Ashford Hospitality Trust, Inc. (AHT) Declares Quarterly Dividend of $0.53
Ashford Hospitality Trust (NYSE:AHT) declared a quarterly dividend on Friday, June 13th, American Banking and Market News reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.5344 per share on Tuesday, July 15th. This represents a $2.14 dividend on an annualized basis and a yield of 19.85%.
A number of research firms have recently commented on AHT. Analysts at Zacks upgraded shares of Ashford Hospitality Trust from an “underperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $10.90 price target on the stock. On a related note, analysts at JMP Securities initiated coverage on shares of Ashford Hospitality Trust in a research note on Wednesday, May 14th. They set a $19.00 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Ashford Hospitality Trust from $10.50 to $11.00 in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.04.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, May 8th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.03. The company had revenue of $195.59 million for the quarter, compared to the consensus estimate of $194.80 million. During the same quarter last year, the company posted $0.35 earnings per share. Ashford Hospitality Trust’s revenue was down 15.7% compared to the same quarter last year.
Ashford Hospitality Trust, Inc(NYSE:AHT), together with its subsidiaries, is a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry.
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