Ashford Hospitality Trust Inc (NYSE:AHT) : Zacks Investment Research ranks Ashford Hospitality Trust Inc (NYSE:AHT) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.38, which indicates as a Buy.
Ashford Hospitality Trust Inc (NYSE:AHT) stock is expected to deviate a maximum of $1.84 from the average target price of $6.94 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $5.
Company shares have received an average consensus rating of Hold for the current week
Ashford Hospitality Trust Inc (NYSE:AHT): stock turned positive on Tuesday. Though the stock opened at $5.01, the bulls momentum made the stock top out at $5.22 level for the day. The stock recorded a low of $4.98 and closed the trading day at $5.05, in the green by 2.02%. The total traded volume for the day was 725,867. The stock had closed at $4.95 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Ashford Hospitality Trust Inc, Ansell Benjamin J Md, had purchased 3,000 shares in a transaction dated on May 27, 2016. The transaction was executed at $4.95 per share with total amount equaling $14,850.
Ashford Hospitality Trust, Inc., (Ashford), together with its subsidiaries, is a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry. The Company is engaged in direct hotel investments within the hotel lodging industry. Ashford owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Its hotels are primarily operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. Its hotels are located in the United States. The Company, through Remington Lodging, manages the Hampton Inn & Suites Gainesville hotel, which has 124 guestrooms, including 27 studio suites. The hotels amenities include 1,700 square feet of meeting space, a boardroom, Saltwater Lap Pool and Spa, Jump Start fitness center and on-site parking. Ashford OP General Partner LLC is a wholly owned subsidiary of the Company.