Robert W. Baird Sticks to Their Hold Rating for Ashford Hospitality (AHT)

By Ryan Adsit

Robert W. Baird analyst Michael Bellisario maintained a Hold rating on Ashford Hospitality (AHTResearch Report) on July 28 and set a price target of $27.00. The company’s shares closed last Friday at $16.20, close to its 52-week low of $12.70.

According to TipRanks.com, Bellisario is a 4-star analyst with an average return of 10.9% and a 54.5% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts, Summit Hotel Properties, and Apple Hospitality REIT.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ashford Hospitality with a $33.33 average price target, representing an 89.8% upside. In a report issued on July 30, B.Riley Financial also maintained a Hold rating on the stock with a $24.00 price target.

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The company has a one-year high of $77.90 and a one-year low of $12.70. Currently, Ashford Hospitality has an average volume of 3.94M.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock.

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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. The company was founded by Montgomery Jack Bennett in May 2003 and is headquartered in Dallas, TX.