Wall Street analysts forecast that Ashford Hospitality Trust, Inc. (NYSE:AHT) will report earnings per share (EPS) of $0.21 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Ashford Hospitality Trust’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.23. Ashford Hospitality Trust reported earnings per share of $0.16 in the same quarter last year, which suggests a positive year over year growth rate of 31.3%. The business is expected to issue its next earnings results after the market closes on Thursday, March 1st.

On average, analysts expect that Ashford Hospitality Trust will report full year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.45. For the next financial year, analysts anticipate that the business will post earnings of $1.45 per share, with EPS estimates ranging from $1.38 to $1.52. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Ashford Hospitality Trust.

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

Several brokerages have weighed in on AHT. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. ValuEngine upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Robert W. Baird restated a “hold” rating and set a $7.00 target price on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. B. Riley restated a “buy” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Finally, Cantor Fitzgerald restated a “buy” rating and set a $7.50 target price on shares of Ashford Hospitality Trust in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.42.

Shares of Ashford Hospitality Trust (NYSE AHT) traded down $0.07 on Friday, reaching $6.69. 405,503 shares of the company’s stock traded hands, compared to its average volume of 506,520. 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 one year low of $5.68 and a one year high of $8.23. The firm has a market capitalization of $651.71, a price-to-earnings ratio of -4.88, a P/E/G ratio of 0.92 and a beta of 1.51.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.48 annualized dividend and a dividend yield of 7.17%. Ashford Hospitality Trust’s dividend payout ratio is presently -35.04%.

Ashford Hospitality Trust announced that its board has approved 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 purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Ashford Hospitality Trust by 3.3% in the second quarter. Vanguard Group Inc. now owns 17,010,778 shares of the real estate investment trust’s stock valued at $103,426,000 after purchasing an additional 541,526 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Ashford Hospitality Trust by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 5,094,041 shares of the real estate investment trust’s stock valued at $30,972,000 after purchasing an additional 99,643 shares during the last quarter. State Street Corp grew its position in shares of Ashford Hospitality Trust by 1.9% in the second quarter. State Street Corp now owns 2,821,019 shares of the real estate investment trust’s stock valued at $17,152,000 after purchasing an additional 53,797 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Ashford Hospitality Trust by 5.9% in the second quarter. Renaissance Technologies LLC now owns 2,262,000 shares of the real estate investment trust’s stock valued at $13,753,000 after purchasing an additional 126,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Ashford Hospitality Trust by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,552,321 shares of the real estate investment trust’s stock valued at $10,354,000 after purchasing an additional 25,573 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

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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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