Zacks: Analysts Expect Ashford Hospitality Trust, Inc. (AHT) Will Post Earnings of $0.28 Per Share

Brokerages expect that Ashford Hospitality Trust, Inc. (NYSE:AHT) will announce earnings of $0.28 per share for the current quarter, Zacks reports. Five analysts have made estimates for Ashford Hospitality Trust’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.29. Ashford Hospitality Trust also posted earnings of $0.28 per share in the same quarter last year. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year earnings of $1.31 per share for the current fiscal year, with EPS estimates ranging from $1.19 to $1.40. For the next fiscal year, analysts forecast that the business will report earnings of $1.31 per share, with EPS estimates ranging from $1.26 to $1.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Ashford Hospitality Trust.

Several analysts recently issued reports on AHT shares. Zacks Investment Research raised Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, March 11th. ValuEngine raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.67.

Shares of AHT opened at $5.16 on Friday. The company has a market cap of $527.68 million, a P/E ratio of 4.10, a price-to-earnings-growth ratio of 0.91 and a beta of 1.65. Ashford Hospitality Trust has a 12-month low of $3.85 and a 12-month high of $8.66. The company has a debt-to-equity ratio of 8.67, a quick ratio of 3.02 and a current ratio of 3.02.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 9.30%. The ex-dividend date of this dividend was Thursday, March 28th. Ashford Hospitality Trust’s dividend payout ratio is presently 38.10%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its holdings in shares of Ashford Hospitality Trust by 20.2% in the 4th quarter. Hsbc Holdings PLC now owns 18,064 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 3,037 shares during the period. Cutler Group LP boosted its holdings in shares of Ashford Hospitality Trust by 64.7% in the 4th quarter. Cutler Group LP now owns 8,400 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 3,300 shares during the period. Arrow Investment Advisors LLC boosted its holdings in shares of Ashford Hospitality Trust by 7.6% in the 4th quarter. Arrow Investment Advisors LLC now owns 68,145 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 4,817 shares during the period. Utah Retirement Systems boosted its holdings in shares of Ashford Hospitality Trust by 20.3% in the 4th quarter. Utah Retirement Systems now owns 29,000 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 4,900 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Ashford Hospitality Trust by 16.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 49,782 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 7,163 shares during the period. Institutional investors and hedge funds own 71.46% of the company’s stock.

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.

Featured Article: What are Closed-End Mutual Funds?

Get a free copy of the Zacks research report on Ashford Hospitality Trust (AHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ashford Hospitality Trust (NYSE:AHT)

Receive News & Ratings for Ashford Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.