Ashford Hospitality Trust, Inc. (AHT) Expected to Post Earnings of $0.17 Per Share

Equities research analysts forecast that Ashford Hospitality Trust, Inc. (NYSE:AHT) will report $0.17 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Ashford Hospitality Trust’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.14. Ashford Hospitality Trust posted earnings of $0.24 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 29.2%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 28th.

On average, analysts expect that Ashford Hospitality Trust will report full-year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.14 to $1.19. For the next year, analysts forecast that the firm will report earnings of $1.15 per share, with EPS estimates ranging from $1.04 to $1.23. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.65). Ashford Hospitality Trust had a negative return on equity of 18.33% and a negative net margin of 7.15%. The company had revenue of $355.93 million for the quarter, compared to the consensus estimate of $359.93 million.

Several brokerages recently issued reports on AHT. B. Riley set a $8.00 price target on Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Wednesday, October 3rd. ValuEngine upgraded Ashford Hospitality Trust from a “strong sell” rating to a “sell” rating in a report on Monday, September 24th. Zacks Investment Research downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, December 4th. Robert W. Baird reduced their price objective on Ashford Hospitality Trust from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, December 12th. Finally, Deutsche Bank set a $8.00 price objective on Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Friday, December 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $7.75.

Large investors have recently made changes to their positions in the business. Global X Management Co LLC grew its stake in shares of Ashford Hospitality Trust by 0.6% during the 2nd quarter. Global X Management Co LLC now owns 1,646,243 shares of the real estate investment trust’s stock worth $13,335,000 after acquiring an additional 9,599 shares during the period. Teachers Advisors LLC grew its position in Ashford Hospitality Trust by 6.0% during the 3rd quarter. Teachers Advisors LLC now owns 178,070 shares of the real estate investment trust’s stock worth $1,138,000 after acquiring an additional 10,133 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Ashford Hospitality Trust by 89.8% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 22,169 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 10,491 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Ashford Hospitality Trust by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,661,098 shares of the real estate investment trust’s stock worth $10,614,000 after acquiring an additional 11,008 shares during the last quarter. Finally, IndexIQ Advisors LLC grew its position in Ashford Hospitality Trust by 2.8% during the 3rd quarter. IndexIQ Advisors LLC now owns 435,913 shares of the real estate investment trust’s stock worth $2,786,000 after acquiring an additional 11,811 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Ashford Hospitality Trust stock traded down $0.15 during trading on Thursday, hitting $4.68. 369,379 shares of the company were exchanged, compared to its average volume of 601,386. Ashford Hospitality Trust has a 52 week low of $3.85 and a 52 week high of $8.66. The company has a market capitalization of $488.02 million, a P/E ratio of 3.42, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 7.79.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $0.48 dividend on an annualized basis and a yield of 10.26%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently 35.04%.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.

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