitality Trust and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, October 8th. Finally, ValuEngine upgraded Ashford Hospitality Trust from a “strong sell” rating to a “sell” rating in a research note on Monday, September 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.00.

Shares of AHT traded down $0.04 during midday trading on Friday, reaching $4.83. 2,013 shares of the company were exchanged, compared to its average volume of 358,783. The stock has a market cap of $487.01 million, a PE ratio of 3.53, a P/E/G ratio of 1.01 and a beta of 1.38. Ashford Hospitality Trust has a 1-year low of $4.70 and a 1-year high of $8.66. The company has a debt-to-equity ratio of 7.79, a current ratio of 3.67 and a quick ratio of 3.67.



Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.65). The company had revenue of $355.93 million for the quarter, compared to analyst estimates of $359.93 million. Ashford Hospitality Trust had a negative return on equity of 18.33% and a negative net margin of 7.15%. On average, research analysts anticipate that Ashford Hospitality Trust will post 0.96 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its stake in shares of Ashford Hospitality Trust by 100.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 60,714 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 30,357 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Ashford Hospitality Trust in the second quarter worth about $837,000. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Ashford Hospitality Trust by 89.8% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 22,169 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 10,491 shares in the last quarter. Chicago Equity Partners LLC lifted its stake in shares of Ashford Hospitality Trust by 85.6% in the second quarter. Chicago Equity Partners LLC now owns 577,555 shares of the real estate investment trust’s stock worth $4,678,000 after acquiring an additional 266,370 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ashford Hospitality Trust by 82.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,788 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 10,323 shares in the last quarter. Institutional investors and hedge funds own 73.54% 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.

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