Ashford Hospitality Trust Inc (AHT) Expected to Post Quarterly Sales of $400.58 Million
Equities research analysts expect Ashford Hospitality Trust Inc (NYSE:AHT) to post $400.58 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Ashford Hospitality Trust’s earnings. The highest sales estimate is $402.64 million and the lowest is $396.63 million. Ashford Hospitality Trust posted sales of $410.67 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.5%. The company is expected to report its next quarterly earnings results after the market closes on Thursday, August 3rd.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year sales of $400.58 million for the current financial year, with estimates ranging from $1.45 billion to $1.48 billion. For the next financial year, analysts anticipate that the company will post sales of $1.50 billion per share, with estimates ranging from $1.48 billion to $1.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last released its earnings results on Thursday, May 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.06. The business had revenue of $353.70 million for the quarter, compared to the consensus estimate of $350.47 million. Ashford Hospitality Trust had a negative net margin of 3.96% and a negative return on equity of 7.58%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share.
A number of brokerages recently weighed in on AHT. DA Davidson began coverage on shares of Ashford Hospitality Trust in a research report on Wednesday, March 22nd. They issued a “buy” rating and a $8.00 price target on the stock. Canaccord Genuity reiterated a “hold” rating on shares of Ashford Hospitality Trust in a research report on Friday, May 19th. ValuEngine downgraded shares of Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. FBR & Co set a $8.00 price target on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a research report on Saturday, April 8th. Finally, Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.18.
Ashford Hospitality Trust (AHT) traded down 0.577% on Thursday, hitting $6.035. 179,312 shares of the stock traded hands. Ashford Hospitality Trust has a 12-month low of $5.35 and a 12-month high of $8.23. The stock’s market capitalization is $588.04 million. The company’s 50 day moving average price is $6.32 and its 200-day moving average price is $6.81.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 7.91%. Ashford Hospitality Trust’s payout ratio is -43.64%.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Ashford Hospitality Trust by 7.3% in the first quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock worth $104,909,000 after buying an additional 1,121,239 shares during the last quarter. Norges Bank acquired a new stake in Ashford Hospitality Trust during the fourth quarter worth about $7,308,000. Teachers Advisors LLC boosted its stake in Ashford Hospitality Trust by 587.9% in the fourth quarter. Teachers Advisors LLC now owns 982,372 shares of the real estate investment trust’s stock worth $7,623,000 after buying an additional 839,558 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Ashford Hospitality Trust by 420.5% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 518,402 shares of the real estate investment trust’s stock worth $3,301,000 after buying an additional 418,802 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Ashford Hospitality Trust by 26.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,853,300 shares of the real estate investment trust’s stock worth $14,382,000 after buying an additional 385,300 shares during the last quarter. 72.41% of the stock is owned by institutional investors and hedge funds.
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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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