Ashford Hospitality Trust, Inc. (NYSE:AHT) announced a quarterly dividend on Monday, June 17th, Wall Street Journal reports. Investors of record on Friday, June 28th will be paid a dividend of 0.06 per share by the real estate investment trust on Monday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 9.34%. The ex-dividend date is Thursday, June 27th.
Ashford Hospitality Trust has a dividend payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ashford Hospitality Trust to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 21.4%.
Shares of NYSE AHT traded down $0.06 during midday trading on Wednesday, reaching $2.57. 962,403 shares of the company traded hands, compared to its average volume of 703,787. Ashford Hospitality Trust has a 52 week low of $2.47 and a 52 week high of $8.38. The stock’s 50-day moving average is $3.73. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 11.28. The firm has a market capitalization of $268.63 million, a P/E ratio of 2.04, a price-to-earnings-growth ratio of 0.51 and a beta of 1.40.
A number of brokerages recently weighed in on AHT. DA Davidson cut LegacyTexas Financial Group from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research note on Monday, June 17th. ValuEngine cut USD Partners from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. Robert W. Baird set a $5.00 price target on Ashford Hospitality Trust and gave the stock a “hold” rating in a research note on Monday, June 17th. Finally, Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.25.
In other news, Director Benjamin J. Md Ansell purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was acquired at an average price of $3.36 per share, with a total value of $67,200.00. Following the purchase, the director now owns 104,405 shares in the company, valued at approximately $350,800.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin J. Md Ansell purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average cost of $2.90 per share, with a total value of $72,500.00. Following the purchase, the director now owns 104,405 shares in the company, valued at approximately $302,774.50. The disclosure for this purchase can be found here. Insiders own 11.60% 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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