Ashford Hospitality Trust Inc (AHT) Expected to Announce Earnings of $0.34 Per Share
Equities research analysts expect that Ashford Hospitality Trust Inc (NYSE:AHT) will post earnings per share of $0.34 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Ashford Hospitality Trust’s earnings, with estimates ranging from $0.30 to $0.36. Ashford Hospitality Trust posted earnings of ($0.37) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 191.9%. The company is expected to report its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.35 to $1.49. For the next financial year, analysts anticipate that the company will report earnings of $1.42 per share, with EPS estimates ranging from $1.35 to $1.53. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $390.70 million for the quarter, compared to analyst estimates of $399.01 million. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share.
Several analysts have recently weighed in on the company. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine lowered Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Cantor Fitzgerald decreased their price objective on Ashford Hospitality Trust from $8.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, August 11th. BidaskClub lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Canaccord Genuity reissued a “hold” rating and set a $7.00 price objective on shares of Ashford Hospitality Trust in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $7.46.
Large investors have recently made changes to their positions in the company. Utah Retirement Systems grew its holdings in shares of Ashford Hospitality Trust by 38.8% during the 1st quarter. Utah Retirement Systems now owns 17,900 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 5,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Ashford Hospitality Trust by 43.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,942 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,442 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Ashford Hospitality Trust in the 2nd quarter valued at $116,000. Princeton Portfolio Strategies Group LLC acquired a new stake in Ashford Hospitality Trust in the 1st quarter valued at $127,000. Finally, Verition Fund Management LLC acquired a new stake in Ashford Hospitality Trust in the 2nd quarter valued at $148,000. 70.27% of the stock is currently owned by institutional investors.
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Ashford Hospitality Trust (NYSE:AHT) traded up 0.80% during midday trading on Friday, hitting $6.29. The company had a trading volume of 29,217 shares. The company’s 50 day moving average is $6.14 and its 200-day moving average is $6.27. The company’s market cap is $612.83 million. Ashford Hospitality Trust has a one year low of $5.35 and a one year high of $8.23.
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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