Ashford Hospitality Trust, Inc. (NYSE:AHT) announced a quarterly dividend on Monday, December 11th, Zacks reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, January 16th. This represents a $0.48 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Thursday, December 28th.

Ashford Hospitality Trust has increased its dividend by an average of 0.7% per year over the last three years. Ashford Hospitality Trust has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Ashford Hospitality Trust to earn $1.43 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 33.6%.

Ashford Hospitality Trust (AHT) traded down $0.03 on Tuesday, reaching $6.67. The company’s stock had a trading volume of 451,500 shares, compared to its average volume of 628,167. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 5.29. The stock has a market cap of $652.69, a P/E ratio of 5.15, a PEG ratio of 0.97 and a beta of 1.49. Ashford Hospitality Trust has a 12-month low of $5.68 and a 12-month high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The company had revenue of $353.33 million for the quarter, compared to analysts’ expectations of $360.10 million. Ashford Hospitality Trust had a negative net margin of 5.61% and a negative return on equity of 10.79%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. analysts predict that Ashford Hospitality Trust will post 1.38 earnings per share for the current fiscal year.

Ashford Hospitality Trust declared that its Board of Directors has initiated a share repurchase program on Monday, December 11th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

A number of equities research analysts recently weighed in on AHT shares. ValuEngine upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Robert W. Baird reiterated a “hold” rating and set a $7.00 target price on shares of Ashford Hospitality Trust in a report on Friday, November 10th. Zacks Investment Research cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. B. Riley reiterated a “buy” rating on shares of Ashford Hospitality Trust in a report on Wednesday, November 1st. Finally, Cantor Fitzgerald restated a “buy” rating and set a $7.50 price objective on shares of Ashford Hospitality Trust in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.42.

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About Ashford Hospitality Trust

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.

Dividend History for Ashford Hospitality Trust (NYSE:AHT)

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