Ashford Hospitality Trust Inc (NYSE:AHT) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.60, Bloomberg Earnings reports. The business had revenue of $353.33 million for the quarter, compared to analysts’ expectations of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.41% and a negative net margin of 5.43%. Ashford Hospitality Trust’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.83%. The ex-dividend date of this dividend was Thursday, September 28th. Ashford Hospitality Trust’s dividend payout ratio is -35.82%.

A number of analysts have recently issued reports on the company. ValuEngine cut Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. Cantor Fitzgerald restated a “buy” rating and set a $7.50 price objective on shares of Ashford Hospitality Trust in a research report on Thursday, September 14th. Finally, BidaskClub cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.50.

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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.

Earnings History for Ashford Hospitality Trust (NYSE:AHT)

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