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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