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Should Ashford Hospitality Trust Inc. (NYSE: AHT) Rally After -293.81% Drop From High?

Ashford Hospitality Trust Inc. (NYSE:AHT)’s traded shares stood at 1.03 million during the last session, with the company’s beta value hitting 2.37. At the close of trading, the stock’s price was $3.07, to imply a decrease of -6.69% or -$0.22 in intraday trading. The AHT share’s 52-week high remains $12.09, putting it -293.81% down since that peak but still an impressive 0.0% since price per share fell to its 52-week low of $3.07. The company has a valuation of $113.22M, with an average of 0.68 million shares in intraday trading volume over the past 10 days and average of 457.02K shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for Ashford Hospitality Trust Inc. (AHT), translating to a mean rating of 2.70. Of 4 analyst(s) looking at the stock, 0 analyst(s) give AHT a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$1.51.

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Ashford Hospitality Trust Inc. (NYSE:AHT) trade information

After registering a -6.69% downside in the last session, Ashford Hospitality Trust Inc. (AHT) has traded red over the past five days. The stock hit a weekly high of 3.76 this Friday, 03/17/23, dropping -6.69% in its intraday price action. The 5-day price performance for the stock is -18.78%, and -50.48% over 30 days. With these gigs, the year-to-date price performance is -31.32%. Short interest in Ashford Hospitality Trust Inc. (NYSE:AHT) saw shorts transact 1.37 million shares and set a 2.98 days time to cover.

Analysts on Wall Street suggest a consensus price target of $12.83, implying an increase of 76.07% to the stock’s current value. The extremes give us $6.00 and $26.00 for target low and target high price respectively. As such, AHT has been trading -746.91% off suggested target high and -95.44% from its likely low.

Ashford Hospitality Trust Inc. (AHT) estimates and forecasts

Looking at statistics comparing Ashford Hospitality Trust Inc. share performance against respective industry, we note that the company has underperformed competitors. Ashford Hospitality Trust Inc. (AHT) shares are -66.34% down over the last 6 months, with its year-to-date growth rate lower than industry average at -51.89% against -3.70%. Revenue is forecast to grow 13.70% this quarter before jumping 10.50% for the next one. The rating firms project that company’s revenue will grow 52.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $305.08 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $301.01 million.Earnings reports from the last fiscal year show that sales brought in $248.74 million and $247.14 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 22.70% before jumping 21.80% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 33.50% for the past 5-year period. While 2023 is set for a 96.30% return in earnings, projections for the next 5 years are at 5.00% annually.

AHT Dividends

Ashford Hospitality Trust Inc. has its next earnings report out between May 01 and May 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Ashford Hospitality Trust Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Ashford Hospitality Trust Inc. (NYSE:AHT)’s Major holders

Ashford Hospitality Trust Inc. insiders hold 1.05% of total outstanding shares, with institutional holders owning 43.45% of the shares at 43.91% float percentage. In total, 43.45% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 2.53 million shares (or 7.33% of shares), all amounting to roughly $17.21 million.

The next major institution holding the largest number of shares is Varde Management, L.P. with 2.18 million shares, or about 6.31% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $14.82 million.

We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Ashford Hospitality Trust Inc. (AHT) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 0.94 million shares. This is just over 2.72% of the total shares, with a market valuation of $6.38 million. Data from the same date shows that the other fund manager holds a little less at 0.82 million, or 2.38% of the shares, all valued at about 3.68 million.

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