Ashford Hospitality Trust Inc. [NYSE: AHT] surged by $0.31 during the normal trading session on Thursday and reaching a high of $2.84 during the day while it closed the day at $2.62. The company report on November 26, 2020 that Ashford Hospitality Trust, Inc. Announces Closing of Exchange Offers for All Outstanding Series of Its Preferred Stock.
Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced the closing of its previously commenced offers to exchange (each an “Exchange Offer” and collectively the “Exchange Offers”) any and all shares of the Company’s 8.45% Series D Cumulative Preferred Stock, par value $0.01 per share (the “Series D Preferred Stock”), 7.375% Series F Cumulative Preferred Stock, par value $0.01 per share (the “Series F Preferred Stock”), 7.375% Series G Cumulative Preferred Stock, par value $0.01 per share (the “Series G Preferred Stock”), 7.50% Series H Cumulative Preferred Stock, par value $0.01 per share (the “Series H Preferred Stock”) and 7.50% Series I Cumulative Preferred Stock, par value $0.01 per share (the “Series I Preferred Stock”, and together with the Series D Preferred Stock, the Series F Preferred Stock, the Series G Preferred Stock and the Series H Preferred Stock, the “Preferred Stock”) for newly issued shares of the Company’s common stock, par value $0.01 (the “Common Stock”). As previously announced, the Exchange Offers expired at 5:00 p.m., New York City time, on November 20, 2020.
Approximately 30% of the Preferred Stock (38,388,760 shares) participated in the Exchange Offers, broken out as follows:.
Ashford Hospitality Trust Inc. stock has also loss -12.08% of its value over the past 7 days. However, AHT stock has declined by -9.97% in the 3 months of the year. Over the past six months meanwhile, it has lost -75.74% and lost -90.61% year-on date.
The market cap for AHT stock reached $146.27 million, with 11.77 million shares outstanding and 11.31 million shares in the current float. Compared to the average trading volume of 4.88M shares, AHT reached a trading volume of 12420459 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Ashford Hospitality Trust Inc. [AHT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AHT shares is $3.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AHT stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DA Davidson have made an estimate for Ashford Hospitality Trust Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 17, 2020. While these analysts kept the previous recommendation, B. Riley FBR dropped their target price from $2 to $1.50. The new note on the price target was released on April 06, 2020, representing the official price target for Ashford Hospitality Trust Inc. stock. On June 17, 2019, analysts decreased their price target for AHT shares from 7 to 4.
The Average True Range (ATR) for Ashford Hospitality Trust Inc. is set at 0.71, with the Price to Sales ratio for AHT stock in the period of the last 12 months amounting to 0.19.
AHT stock trade performance evaluation
Ashford Hospitality Trust Inc. [AHT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.08. With this latest performance, AHT shares gained by 70.13% in over the last four-week period, additionally sinking by -75.74% over the last 6 months – not to mention a drop of -90.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AHT stock in for the last two-week period is set at 48.25, with the RSI for the last a single of trading hit 44.96, and the three-weeks RSI is set at 49.30 for Ashford Hospitality Trust Inc. [AHT]. The present Moving Average for the last 50 days of trading for this stock 2.21, while it was recorded at 2.50 for the last single week of trading, and 6.15 for the last 200 days.
Ashford Hospitality Trust Inc. [AHT]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Ashford Hospitality Trust Inc. [AHT] shares currently have an operating margin of -8.67 and a Gross Margin at +9.54. Ashford Hospitality Trust Inc.’s Net Margin is presently recorded at -7.59.
Return on Total Capital for AHT is now -2.93, given the latest momentum, and Return on Invested Capital for the company is -4.73. Return on Equity for this stock declined to -31.86, with Return on Assets sitting at -2.45. When it comes to the capital structure of this company, Ashford Hospitality Trust Inc. [AHT] has a Total Debt to Total Equity ratio set at 1,547.76. Additionally, AHT Total Debt to Total Capital is recorded at 93.93, with Total Debt to Total Assets ending up at 88.67. Long-Term Debt to Equity for the company is recorded at 328.42, with the Long-Term Debt to Total Capital now at 19.91.
Receivables Turnover for the company is 23.92 with a Total Asset Turnover recorded at a value of 0.32.
Earnings per share (EPS) analysis for Ashford Hospitality Trust Inc. [AHT] stock
With the latest financial reports released by the company, Ashford Hospitality Trust Inc. posted -3.9/share EPS, while the average EPS was predicted by analysts to be reported at -5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 22.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AHT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ashford Hospitality Trust Inc. go to 5.00%.
Ashford Hospitality Trust Inc. [AHT]: Insider Ownership positions
There are presently around $10 million, or 25.60% of AHT stock, in the hands of institutional investors. The top three institutional holders of AHT stocks are: VANGUARD GROUP INC with ownership of 857,484, which is approximately -6.592% of the company’s market cap and around 0.20% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 821,410 shares of the stock with an approximate value of $2.15 million in AHT stocks shares; and CHARLES SCHWAB INVESTMENT MANAGEMENT INC, currently with $1.91 million in AHT stock with ownership of nearly 103.472% of the company’s market capitalization.
Positions in Ashford Hospitality Trust Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 14 institutional holders increased their position in Ashford Hospitality Trust Inc. [NYSE:AHT] by around 517,499 shares. Additionally, 77 investors decreased positions by around 1,435,533 shares, while 6 investors held positions by with 1,683,997 shares. The mentioned changes placed institutional holdings at 3,637,029 shares, according to the latest SEC report filing. AHT stock had 5 new institutional investments in for a total of 20,235 shares, while 51 institutional investors sold positions of 1,111,387 shares during the same period.