Ashford Hospitality Trust, Inc. (NYSE:AHT) announced a quarterly dividend on Monday, December 11th, Zacks reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, January 16th. This represents a $0.48 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Thursday, December 28th.

Ashford Hospitality Trust has increased 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. Analysts expect Ashford Hospitality Trust to earn $1.43 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 33.6%.

Shares of Ashford Hospitality Trust (NYSE:AHT) traded down $0.03 during mid-day trading on Tuesday, reaching $6.67. 451,500 shares of the company’s stock traded hands, compared to its average volume of 628,167. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 5.29. Ashford Hospitality Trust has a 12-month low of $5.68 and a 12-month high of $8.23. The firm has a market cap of $652.69, a price-to-earnings ratio of 5.15, a P/E/G ratio of 0.97 and a beta of 1.49.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Ashford Hospitality Trust had a negative net margin of 5.61% and a negative return on equity of 10.79%. The business had revenue of $353.33 million during the quarter, compared to analyst estimates of $360.10 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. equities analysts expect that Ashford Hospitality Trust will post 1.38 earnings per share for the current fiscal year.

Several brokerages have issued reports 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 restated a “buy” rating and set a $7.50 price objective 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, Robert W. Baird restated a “hold” rating and set a $7.00 price objective on shares of Ashford Hospitality Trust in a research note on Friday, November 10th. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.42.

Ashford Hospitality Trust announced that its Board of Directors has initiated a stock repurchase plan on Monday, December 11th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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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.

Dividend History for Ashford Hospitality Trust (NYSE:AHT)

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