DA Davidson Initiates Coverage On Ashford Hospitality Trust to Buy with Price Target $8

DA Davidson Initiates Coverage On Ashford Hospitality Trust(AHT). In a research note issued to the investors, the brokerage major Announces the price-target to $8 per share. The shares have been rated Buy. The rating by the stock financial advisor at DA Davidson was issued on Mar 22, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 27, 2017, FBR Capital said it Upgrades its rating on Ashford Hospitality Trust. In the research note, the firm Announces the price-target to $8 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 11, 2017, Baird said it Downgrades its rating on Ashford Hospitality Trust. The shares have been rated ‘Neutral’ by the firm.

Ashford Hospitality Trust (AHT) made into the market gainers list on Fridays trading session with the shares advancing 0.34% or 0.02 points. Due to strong positive momentum, the stock ended at $5.85, which is also near the day’s high of $5.92. The stock began the session at $5.87 and the volume stood at 8,56,340 shares. The 52-week high of the shares is $8.23 and the 52 week low is $4.79. The company has a current market capitalization of $566 M and it has 9,67,27,989 shares in outstanding.

Ashford Hospitality Trust(AHT) last announced its earnings results on Feb 23, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $341.670M. Analysts had an estimated revenue of $345.090M. Earnings per share were $0.16. Analysts had estimated an EPS of $-0.32.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2016, Alan Tallis (director) purchased 4,174 shares at $25.04 per share price.Also, On Jun 1, 2016, Benjamin J Md Ansell (director) purchased 3,000 shares at $4.95 per share price.On Dec 15, 2015, Thomas E Callahan (director) purchased 8,000 shares at $6.18 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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