Ashford Hospitality Trust (NYSE:AHT) Releases Earnings Results, Beats Estimates By $8.26 EPS

Ashford Hospitality Trust (NYSE:AHT) posted its earnings results on Wednesday. The real estate investment trust reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of ($6.64) by $8.26, FiscalAI reports. The company had revenue of $273.24 million during the quarter, compared to analysts’ expectations of $293.00 million.

Ashford Hospitality Trust Trading Down 1.9%

Shares of Ashford Hospitality Trust stock traded down $0.06 during trading on Wednesday, reaching $3.07. The company’s stock had a trading volume of 21,530 shares, compared to its average volume of 37,451. The company has a 50-day moving average price of $3.18 and a two-hundred day moving average price of $3.14. Ashford Hospitality Trust has a fifty-two week low of $2.50 and a fifty-two week high of $6.48. The firm has a market cap of $19.89 million, a PE ratio of -0.07 and a beta of 1.74.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Institutional Investors Weigh In On Ashford Hospitality Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Ashford Hospitality Trust by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 5,175 shares during the last quarter. Susquehanna International Group LLP increased its stake in Ashford Hospitality Trust by 49.2% in 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 buying an additional 17,991 shares during the period. Citadel Advisors LLC purchased a new position in Ashford Hospitality Trust during the 3rd quarter worth $157,000. State Street Corp lifted its stake in shares of 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 acquiring an additional 6,300 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Ashford Hospitality Trust in the third quarter valued at about $103,000. 41.04% of the stock is owned by hedge funds and other institutional investors.

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.