Credit Suisse Downgrades Ashford Hospitality Trust to Underperform

Brokerage firm Credit Suisse Downgrades its rating on Ashford Hospitality Trust(NYSE:AHT). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by Credit Suisse was issued on Jul 21, 2016.

Ashford Hospitality Trust (AHT) made into the market gainers list on Wednesdays trading session with the shares advancing 3.36% or 0.2 points. Due to strong positive momentum, the stock ended at $6.16, which is also near the day’s high of $6.17. The stock began the session at $5.95 and the volume stood at 9,10,762 shares. The 52-week high of the shares is $8.96 and the 52 week low is $4.15. The company has a current market capitalization of $589 M and it has 9,56,86,492 shares in outstanding.

Ashford Hospitality Trust(AHT) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $365.52M. Analysts had an estimated revenue of $358.00M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Benjamin J Md Ansell (director) purchased 3,000 shares at $4.95 per share price.Also, 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.

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