JPMorgan Investment Management, I. recently announced the acquisition of new stake in Ashford Hospitality Trust Inc. (NYSE:AHT). The institutional investor has increased its shareholding in the Real Estate company by 20.78% to 2.41 million shares with purchase of 0.41 million shares. This fresh investment now brings its stake to 2.29% valued currently at $1.74 million. In addition, Charles Schwab Investment Managem. raised its holdings by 0.78 million to 2.08 million shares. And Geode Capital Management LLC has lifted its position by 3.27% or 51224.0 shares – to 1.62 million shares.
With over 0.46 million Ashford Hospitality Trust Inc. (AHT) shares trading Monday and a closing price of $3.75 on the day, the dollar volume was approximately $1.73 million. The shares have shown a negative weekly performance of -8.98% and its price on 08/03/20 lost nearly -4.34%. Currently, there are 10.05M common shares owned by the public and among those 9.84M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for AHT have a consensus price objective of $10.00. The analysts have set the share’s price value over the next 12 months at a high of $20.00 and a low of $3.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Ashford Hospitality Trust Inc. stock is 2.80 for the next 12 months. But an upside of 81.25% will see the stock hit the forecast high price target while mean target price for the stock is $8.00.
Insiders at the company have transacted a total of 23 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 2,247,672 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 140,986 shares.
Shares of Ashford Hospitality Trust Inc. (NYSE: AHT) opened at $3.89, down -$0.03 from a prior closing price of $3.92. However, the script later closed the day at $3.75, down -4.34%. The company’s stock has a 5-day price change of -8.98% and -47.18% over the past three months. AHT shares are trading -86.56% year to date (YTD), with the 12-month market performance down to -85.22% lower. It has a 12-month low price of $3.80 and touched a high of $34.35 over the same period. Currently, 0.46 million shares have been traded, compared to an average intraday trading volume of 383.00K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -30.19%, -48.70%, and -77.72% respectively.
Institutional ownership of Ashford Hospitality Trust Inc. (NYSE: AHT) shares accounts for 51.90% of the company’s 10.05M shares outstanding. Mutual fund holders own 29.34%, while other institutional holders and individual stakeholders account for 9.47% and 22.03% respectively.
It has a market capitalization of $40.46M and a beta (3y monthly) value of 1.69. The earnings-per-share (ttm) stands at -$20.24. The company has a debt-to-equity ratio at 20.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.98% over the week and 12.93% over the month.
Analysts forecast that Ashford Hospitality Trust Inc. (AHT) will achieve an EPS of -$16 for the current quarter, -$13 for the next quarter and -$28.79 for 2021. The lowest estimate earnings-per-share for the quarter is -$16 while analysts give the company a high EPS estimate of -$16. Comparatively, EPS for the current quarter was -$2.7 a year ago. Earnings per share for the fiscal year are expected to increase by 10.00%, and 24.80% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to -14.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Ashford Hospitality Trust Inc. (AHT) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 4 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the AHT, a number of firms have released research notes about the stock. DA Davidson stated their Neutral rating for the stock in a research note on June 17, 2020, with the firm’s price target at. B. Riley FBR coverage for the Ashford Hospitality Trust Inc. (AHT) stock in a research note released on April 06, 2020 offered a Neutral rating with a price target of $1.50. DA Davidson was of a view on March 10, 2020 that the stock is Underperform, while DA Davidson gave the stock Neutral rating on June 17, 2019, issuing a price target of $7- $4. FBR & Co. on their part issued Outperform rating on February 27, 2017.