Zacks: Brokerages Anticipate Ashford Hospitality Trust, Inc. (AHT) Will Announce Earnings of $0.29 Per Share
Equities research analysts predict that Ashford Hospitality Trust, Inc. (NYSE:AHT) will report $0.29 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ashford Hospitality Trust’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.33. Ashford Hospitality Trust posted earnings per share of $0.32 during the same quarter last year, which indicates a negative year over year growth rate of 9.4%. The business is expected to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that Ashford Hospitality Trust will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.50. For the next financial year, analysts anticipate that the company will post earnings of $1.42 per share, with EPS estimates ranging from $1.32 to $1.58. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Thursday, March 1st. The real estate investment trust reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.71). Ashford Hospitality Trust had a negative return on equity of 9.01% and a negative net margin of 4.44%. The company had revenue of $341.57 million during the quarter, compared to analyst estimates of $334.44 million.
Hedge funds have recently made changes to their positions in the stock. Barnett & Company Inc. bought a new position in Ashford Hospitality Trust during the fourth quarter valued at about $132,000. SG Americas Securities LLC boosted its stake in Ashford Hospitality Trust by 80.5% during the third quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 9,060 shares in the last quarter. Schroder Investment Management Group bought a new position in Ashford Hospitality Trust during the third quarter valued at about $156,000. MetLife Investment Advisors LLC bought a new position in Ashford Hospitality Trust during the fourth quarter valued at about $162,000. Finally, AMP Capital Investors Ltd boosted its stake in Ashford Hospitality Trust by 80.2% during the fourth quarter. AMP Capital Investors Ltd now owns 24,247 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 10,788 shares in the last quarter. 74.63% of the stock is owned by institutional investors and hedge funds.
Ashford Hospitality Trust (NYSE:AHT) opened at $6.56 on Friday. Ashford Hospitality Trust has a 52 week low of $5.42 and a 52 week high of $7.20. The stock has a market capitalization of $650.69, a price-to-earnings ratio of -5.21, a PEG ratio of 0.97 and a beta of 1.56. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 5.84.
Ashford Hospitality Trust declared that its Board of Directors has authorized a stock buyback plan on Monday, December 11th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.48 annualized dividend and a dividend yield of 7.32%. Ashford Hospitality Trust’s payout ratio is -38.10%.
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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.
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