Ashford Hospitality Trust Inc (AHT) Releases Earnings Results, Misses Estimates By $0.02 EPS
Ashford Hospitality Trust Inc (NYSE:AHT) released its earnings results on Thursday. 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), Bloomberg Earnings reports. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The company had revenue of $353.33 million for the quarter, compared to the consensus estimate of $360.10 million. During the same period in the prior year, the company earned $0.40 earnings per share. The firm’s revenue was down 5.0% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend was Thursday, September 28th. Ashford Hospitality Trust’s payout ratio is currently -35.82%.
A number of research firms have recently weighed in on AHT. Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded shares of Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. BidaskClub downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Ashford Hospitality Trust has a consensus rating of “Hold” and an average price target of $7.50.
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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