Zacks: Brokerages Anticipate Ashford Hospitality Trust, Inc. (NYSE:AHT) Will Announce Earnings of $0.29 Per Share

Equities research analysts expect Ashford Hospitality Trust, Inc. (NYSE:AHT) to post earnings per share of $0.29 for the current quarter, according to Zacks. Five analysts have made estimates for Ashford Hospitality Trust’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.30. Ashford Hospitality Trust reported earnings per share of $0.30 in the same quarter last year, which indicates a negative year over year growth rate of 3.3%. The company is expected to issue its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that Ashford Hospitality Trust will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.28. For the next financial year, analysts anticipate that the business will report earnings of $1.31 per share, with EPS estimates ranging from $1.29 to $1.34. Zacks’ EPS averages are an average based on a survey of research analysts that cover Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.71). Ashford Hospitality Trust had a negative return on equity of 32.31% and a negative net margin of 9.28%. The business had revenue of $415.15 million during the quarter, compared to analysts’ expectations of $409.14 million.

A number of brokerages recently issued reports on AHT. DA Davidson reiterated a “neutral” rating on shares of Ashford Hospitality Trust in a research report on Monday, July 29th. Zacks Investment Research upgraded Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Robert W. Baird set a $5.00 price objective on Ashford Hospitality Trust and gave the stock a “hold” rating in a research report on Monday, June 17th. ValuEngine downgraded Ashford Hospitality Trust from a “sell” rating to a “strong sell” rating in a research report on Friday, June 14th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $5.00 price objective on shares of Ashford Hospitality Trust in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.50.

Shares of AHT stock traded up $0.09 on Friday, reaching $2.93. The company’s stock had a trading volume of 806,500 shares, compared to its average volume of 1,163,259. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 11.41. Ashford Hospitality Trust has a 12-month low of $2.39 and a 12-month high of $6.63. The company has a market capitalization of $290.05 million, a P/E ratio of 2.33 and a beta of 1.40. The stock’s 50 day simple moving average is $2.70 and its 200-day simple moving average is $4.32.

In other news, Director Benjamin J. Md Ansell purchased 25,000 shares of the stock in a transaction on Tuesday, June 25th. The shares were acquired at an average price of $2.90 per share, for a total transaction of $72,500.00. Following the completion of the transaction, the director now directly owns 104,405 shares of the company’s stock, valued at approximately $302,774.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Benjamin J. Md Ansell purchased 20,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were purchased at an average price of $3.36 per share, for a total transaction of $67,200.00. Following the transaction, the director now directly owns 104,405 shares of the company’s stock, valued at $350,800.80. The disclosure for this purchase can be found here. Company insiders own 11.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AHT. Bank of New York Mellon Corp increased its holdings in shares of Ashford Hospitality Trust by 20.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,086,957 shares of the real estate investment trust’s stock worth $4,348,000 after buying an additional 181,661 shares during the period. GWM Advisors LLC grew its stake in Ashford Hospitality Trust by 27.8% in the 1st quarter. GWM Advisors LLC now owns 321,929 shares of the real estate investment trust’s stock worth $1,529,000 after acquiring an additional 70,000 shares in the last quarter. Raymond James & Associates bought a new position in shares of Ashford Hospitality Trust during the fourth quarter valued at approximately $54,000. Nordea Investment Management AB boosted its stake in shares of Ashford Hospitality Trust by 3.3% during the first quarter. Nordea Investment Management AB now owns 757,105 shares of the real estate investment trust’s stock valued at $3,597,000 after purchasing an additional 24,500 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Ashford Hospitality Trust by 11.3% during the fourth quarter. Geode Capital Management LLC now owns 1,242,214 shares of the real estate investment trust’s stock valued at $4,968,000 after purchasing an additional 125,675 shares in the last quarter. Institutional investors and hedge funds own 69.97% 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.

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

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