Equities research analysts at Oppenheimer started coverage on shares of Ashford Hospitality Trust (NYSE:AHT – Get 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.
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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