Ashford Hospitality Trust Inc [NYSE: AHT] surged by $0.32 during the normal trading session on while it closed the day at $1.66. The company report on January 31, 2024 at 8:00 AM that ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON PLAN TO PAY OFF STRATEGIC FINANCING.
Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today provided an update on its plan to pay off its strategic financing which has a final maturity date in January 2026. This plan includes raising sufficient capital through a combination of asset sales, mortgage debt refinancings, and non-traded preferred capital raising.
The Company currently has several assets at various stages of being available for sale:.
Ashford Hospitality Trust Inc stock has also gained 17.73% of its value over the past 7 days. However, AHT stock has declined by -20.95% in the 3 months of the year. Over the past six months meanwhile, it has lost -57.76% and lost -14.43% year-on date.
The market cap for AHT stock reached $57.29 million, with 34.50 million shares outstanding and 34.13 million shares in the current float. Compared to the average trading volume of 541.88K shares, AHT reached a trading volume of 6729372 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 $4.50 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 2.50. 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.
Oppenheimer have made an estimate for Ashford Hospitality Trust Inc shares, keeping their opinion on the stock as Perform, with their previous recommendation back on April 22, 2022.
The Average True Range (ATR) for Ashford Hospitality Trust Inc is set at 0.14, with the Price to Sales ratio for AHT stock in the period of the last 12 months amounting to 0.04.
AHT stock trade performance evaluation
Ashford Hospitality Trust Inc [AHT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.73. With this latest performance, AHT shares dropped by -14.43% in over the last four-week period, additionally sinking by -57.76% over the last 6 months – not to mention a drop of -74.92% 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 51.69, with the RSI for the last a single of trading hit 60.66, and the three-weeks RSI is set at 47.12 for Ashford Hospitality Trust Inc [AHT]. The present Moving Average for the last 50 days of trading for this stock 1.9050, while it was recorded at 1.4420 for the last single week of trading, and 2.8905 for the last 200 days.
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 -1.75/share EPS, while the average EPS was predicted by analysts to be reported at -1.51/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -15.90%. 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]: Institutional Ownership
The top three institutional holders of AHT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AHT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AHT stock with ownership which is approximately 5.8325%.
