Deutsche Bank Sticks to Their Buy Rating for Ashford Hospitality Trust (AHT)

By Jason Carr

In a report released today, Chris Woronka from Deutsche Bank maintained a Buy rating on Ashford Hospitality Trust (AHTResearch Report), with a price target of $5. The company’s shares closed last Monday at $2.98, close to its 52-week low of $2.39.

According to TipRanks.com, Woronka is a 3-star analyst with an average return of 0.8% and a 45.4% success rate. Woronka covers the Financial sector, focusing on stocks such as Hertz Global Holdings Inc, Park Hotels & Resorts Inc, and Hersha Hospitality Trust.

Ashford Hospitality Trust has an analyst consensus of Hold, with a price target consensus of $4.45, which is a 50.3% upside from current levels. In a report issued on August 2, B.Riley FBR also reiterated a Buy rating on the stock with a $7.50 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $6.63 and a one-year low of $2.39. Currently, Ashford Hospitality Trust has an average volume of 1.18M.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AHT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ashford Hospitality Trust, Inc. is a real estate investment trust, which invests in the hospitality industry. It invests in lodging-related assets; direct hotel investments; mezzanine financing through origination or acquisition; first-lien mortgage financing through origination or acquisition; sale-leaseback transactions; and other hospitality transactions.