Zacks: Brokerages Anticipate Ashford Hospitality Trust, Inc. (AHT) to Post $0.21 Earnings Per Share
Equities analysts expect Ashford Hospitality Trust, Inc. (NYSE:AHT) to post earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Ashford Hospitality Trust’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.23. Ashford Hospitality Trust reported earnings of ($0.61) per share during the same quarter last year, which suggests a positive year over year growth rate of 134.4%. The business is scheduled to report its next earnings results on Thursday, February 22nd.
On average, analysts expect that Ashford Hospitality Trust will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.49. For the next fiscal year, analysts forecast that the company will report earnings of $1.43 per share, with EPS estimates ranging from $1.38 to $1.49. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Ashford Hospitality Trust had a negative net margin of 5.61% and a negative return on equity of 10.79%. The business had revenue of $353.33 million during the quarter, compared to the consensus estimate of $360.10 million. During the same period in the prior year, the company posted $0.40 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of AHT. Dimensional Fund Advisors LP raised its stake in shares of Ashford Hospitality Trust by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,536,603 shares of the real estate investment trust’s stock valued at $9,788,000 after purchasing an additional 68,871 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Ashford Hospitality Trust by 5.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 60,696 shares of the real estate investment trust’s stock worth $387,000 after acquiring an additional 2,989 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Ashford Hospitality Trust by 30.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,301,506 shares of the real estate investment trust’s stock worth $7,914,000 after acquiring an additional 302,950 shares in the last quarter. Foundry Partners LLC raised its stake in Ashford Hospitality Trust by 8.3% during the second quarter. Foundry Partners LLC now owns 997,470 shares of the real estate investment trust’s stock worth $6,065,000 after acquiring an additional 76,027 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Ashford Hospitality Trust by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 867,559 shares of the real estate investment trust’s stock worth $5,275,000 after acquiring an additional 53,201 shares in the last quarter. Institutional investors and hedge funds own 71.05% of the company’s stock.
Ashford Hospitality Trust (NYSE:AHT) traded down $0.02 on Monday, hitting $6.70. The stock had a trading volume of 322,000 shares, compared to its average volume of 628,912. Ashford Hospitality Trust has a 12 month low of $5.68 and a 12 month high of $8.23. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 5.29. The company has a market capitalization of $652.69, a PE ratio of 5.15, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46.
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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.
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