Price Action Alert: Can Ashford Hospitality Trust, Inc.’s Tomorrow be Different? The Stock Just Broke Its High

Price Action Alert: Can Ashford Hospitality Trust, Inc.'s Tomorrow be Different? The Stock Just Broke Its High

The stock of Ashford Hospitality Trust, Inc. (NYSE:AHT) hit a new 52-week high and has $7.80 target or 9.00% above today’s $7.16 share price. The 5 months bullish chart indicates low risk for the $702.63M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $7.80 price target is reached, the company will be worth $63.24 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 384,031 shares traded hands. Ashford Hospitality Trust, Inc. (NYSE:AHT) has risen 20.79% since April 28, 2016 and is uptrending. It has outperformed by 14.86% the S&P500.

Analysts await Ashford Hospitality Trust, Inc. (NYSE:AHT) to report earnings on February, 23. They expect $0.22 earnings per share, down 15.38% or $0.04 from last year’s $0.26 per share. AHT’s profit will be $21.59 million for 8.14 P/E if the $0.22 EPS becomes a reality. After $0.40 actual earnings per share reported by Ashford Hospitality Trust, Inc. for the previous quarter, Wall Street now forecasts -45.00% negative EPS growth.

Ashford Hospitality Trust, Inc. (NYSE:AHT) Ratings Coverage

Out of 7 analysts covering Ashford Hospitality Trust (NYSE:AHT), 2 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 29% are positive. $69 is the highest target while $4.50 is the lowest. The $8.23 average target is 14.94% above today’s ($7.16) stock price. Ashford Hospitality Trust has been the topic of 20 analyst reports since August 9, 2015 according to StockzIntelligence Inc. On Wednesday, March 9 the stock rating was maintained by Robert W. Baird with “Outperform”. The stock has “Neutral” rating given by Credit Suisse on Tuesday, February 16. The firm has “Outperform” rating given on Friday, November 20 by FBR Capital. Bank of America downgraded the shares of AHT in a report on Wednesday, August 12 to “Underperform” rating. The stock of Ashford Hospitality Trust, Inc. (NYSE:AHT) has “Buy” rating given on Sunday, August 9 by Cantor Fitzgerald. Janney Capital initiated the stock with “Neutral” rating in Wednesday, March 23 report. The rating was downgraded by UBS to “Sell” on Tuesday, October 27. The firm has “Market Outperform” rating given on Tuesday, August 11 by JMP Securities. The company was maintained on Monday, November 9 by Canaccord Genuity. The company was downgraded on Thursday, July 21 by Credit Suisse.

According to Zacks Investment Research, “Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements.”

Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.43, from 0.88 in 2016Q1. The ratio is positive, as 19 funds sold all Ashford Hospitality Trust, Inc. shares owned while 54 reduced positions. 16 funds bought stakes while 48 increased positions. They now own 66.62 million shares or 3.79% less from 69.25 million shares in 2016Q1.
Loeb Ptnrs Corp, a New York-based fund reported 18,000 shares. The United Kingdom-based Barclays Public Limited Com has invested 0% in Ashford Hospitality Trust, Inc. (NYSE:AHT). Bancshares Of New York Mellon Corp last reported 1.06M shares in the company. D E Shaw And Co Inc has 0% invested in the company for 187,825 shares. Us Commercial Bank De accumulated 0% or 70,589 shares. Moreover, Vigilant Mgmt Llc has 0% invested in Ashford Hospitality Trust, Inc. (NYSE:AHT) for 408 shares. Lpl Lc reported 16,898 shares or 0% of all its holdings. Moreover, Art Ltd Liability has 0.02% invested in Ashford Hospitality Trust, Inc. (NYSE:AHT) for 65,137 shares. Jpmorgan Chase And holds 0.01% or 4.20 million shares in its portfolio. Putnam Invs Lc accumulated 196,162 shares or 0% of the stock. Matarin Mgmt Limited Co owns 307,977 shares or 0% of their US portfolio. Moreover, Teacher Retirement Systems Of Texas has 0% invested in Ashford Hospitality Trust, Inc. (NYSE:AHT) for 13,292 shares. Moreover, Martingale Asset Mgmt Limited Partnership has 0.02% invested in Ashford Hospitality Trust, Inc. (NYSE:AHT) for 189,871 shares. Kempen Cap Mgmt Nv holds 0.16% of its portfolio in Ashford Hospitality Trust, Inc. (NYSE:AHT) for 252,790 shares. Shinko Asset Mgmt Ltd has 0% invested in the company for 6,400 shares.

Insider Transactions: Since August 8, 2016, the stock had 1 buy, and 0 sales for $104,507 net activity. Shares for $104,507 were bought by TALLIS ALAN.

More notable recent Ashford Hospitality Trust, Inc. (NYSE:AHT) news were published by: Prnewswire.com which released: “Rambleside Calls for Ashford Hospitality Trust, Inc. To Explore Strategic …” on February 29, 2016, also Prnewswire.com with their article: “Ashford Trust Completes Refinancing Of Four Mortgage Loans” published on October 10, 2016, Prnewswire.com published: “Ashford Trust Announces Appointment Of New Independent Director” on September 07, 2016. More interesting news about Ashford Hospitality Trust, Inc. (NYSE:AHT) were released by: Prnewswire.com and their article: “Ashford Trust Announces Sale of SpringHill Suites Gaithersburg & Redemption of …” published on October 04, 2016 as well as Prnewswire.com‘s news article titled: “Ashford Trust Completes Sale Of Hampton Inn & Suites Gainesville” with publication date: September 01, 2016.

AHT Company Profile

Ashford Hospitality Trust, Inc. (Ashford), incorporated on May 13, 2003, together with its subsidiaries, is an externally-advised real estate investment trust (REIT). The Firm operates through direct hotel investments segment. The Firm is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Firm owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership. The Company’s hotels are primarily operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. The Company’s hotels are located in the United States. The Company’s hotels portfolio is asset-managed by Ashford LLC.

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