Ashford Hospitality Trust, Inc. (AHT) Expected to Post Quarterly Sales of $334.44 Million

Equities research analysts expect Ashford Hospitality Trust, Inc. (NYSE:AHT) to post $334.44 million in sales for the current quarter, Zacks reports. Four analysts have issued 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 in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.1%. The business is expected to announce its next earnings report after the market closes on Thursday, March 1st.

On average, analysts expect that Ashford Hospitality Trust will report full-year sales of $334.44 million for the current fiscal year, with estimates ranging from $1.43 billion to $1.44 billion. For the next year, analysts anticipate that the business will post sales of $1.45 billion per share, with estimates ranging from $1.43 billion to $1.47 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ 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 net margin of 5.61% and a negative return on equity of 10.79%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS.

A number of analysts have commented on the stock. ValuEngine cut shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. Finally, B. Riley reissued a “buy” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $7.42.

Shares of Ashford Hospitality Trust (AHT) opened at $6.47 on Friday. 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 company has a market cap of $627.36 and a price-to-earnings ratio of 4.95. Ashford Hospitality Trust has a 1 year low of $5.68 and a 1 year high of $7.98.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.42%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently -35.04%.

Ashford Hospitality Trust declared that its board has initiated a share buyback program on Monday, December 11th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are often 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 AHT. SG Americas Securities LLC boosted its position in shares of Ashford Hospitality Trust by 80.5% during the 3rd quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 9,060 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Ashford Hospitality Trust during the 2nd quarter worth about $148,000. Schroder Investment Management Group bought a new position in shares of Ashford Hospitality Trust during the 3rd quarter worth about $156,000. WFG Advisors LP boosted its position in shares of Ashford Hospitality Trust by 20.1% during the 2nd quarter. WFG Advisors LP now owns 31,230 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 5,230 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Ashford Hospitality Trust by 13.4% during the 2nd quarter. Voya Investment Management LLC now owns 39,960 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 4,716 shares in the last quarter. 71.15% of the stock is currently 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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