Todays Report: Today, Ashford Hospitality Trust’s (AHT) “Neutral” Rating Reaffirm at Janney Montgomery Scott

Today, Ashford Hospitality Trust’s (AHT) “Neutral” Rating Reaffirm at Janney Montgomery Scott

Ashford Hospitality Trust Inc. (NYSE:AHT)‘s stock had its “neutral” rating reissued by research analysts at Janney Montgomery Scott in a research report issued to clients and investors on Tuesday. They presently have a $6.25 target price on the real estate investment trust’s stock. Janney Montgomery Scott’s price target indicates a potential downside of 7.68% from the stock’s previous close.

Several other brokerages also recently commented on AHT. Canaccord Genuity reiterated a “hold” rating on shares of Ashford Hospitality Trust in a report on Monday, August 8th. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 10th. Finally, Credit Suisse Group AG lowered shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $6.00 to $5.00 in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $6.88.

Ashford Hospitality Trust (NYSE:AHT) opened at 6.77 on Tuesday. The firm’s market capitalization is $651.13 million. Ashford Hospitality Trust has a 12 month low of $4.15 and a 12 month high of $7.20. The stock has a 50 day moving average of $6.11 and a 200 day moving average of $5.92.

A number of institutional investors have recently modified their holdings of the company. Credit Suisse AG raised its position in shares of Ashford Hospitality Trust by 19.7% in the third quarter. Credit Suisse AG now owns 384,924 shares of the real estate investment trust’s stock worth $2,266,000 after buying an additional 63,351 shares in the last quarter. Chartwell Investment Partners LLC raised its position in shares of Ashford Hospitality Trust by 248.5% in the third quarter. Chartwell Investment Partners LLC now owns 453,000 shares of the real estate investment trust’s stock worth $2,668,000 after buying an additional 323,000 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Ashford Hospitality Trust during the third quarter worth $330,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ashford Hospitality Trust during the third quarter worth $334,000. Finally, HBK Investments L P raised its position in shares of Ashford Hospitality Trust by 11.5% in the third quarter. HBK Investments L P now owns 254,600 shares of the real estate investment trust’s stock worth $1,500,000 after buying an additional 26,285 shares in the last quarter. Hedge funds and other institutional investors own 71.93% of the company’s stock.

Ashford Hospitality Trust Company Profile

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