Oppenheimer Initiates Coverage on Ashford Hospitality Trust (NYSE:AHT)

Equities research analysts at Oppenheimer started coverage on shares of Ashford Hospitality Trust (NYSE:AHTGet Rating) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “market perform” rating and a $10.00 price target on the real estate investment trust’s stock. Oppenheimer’s price target suggests a potential upside of 23.15% from the stock’s previous close.

A number of other research analysts also recently issued reports on AHT. StockNews.com assumed coverage on Ashford Hospitality Trust in a research note on Thursday, March 31st. They set a “sell” rating on the stock. B. Riley dropped their price target on Ashford Hospitality Trust from $17.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, March 7th. Finally, Zacks Investment Research downgraded Ashford Hospitality Trust from a “hold” rating to a “strong sell” rating in a research note on Friday, March 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.50.

AHT stock opened at $8.12 on Thursday. The company has a debt-to-equity ratio of 67.56, a current ratio of 5.72 and a quick ratio of 5.72. Ashford Hospitality Trust has a 1 year low of $6.56 and a 1 year high of $77.90. The firm has a market capitalization of $279.97 million, a P/E ratio of -0.43 and a beta of 2.07. The business’s 50-day moving average is $8.75 and its two-hundred day moving average is $10.41.

Ashford Hospitality Trust (NYSE:AHTGet Rating) last issued its earnings results on Tuesday, February 22nd. The real estate investment trust reported ($1.75) earnings per share for the quarter, topping the consensus estimate of ($1.95) by $0.20. During the same period last year, the business posted ($16.70) EPS. On average, analysts expect that Ashford Hospitality Trust will post 1.11 EPS for the current year.

Several hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new position in shares of Ashford Hospitality Trust in the 4th quarter valued at approximately $30,000. Asset Management One Co. Ltd. lifted its holdings in shares of Ashford Hospitality Trust by 8.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 50,219 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 3,860 shares during the period. Strs Ohio acquired a new stake in shares of Ashford Hospitality Trust in the 3rd quarter valued at approximately $57,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Ashford Hospitality Trust by 23.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 26,300 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 5,000 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Ashford Hospitality Trust by 46.7% in the 4th quarter. Wells Fargo & Company MN now owns 17,192 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 5,475 shares during the period. Institutional investors own 29.64% of the company’s stock.

About Ashford Hospitality Trust (Get Rating)

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

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