Ashford Hospitality Trust (AHT) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Jul 21, 2016.
On the company’s financial health, Ashford Hospitality Trust reported $0.36 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.37. The company had revenue of $367.77 million for the quarter, compared to analysts expectations of $368.06 million. The company’s revenue was up 47.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.
Ashford Hospitality Trust opened for trading at $5.95 and hit $6.17 on the upside on Wednesday, eventually ending the session at $6.16, with a gain of 3.36% or 0.2 points. The heightened volatility saw the trading volume jump to 9,10,762 shares. Company has a market cap of $589 M.
In a different news, on Jun 1, 2016, Benjamin J Md Ansell (director) purchased 3,000 shares at $4.95 per share price. According to the SEC, on Dec 15, 2015, Thomas E Callahan (director) purchased 8,000 shares at $6.18 per share price. On Feb 5, 2015, Douglas A Kessler (President) sold 47,538 shares at $10.72 per share price, according to the Form-4 filing with the securities and exchange commission.
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 hotel’s amenities include 1700 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.