Ashford Hospitality Trust, Inc. (NYSE:AHT) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 10, 2016
Zacks Investment Research has downgraded Ashford Hospitality Trust, Inc. (NYSE:AHT) to Sell in a statement released on 10/10/2016.
Having a price of $5.81, Ashford Hospitality Trust, Inc. (NYSE:AHT) traded 1.89% higher on the day. With the last close down 1.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Ashford Hospitality Trust, Inc. has recorded a 50-day average of $6.31 and a two hundred day average of $5.85. Volume of trade was down over the average, with 550,214 shares of AHT changing hands under the typical 643,835
With a total market value of $0, Ashford Hospitality Trust, Inc. has with a one year low of $4.15 and a one year high of $7.51 .
A total of 12 brokers have issued a research note on the company. 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 6 brokerages rating the company a hold, two brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $6.79.
General Company Details For Ashford Hospitality Trust, Inc. (NYSE:AHT)
Ashford Hospitality Trust, Inc. (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership, its operating partnership. Its hotels are operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. The Company's hotels portfolio is asset-managed by Ashford LLC. The Company is focused on direct hotel investments and it may invest in a range of lodging-related assets. Its investments may include direct hotel investments; mezzanine financing through origination or acquisition; first-lien mortgage financing through origination or acquisition, and sale-leaseback transactions.
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