Ashford Hospitality Trust Inc (AHT) Scheduled to Post Quarterly Earnings on Thursday
Ashford Hospitality Trust Inc (NYSE:AHT) will be issuing its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of ($0.30) per share for the quarter.
Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The business had revenue of $390.70 million for the quarter, compared to the consensus estimate of $399.01 million. During the same period in the previous year, the firm earned $0.60 EPS. The company’s revenue was down 4.9% compared to the same quarter last year. On average, analysts expect Ashford Hospitality Trust to post $-1.10 EPS for the current fiscal year and $-0.99 EPS for the next fiscal year.
Shares of Ashford Hospitality Trust Inc (NYSE AHT) opened at 7.05 on Thursday. The firm’s 50-day moving average is $6.69 and its 200-day moving average is $6.37. The company’s market cap is $686.88 million. Ashford Hospitality Trust Inc has a one year low of $5.35 and a one year high of $8.23.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend was Thursday, September 28th. Ashford Hospitality Trust’s dividend payout ratio is presently -35.82%.
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Several brokerages have recently weighed in on AHT. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research note on Tuesday, October 10th. Cantor Fitzgerald reiterated a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. Finally, BidaskClub cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.50.
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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