Ashford Hospitality Trust Inc (AHT) stock is expected to deviate a maximum of $1.3 from the average target price of $6.97 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $9 and the most muted being $5.
Ashford Hospitality Trust Inc (AHT) : Zacks Investment Research ranks Ashford Hospitality Trust Inc (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 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.44, which indicates as a Buy.
Also, In a research note released to the investors, Credit Suisse downgrades its rating on Ashford Hospitality Trust Inc (NYSE:AHT).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 21, 2016.
Ashford Hospitality Trust Inc (NYSE:AHT): The stock opened at $6.95 on Thursday but the bulls could not build on the opening and the stock topped out at $6.99 for the day. The stock traded down to $6.69 during the day, due to lack of any buying support eventually closed down at $6.76 with a loss of -3.01% for the day. The stock had closed at $6.97 on the previous day. The total traded volume was 493,754 shares.
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.