Ashford Hospitality Trust (AHT) to Release Quarterly Earnings on Wednesday

Ashford Hospitality Trust (NYSE:AHT) will be announcing its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of ($0.38) per share for the quarter.

Ashford Hospitality Trust (AHT) opened at $5.76 on Wednesday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.94 and a current ratio of 3.94. Ashford Hospitality Trust has a 12 month low of $5.42 and a 12 month high of $7.90. The firm has a market capitalization of $561.12, a PE ratio of -4.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.32.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.48 annualized dividend and a yield of 8.33%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently -34.04%.

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

Several brokerages recently commented on AHT. B. Riley reissued a “buy” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, November 1st. Zacks Investment Research cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. ValuEngine cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Robert W. Baird reissued a “hold” rating and issued a $7.00 price target on shares of Ashford Hospitality Trust in a research note on Friday, November 10th. Finally, Deutsche Bank lowered their price target on Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target 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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