Ashford Hospitality Trust Inc (AHT) to Release Quarterly Earnings on Thursday
Ashford Hospitality Trust Inc (NYSE:AHT) will issue its quarterly earnings data after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.03 per share for the quarter.
Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. Ashford Hospitality Trust had a negative net margin of 3.96% and a negative return on equity of 7.58%. The business had revenue of $353.70 million during the quarter, compared to analysts’ expectations of $350.47 million. During the same period last year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts expect Ashford Hospitality Trust to post $-0.99 EPS for the current fiscal year and $-0.80 EPS for the next fiscal year.
Shares of Ashford Hospitality Trust Inc (AHT) opened at 6.15 on Thursday. The firm’s 50 day moving average is $6.32 and its 200-day moving average is $6.66. The firm’s market capitalization is $599.24 million. Ashford Hospitality Trust Inc has a 12 month low of $5.35 and a 12 month high of $8.23.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 7.80%. Ashford Hospitality Trust’s payout ratio is currently -43.64%.
Several research analysts have recently weighed in on the stock. Canaccord Genuity reiterated a “hold” rating and set a $7.00 price objective on shares of Ashford Hospitality Trust in a report on Monday, June 26th. ValuEngine lowered shares of Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. FBR & Co set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Saturday, April 8th. 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. Finally, Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.54.
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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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