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.

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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.

Earnings History for Ashford Hospitality Trust (NYSE:AHT)

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