In the last trading session, 15,818,980 shares of the Ashford Hospitality Trust, Inc.(NYSE:AHT) were traded, and its beta was 2.46. Most recently the company’s share price was $3.76, and it changed around $0.3 or 0.09% from the last close, which brings the market valuation of the company to $259.2 Million. AHT currently trades at a discount to its 52-week high of $25.3, offering almost -572.87% off that amount. The share price’s 52-week low was $1.27, which indicates that the current value has risen by an impressive 66.22% since then. We note from Ashford Hospitality Trust, Inc.’s average daily trading volume that its 10-day average is 8.99 Million shares, with the 3-month average coming to 8.39 Million.
Ashford Hospitality Trust, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.7. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 3 recommended AHT as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Ashford Hospitality Trust, Inc. is expected to report earnings per share of -$12.6 for the current quarter.
Ashford Hospitality Trust, Inc. (NYSE:AHT): Trading Information
Instantly AHT has showed a green trend with a performance of 8.67% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $3.89- on Friday, Feb 19 increased the stock’s daily price by 3.34%. The company’s shares are currently up 0.45% year-to-date, but still up 0.1861 over the last five days. On the other hand, Ashford Hospitality Trust, Inc. (NYSE:AHT) is 0.33% up in the 30-day period. We can see from the shorts that 1.94 Million shares have been sold at a short interest cover period of 0.23 day(s).
The consensus price target as assigned by Wall Street analysts is $3.75, which translates to bears needing to reduce their stock price by -0.27% from its current value. Analyst projections state that AHT is forecast to be at a low of $3 and a high of $6. In order for the stock price to hit the forecast high, the stock would need to surge +59.57% from its current level, while the stock would need to crash -20.21% from its current level to reach the projected low.
Ashford Hospitality Trust, Inc. (AHT) projections and forecasts
Ashford Hospitality Trust, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +11.57 percent over the past six months and at a -241.89% annual growth rate that is well below the industry average of 0.4%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -223.1% in revenue this quarter, and will report a decline of -13.8% in the next quarter. The year-over-year growth rate is expected to be -65.9%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $94.53 Million in revenue for the current quarter. 3 analysts expect Ashford Hospitality Trust, Inc. to make $119.55 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $354.66 Million and $281.88 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -73.3%. Forecasts for the next quarter put sales growth at -57.6%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -14.8%. Ashford Hospitality Trust, Inc. earnings are expected to increase by 10% in 2021, but the outlook is positive 5% per year for the next five years.
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Ashford Hospitality Trust, Inc. (NYSE:AHT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 6.36% of Ashford Hospitality Trust, Inc. shares, and 10.79% of them are in the hands of institutional investors. The stock currently has a share float of 11.52%. Ashford Hospitality Trust, Inc. stock is held by 68 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 1.69% of the shares, which is about 1.16 Million shares worth $3.01 Million.
Vanguard Group, Inc. (The), with 1.24% or 857.48 Thousand shares worth $1.41 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.