Ashford Hospitality Trust (NYSE:AHT – Get Rating) had its price target cut by Deutsche Bank Aktiengesellschaft from $34.00 to $32.00 in a research note published on Monday morning, The Fly reports.
Separately, B. Riley lifted their target price on Ashford Hospitality Trust from $9.00 to $12.00 and gave the stock a neutral rating in a report on Monday, August 15th.
Get Ashford Hospitality Trust alerts:Ashford Hospitality Trust Stock Performance
AHT opened at $8.95 on Monday. Ashford Hospitality Trust has a one year low of $4.61 and a one year high of $17.21. The stock's fifty day moving average is $8.08 and its 200-day moving average is $7.87. The company has a market capitalization of $308.77 million, a PE ratio of -1.65 and a beta of 2.11.
Ashford Hospitality Trust (NYSE:AHT – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.79) by $0.52. During the same period in the prior year, the company posted $0.04 earnings per share. On average, equities research analysts forecast that Ashford Hospitality Trust will post 1.81 EPS for the current fiscal year.Hedge Funds Weigh In On Ashford Hospitality Trust
Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Ashford Hospitality Trust during the fourth quarter valued at $70,000. New York State Common Retirement Fund grew its holdings in shares of Ashford Hospitality Trust by 144.1% during the fourth quarter. New York State Common Retirement Fund now owns 12,110 shares of the real estate investment trust's stock valued at $116,000 after buying an additional 7,149 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Ashford Hospitality Trust by 9.5% during the fourth quarter. Northern Trust Corp now owns 184,534 shares of the real estate investment trust's stock valued at $1,771,000 after buying an additional 16,046 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Ashford Hospitality Trust by 8.3% during the fourth 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 in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Ashford Hospitality Trust during the fourth quarter valued at $201,000. 47.55% of the stock is currently owned by institutional investors and hedge funds.
About Ashford Hospitality Trust
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Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
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