Deutsche Bank set a $8.00 price objective on Ashford Hospitality Trust (NYSE:AHT) in a report issued on Friday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.
Several other equities analysts have also commented on the company. ValuEngine raised Ashford Hospitality Trust from a strong sell rating to a sell rating in a research note on Monday, September 24th. Zacks Investment Research lowered Ashford Hospitality Trust from a buy rating to a hold rating in a research note on Thursday, August 9th. Finally, B. Riley reaffirmed a buy rating and issued a $8.00 price target on shares of Ashford Hospitality Trust in a research note on Monday, November 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Ashford Hospitality Trust presently has an average rating of Hold and a consensus price target of $8.00.
Shares of Ashford Hospitality Trust stock opened at $4.71 on Friday. Ashford Hospitality Trust has a 52 week low of $4.70 and a 52 week high of $8.66. The firm has a market capitalization of $475.89 million, a PE ratio of 3.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 7.79.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Ashford Hospitality Trust by 2.0% during the 3rd quarter. BlackRock Inc. now owns 8,462,278 shares of the real estate investment trust’s stock worth $54,073,000 after acquiring an additional 163,583 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Ashford Hospitality Trust by 13.7% during the 3rd quarter. Renaissance Technologies LLC now owns 6,476,275 shares of the real estate investment trust’s stock worth $41,383,000 after acquiring an additional 780,347 shares in the last quarter. LSV Asset Management lifted its stake in Ashford Hospitality Trust by 25.1% during the 3rd quarter. LSV Asset Management now owns 3,330,913 shares of the real estate investment trust’s stock worth $21,284,000 after acquiring an additional 667,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Ashford Hospitality Trust during the 3rd quarter worth about $10,955,000. Finally, Dimensional Fund Advisors LP lifted its stake in Ashford Hospitality Trust by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,661,098 shares of the real estate investment trust’s stock worth $10,614,000 after acquiring an additional 11,008 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.
Ashford Hospitality Trust Company Profile
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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