Ashford Hospitality Trust Inc. (NYSE: AHT) stock fell -6.18% on Wednesday to $3.95 against a previous-day closing price of $4.21. With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.74 million shares. During the session, the REIT – Hotel & Motel company that operates in wider Real Estate sector, reached to the highest price of $4.1850 whereas the lowest price it dropped to was $3.8800. The 52-week range on AHT shows that it touched its highest point at $12.09 and its lowest point at $2.61 during that stretch. It currently has a 1-year price target of $12.17. Beta for the stock currently stands at 2.25.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AHT was down-trending over the past week, with a drop of -1.74%, but this was up by 14.16% over a month. Three-month performance dropped to -27.79% while six-month performance fell -40.69%. The stock lost -23.00% in the past year, while it has lost -11.63% so far this year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 49.20%.
Float and Shares Shorts:
At present, 34.38 million AHT shares are outstanding with a float of 33.98 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.62 million, which was 7.59% higher than short shares on Mar 30, 2023. In addition to Mr. Montgomery Jack Bennett IV as the firm’s Founder & Chairman, Mr. J. Robison Hays III serves as its Pres, CEO & Director.
Through their ownership of 44.67% of AHT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 21.13% of AHT, in contrast to 19.16% held by mutual funds. Shares owned by individuals account for 1.06%. As the largest shareholder in AHT with 6.31% of the stake, Värde Management LP holds 2,176,453 shares worth 2,176,453. A second-largest stockholder of AHT, BlackRock Fund Advisors, holds 2,137,669 shares, controlling over 6.20% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in AHT, holding 1,982,856 shares or 5.75% stake. With a 3.60% stake in AHT, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,242,653 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.18% of AHT stock, is the second-largest Mutual Fund holder. It holds 753,169 shares valued at 2.56 million. Vanguard Extended Market Index Fu holds 1.63% of the stake in AHT, owning 561,557 shares worth 1.91 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AHT reported revenue of $348.10M and operating income of $41.97M. The EBITDA in the recently reported quarter was $90.92M and diluted EPS was -$0.27.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AHT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AHT analysts setting a high price target of $26.00 and a low target of $5.00, the average target price over the next 12 months is $12.17. Based on these targets, AHT could surge 558.23% to reach the target high and rise by 26.58% to reach the target low. Reaching the average price target will result in a growth of 208.1% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded AHT stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 9,643 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 32,980 while 30,655 shares were sold.