Ashford Hospitality Trust (NYSE:AHT) Share Price Crosses Below 50 Day Moving Average of $3.98

Ashford Hospitality Trust, Inc. (NYSE:AHT)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.98 and traded as low as $2.64. Ashford Hospitality Trust shares last traded at $2.65, with a volume of 865,233 shares trading hands.

AHT has been the topic of several analyst reports. ValuEngine downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Zacks Investment Research downgraded Ashford Hospitality Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. DA Davidson downgraded Ashford Hospitality Trust from a “buy” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $4.00 in a report on Monday, June 17th. Finally, Robert W. Baird set a $5.00 target price on Ashford Hospitality Trust and gave the company a “hold” rating in a report on Monday, June 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $6.25.

The stock’s 50 day moving average is $3.78. The company has a debt-to-equity ratio of 11.28, a quick ratio of 3.07 and a current ratio of 3.07. The firm has a market cap of $268.63 million, a PE ratio of 2.06, a price-to-earnings-growth ratio of 0.51 and a beta of 1.40.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.74). The business had revenue of $358.72 million for the quarter, compared to analyst estimates of $353.87 million. Ashford Hospitality Trust had a negative net margin of 9.58% and a negative return on equity of 30.20%. Sell-side analysts predict that Ashford Hospitality Trust, Inc. will post 1.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.06 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.24 annualized dividend and a dividend yield of 9.27%. Ashford Hospitality Trust’s payout ratio is 19.05%.

In other news, Director Benjamin J. Md Ansell bought 25,000 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of $2.90 per share, for a total transaction of $72,500.00. Following the transaction, the director now owns 104,405 shares in the company, valued at $302,774.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin J. Md Ansell bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average price of $3.36 per share, with a total value of $67,200.00. Following the transaction, the director now owns 104,405 shares in the company, valued at approximately $350,800.80. The disclosure for this purchase can be found here. 11.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of AHT. Raymond James & Associates acquired a new position in Ashford Hospitality Trust during the 4th quarter valued at approximately $54,000. RB Capital Management LLC acquired a new position in Ashford Hospitality Trust during the 1st quarter valued at approximately $63,000. Nisa Investment Advisors LLC acquired a new position in Ashford Hospitality Trust during the 1st quarter valued at approximately $70,000. Hsbc Holdings PLC boosted its position in Ashford Hospitality Trust by 20.2% during the 4th quarter. Hsbc Holdings PLC now owns 18,064 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 3,037 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in Ashford Hospitality Trust by 197.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 30,614 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 20,308 shares during the period. Institutional investors own 69.95% of the company’s stock.

Ashford Hospitality Trust Company Profile (NYSE:AHT)

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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