Ashford Hospitality Trust Inc (AHT) Expected to Post Earnings of $0.20 Per Share
Equities research analysts expect Ashford Hospitality Trust Inc (NYSE:AHT) to announce earnings per share (EPS) of $0.20 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ashford Hospitality Trust’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.19. Ashford Hospitality Trust posted earnings per share of ($0.61) during the same quarter last year, which indicates a positive year over year growth rate of 132.8%. The firm is scheduled to issue its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.49. For the next fiscal year, analysts expect that the firm will report earnings of $1.43 per share, with EPS estimates ranging from $1.35 to $1.53. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). The business had revenue of $353.33 million during the quarter, compared to the consensus estimate of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.56% and a negative net margin of 5.61%. Ashford Hospitality Trust’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share.
AHT has been the topic of several research reports. Zacks Investment Research lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Cantor Fitzgerald restated a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a research report on Thursday, September 14th. ValuEngine upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Finally, BidaskClub lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Ashford Hospitality Trust presently has a consensus rating of “Hold” and a consensus price target of $7.50.
Institutional investors have recently added to or reduced their stakes in the business. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Ashford Hospitality Trust in the second quarter worth $116,000. Verition Fund Management LLC bought a new stake in Ashford Hospitality Trust in the second quarter worth $148,000. Eqis Capital Management Inc. boosted its holdings in Ashford Hospitality Trust by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 27,113 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 1,481 shares in the last quarter. WFG Advisors LP boosted its holdings in Ashford Hospitality Trust by 20.1% in the second quarter. WFG Advisors LP now owns 31,230 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 5,230 shares in the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in Ashford Hospitality Trust in the second quarter worth $194,000. 70.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ashford Hospitality Trust (AHT) opened at $6.28 on Friday. The firm has a market capitalization of $614.70, a P/E ratio of 4.85, a PEG ratio of 0.91 and a beta of 1.53. Ashford Hospitality Trust has a 1 year low of $5.35 and a 1 year high of $8.23. The company has a debt-to-equity ratio of 4.94, a current ratio of 4.37 and a quick ratio of 4.37.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 7.64%. The ex-dividend date of this dividend was Thursday, September 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -35.04%.
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Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.
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