Ashford Hospitality Trust (NYSE:AHT) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Ashford Hospitality Trust (NYSE:AHT) from a hold rating to a sell rating in a research report released on Monday 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. “

Several other equities research analysts have also weighed in on AHT. Deutsche Bank set a $5.00 price objective on Ashford Hospitality Trust and gave the stock a buy rating in a research note on Friday, November 1st. ValuEngine raised Ashford Hospitality Trust from a sell rating to a hold rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $4.38.

AHT opened at $2.67 on Monday. The firm has a market cap of $270.59 million, a PE ratio of 2.23 and a beta of 1.35. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 13.41. The business has a fifty day simple moving average of $2.73 and a 200-day simple moving average of $2.82. Ashford Hospitality Trust has a fifty-two week low of $2.33 and a fifty-two week high of $5.89.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 8.99%. This is a positive change from Ashford Hospitality Trust’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, December 30th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is currently 19.05%.

Several large investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd grew its position in shares of Ashford Hospitality Trust by 1,035.7% in the second quarter. Point72 Hong Kong Ltd now owns 11,028 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 10,057 shares during the last quarter. Jane Street Group LLC acquired a new stake in Ashford Hospitality Trust during the second quarter valued at approximately $37,000. D. E. Shaw & Co. Inc. bought a new position in shares of Ashford Hospitality Trust in the second quarter valued at approximately $45,000. Zacks Investment Management bought a new position in shares of Ashford Hospitality Trust in the second quarter valued at approximately $50,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Ashford Hospitality Trust by 286.2% in the fourth quarter. State of Alaska Department of Revenue now owns 28,443 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 21,079 shares during the last quarter. Institutional investors and hedge funds own 59.80% 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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