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Ashford Hospitality Trust, Inc. 30.6% Potential Upside Now Indicated by Canaccord Genuity

Ashford Hospitality Trust, Inc. using SYMBOL code NYSE:AHT had its stock rating noted as ‘Coverage Initiated’ with the recommendation being set at ‘BUY’ this morning by analysts at Canaccord Genuity. Ashford Hospitality Trust, Inc. are listed in the Consumer Services sector within NYSE. Canaccord Genuity have set their target price at 12 USD on its stock. This is indicating the analyst believes there is a potential upside of 30.6% from today’s opening price of 9.19 USD. Ashford Hospitality Trust, Inc. NYSE:AHT has a 50 day moving average of 8.76 USD and a 200 day moving average of 9.99 USD. The 1 year high for the stock price is 12.03 USD while the 52 week low for the stock is 7.77 USD.

 

Ashford Hospitality Trust, Inc. NYSE:AHT (Ashford), together with its subsidiaries, is a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry. The Company is engaged in direct hotel investments within the hotel lodging industry. Ashford owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Its hotels are primarily operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. Its hotels are located in the United States. The Company, through Remington Lodging, manages the Hampton Inn & Suites Gainesville hotel, which has 124 guestrooms, including 27 studio suites. The hotel’s amenities include 1,700 square feet of meeting space, a boardroom, Saltwater Lap Pool and Spa, Jump Start fitness center and on-site parking. Ashford OP General Partner LLC is a wholly owned subsidiary of the Company.