In a report released today, Bryan Maher from B.Riley FBR maintained a Buy rating on Ashford Hospitality Trust (AHT), with a price target of $7.50. The company’s shares opened today at $4.64, close to its 52-week low of $3.85.
Maher wrote:
“We are updating our estimates (AFFO/share up modestly, EBITDA down slightly) following 4Q18 results, which came in slightly below expectations. AFFO/share was $0.18, below our $0.20 estimate and the consensus estimate of $0.19. Adjusted EBITDA came in at $89.8M, below our $92.0M estimate and the consensus estimate of $91.9M. The slight earnings miss was primarily due to higher F&B and other operating expenses, combined with slightly lower top-line results ($343.5M vs. our $344.7M estimate). Comparable portfolio-wide RevPAR decreased 0.6%, due to ADR growth of 1.1% and a 1.6% decrease in occupancy.”
According to TipRanks.com, Maher is a 1-star analyst with an average return of -1.1% and a 48.1% success rate. Maher covers the Financial sector, focusing on stocks such as Office Properties Income Trust, Braemar Hotels & Resorts Inc, and Community Healthcare Trust.
Ashford Hospitality Trust has an analyst consensus of Moderate Buy, with a price target consensus of $7.25.
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The company has a one-year high of $8.66 and a one-year low of $3.85. Currently, Ashford Hospitality Trust has an average volume of 622K.
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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.
