Ashford Hospitality Trust Inc (NYSE:AHT) – DA Davidson decreased their FY2017 EPS estimates for shares of Ashford Hospitality Trust in a report issued on Monday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will earn $1.39 per share for the year, down from their previous forecast of $1.50.

A number of other analysts have also recently weighed in on the stock. ValuEngine cut shares of Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Cantor Fitzgerald set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Thursday, May 18th. Zacks Investment Research cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Canaccord Genuity reissued a “hold” rating and set a $7.00 price objective on shares of Ashford Hospitality Trust in a report on Monday, May 8th. Finally, BidaskClub cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.54.

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Ashford Hospitality Trust (NYSE:AHT) opened at 5.92 on Thursday. The firm’s market cap is $576.79 million. Ashford Hospitality Trust has a 52 week low of $5.35 and a 52 week high of $8.23. The firm’s 50-day moving average is $6.22 and its 200-day moving average is $6.51.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.03. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.36%. The company had revenue of $390.70 million for the quarter, compared to analyst estimates of $399.01 million. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the stock. Kennedy Capital Management Inc. boosted its position in shares of Ashford Hospitality Trust by 60.2% in the second quarter. Kennedy Capital Management Inc. now owns 548,216 shares of the real estate investment trust’s stock worth $3,333,000 after buying an additional 206,068 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ashford Hospitality Trust by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 5,094,041 shares of the real estate investment trust’s stock worth $30,972,000 after buying an additional 99,643 shares during the last quarter. Chicago Equity Partners LLC boosted its position in shares of Ashford Hospitality Trust by 18.9% in the second quarter. Chicago Equity Partners LLC now owns 553,437 shares of the real estate investment trust’s stock worth $3,365,000 after buying an additional 87,957 shares during the last quarter. IndexIQ Advisors LLC boosted its position in shares of Ashford Hospitality Trust by 105.4% in the second quarter. IndexIQ Advisors LLC now owns 180,792 shares of the real estate investment trust’s stock worth $1,099,000 after buying an additional 92,786 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Ashford Hospitality Trust by 2.1% in the second quarter. Prudential Financial Inc. now owns 2,539,027 shares of the real estate investment trust’s stock worth $15,437,000 after buying an additional 51,100 shares during the last quarter. 72.09% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.11%. Ashford Hospitality Trust’s payout ratio is -35.82%.

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 and Estimates for Ashford Hospitality Trust (NYSE:AHT)

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