B.Riley FBR analyst Bryan Maher maintained a Buy rating on Ashford Hospitality Trust (NYSE: AHT) today. The company’s shares opened today at $6.48.
Maher noted:
“We are further refining our Ashford Trust (AHT) model to adjust for what we believe will be continued renovation disruption in 2H18 with a modestly slower ramp/recovery in 2019. Importantly, these are only incremental adjustments following 2Q18 results, which somewhat disappointed—partially due to above-average 1H18 renovation disruption. Ashford reported 2Q18 adjusted EBITDA of $120.7M, versus our/consensus’ estimates of $123.9M/$126.2M. AFFO/share came in at $0.42, below our/consensus’ estimates of $0.53/ $0.58.”
According to TipRanks.com, Maher is a 4-star analyst with an average return of 4.2% and a 64.8% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Government Properties Income Trust, and Senior Housing Properties Trust.
Currently, the analyst consensus on Ashford Hospitality Trust is a Moderate Buy with an average price target of $8.
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The company has a one-year high of $8.66 and a one-year low of $5.42. Currently, Ashford Hospitality Trust has an average volume of 537.9K.
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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.
