Ashford Hospitality Trust (NYSE:AHT) was upgraded by Bank of America Corp. from an “underperform” rating to a “buy” rating in a research note issued on Friday, StockRatingsNetwork.com reports.
Ashford Hospitality Trust (NYSE:AHT) traded up 0.65% during mid-day trading on Friday, hitting $12.30. 258,123 shares of the company’s stock traded hands. Ashford Hospitality Trust has a 1-year low of $8.02 and a 1-year high of $14.26. The stock has a 50-day moving average of $11.84 and a 200-day moving average of $12.26. The company’s market cap is $991.0 million.
Ashford Hospitality Trust (NYSE:AHT) last released its earnings data on Wednesday, July 31st. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.04. The company had revenue of $258.54 million for the quarter, compared to the consensus estimate of $261.96 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts predict that Ashford Hospitality Trust will post $1.57 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on AHT. Analysts at Zacks upgraded shares of Ashford Hospitality Trust (NYSE:AHT) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $12.20 price target on the stock. Separately, analysts at Cantor Fitzgerald cut their price target on shares of Ashford Hospitality Trust (NYSE:AHT) from $15.00 to $13.50 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Ashford Hospitality Trust (NYSE:AHT) in a research note to investors on Tuesday, June 18th.
Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.90.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Thursday, September 26th.
Ashford Hospitality Trust, Inc, (NYSE:AHT) together with its subsidiaries, is a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry.