Media headlines about Ashford Hospitality Trust (NYSE:AHT) have been trending positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ashford Hospitality Trust earned a news sentiment score of 0.40 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.9757363595339 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
AHT has been the subject of several analyst reports. B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a report on Wednesday, November 1st. ValuEngine raised Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $7.42.
Ashford Hospitality Trust (NYSE AHT) opened at $5.84 on Tuesday. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 5.29. Ashford Hospitality Trust has a fifty-two week low of $5.68 and a fifty-two week high of $7.94. The company has a market capitalization of $610.80, a price-to-earnings ratio of -4.26, a PEG ratio of 0.86 and a beta of 1.36.
Ashford Hospitality Trust declared that its board has approved a share repurchase program on Monday, December 11th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.22%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is currently -35.04%.
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About Ashford Hospitality Trust
Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company 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 (Ashford Trust OP), its operating partnership.
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