Ashford Hospitality Trust Inc (AHT) Declares Quarterly Dividend of $0.12
Ashford Hospitality Trust Inc (NYSE:AHT) announced a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Stockholders of record on Saturday, September 30th will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, October 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date is Thursday, September 28th.
Ashford Hospitality Trust has raised its dividend by an average of 0.7% annually over the last three years. Ashford Hospitality Trust has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ashford Hospitality Trust to earn ($0.99) per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of -48.5%.
Shares of Ashford Hospitality Trust (NYSE AHT) traded down 1.07% during midday trading on Thursday, hitting $6.46. The stock had a trading volume of 395,814 shares. The stock has a 50 day moving average price of $6.16 and a 200-day moving average price of $6.25. Ashford Hospitality Trust has a 52 week low of $5.35 and a 52 week high of $8.23. The stock’s market capitalization is $629.40 million.
Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $390.70 million during the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities research analysts anticipate that Ashford Hospitality Trust will post ($1.10) earnings per share for the current year.
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AHT has been the topic of a number of recent research reports. Cantor Fitzgerald set a $8.00 price objective on Ashford Hospitality Trust and gave the company a “buy” rating in a research report on Thursday, May 18th. Canaccord Genuity restated a “hold” rating on shares of Ashford Hospitality Trust in a research report on Friday, May 19th. ValuEngine lowered Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Ashford Hospitality Trust currently has a consensus rating of “Hold” and a consensus target price of $7.46.
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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