Ashford Hospitality Trust Inc. Rating goes from Buy to Hold

Ashford Hospitality Trust Inc.

Ashford Hospitality Trust Inc. (NYSE:$AHT) stock has been taking a downturn and it’s causing a number of rating changes for shares.

Most recently, ValuEngine downgraded the company’s shares from a buy rating to a hold rating on Tuesday, November 14. They may have been following a trend set by other research analysts. Earlier, Zacks Investment Research pulled them from a buy rating to a hold rating, while Robert W. Baird reissued a hold rating for the company. BidaskClub went further, cutting them from hold to sell. Overall, Ashford Hospitality Trust currently has an average Hold rating, with a consensus price target of $7.42.

On Tuesday, Ashford Hospitality Trust opened at $6.45, giving them a 12 month low of $5.68 and a 12 month high of $8.23. Its market cap is $621.26, with a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of 0.94, and a beta of 1.53. They hold a current ratio of 3.94, a quick ratio of 3.94, and a debt-to-equity ratio of 5.29.

Their last earnings result report, from November 2, listed a $0.30 earnings per share for the quarter, meaning they missed the $0.32 consensus estimate by $0.02. The business revenue for the quarter also missed the mark, reaching only $353.33 million, while estimates had it at $360.10 million. They had both a negative return on equity and a negative net margin, with their overall quarterly revenue being down 5.0% on a year-over-year basis.

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About the author: Samara graduated from Simon Fraser University with a BA in English, minoring in Publishing and Creative Writing. One day she hopes to publish her very own novel, but in the meantime, she contents herself with blogging and editing. She currently specializes in writing financial news and analysis, as well as cryptocurrency news and information.