Ashford Hospitality Trust (NYSE:AHT) Issues Quarterly Earnings Results, Beats Estimates By $2.95 EPS

Ashford Hospitality Trust (NYSE:AHT) posted its quarterly earnings data on Wednesday. The real estate investment trust reported ($2.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.40) by $2.95, Zacks reports.

Ashford Hospitality Trust Trading Up 0.2%

Shares of AHT stock traded up $0.01 during trading on Wednesday, reaching $2.96. 62,923 shares of the company’s stock traded hands, compared to its average volume of 53,228. The firm’s 50-day moving average is $3.90 and its 200 day moving average is $4.68. The company has a market capitalization of $18.95 million, a P/E ratio of -0.06 and a beta of 1.69. Ashford Hospitality Trust has a 1 year low of $2.74 and a 1 year high of $8.55.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Ashford Hospitality Trust in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Ashford Hospitality Trust

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Ashford Hospitality Trust by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 5,175 shares during the period. Susquehanna International Group LLP raised its stake in shares of Ashford Hospitality Trust by 49.2% during the 3rd quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 17,991 shares during the period. Citadel Advisors LLC purchased a new stake in Ashford Hospitality Trust during the 3rd quarter worth about $157,000. State Street Corp boosted its stake in Ashford Hospitality Trust by 41.8% in the 4th quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 6,300 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in Ashford Hospitality Trust during the 3rd quarter valued at about $103,000. Hedge funds and other institutional investors own 41.04% of the company’s stock.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc (NYSE: AHT) is a real estate investment trust that acquires, owns and operates upscale and upper-upscale full-service hotels in the United States. The company’s portfolio spans a variety of urban, resort and convention-oriented markets and includes both well-known national brands and independent properties. Ashford Hospitality Trust seeks to generate long-term value through active asset management, strategic acquisitions, dispositions and selective joint venture partnerships.

Founded in 2003 and headquartered in Dallas, Texas, Ashford Hospitality Trust invests in properties affiliated with leading hospitality brands, including Marriott, Hilton, Hyatt and Starwood.