Wall Street analysts expect Ashford Hospitality Trust, Inc. (NYSE:AHT) to report sales of $334.19 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Ashford Hospitality Trust’s earnings, with the lowest sales estimate coming in at $329.10 million and the highest estimate coming in at $342.03 million. Ashford Hospitality Trust reported sales of $341.67 million during the same quarter last year, which indicates a negative year-over-year growth rate of 2.2%. The business is expected to report its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Ashford Hospitality Trust will report full year sales of $334.19 million for the current fiscal year, with estimates ranging from $1.43 billion to $1.44 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.45 billion per share, with estimates ranging from $1.43 billion to $1.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The firm had revenue of $353.33 million for the quarter, compared to the consensus estimate of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share.

Several analysts have weighed in on the company. B. Riley reissued a “buy” rating on shares of Ashford Hospitality Trust in a report on Wednesday, November 1st. Cantor Fitzgerald reissued a “buy” rating and set a $7.50 price objective on shares of Ashford Hospitality Trust in a report on Tuesday, October 3rd. ValuEngine cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Robert W. Baird reissued a “hold” rating and set a $7.00 price objective on shares of Ashford Hospitality Trust in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.42.

Shares of Ashford Hospitality Trust (NYSE AHT) opened at $6.71 on Wednesday. The firm has a market capitalization of $649.77, a PE ratio of 5.13, a price-to-earnings-growth ratio of 0.97 and a beta of 1.49. Ashford Hospitality Trust has a twelve month low of $5.68 and a twelve month high of $8.23. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 5.29.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.15%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently -35.04%.

Ashford Hospitality Trust announced that its Board of Directors has approved a share repurchase plan on Monday, December 11th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Ashford Hospitality Trust by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 17,010,778 shares of the real estate investment trust’s stock valued at $103,426,000 after acquiring an additional 541,526 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ashford Hospitality Trust by 2.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,094,041 shares of the real estate investment trust’s stock valued at $30,972,000 after acquiring an additional 99,643 shares during the last quarter. State Street Corp increased its stake in shares of Ashford Hospitality Trust by 1.9% in the 2nd quarter. State Street Corp now owns 2,821,019 shares of the real estate investment trust’s stock valued at $17,152,000 after acquiring an additional 53,797 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Ashford Hospitality Trust by 2.1% in the 2nd quarter. Prudential Financial Inc. now owns 2,539,027 shares of the real estate investment trust’s stock valued at $15,437,000 after acquiring an additional 51,100 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Ashford Hospitality Trust by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,262,000 shares of the real estate investment trust’s stock valued at $13,753,000 after acquiring an additional 126,100 shares during the last quarter. 71.05% of the stock is owned by institutional investors.

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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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Earnings History and Estimates for Ashford Hospitality Trust (NYSE:AHT)

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