Ashford Hospitality Trust, Inc. (AHT) to Post Q1 2020 Earnings of $0.24 Per Share, B. Riley Forecasts

Ashford Hospitality Trust, Inc. (NYSE:AHT) – Equities research analysts at B. Riley cut their Q1 2020 earnings per share estimates for Ashford Hospitality Trust in a research report issued to clients and investors on Monday, May 6th, according to Zacks Investment Research. B. Riley analyst B. Maher now expects that the real estate investment trust will post earnings of $0.24 per share for the quarter, down from their prior forecast of $0.26. B. Riley also issued estimates for Ashford Hospitality Trust’s Q2 2020 earnings at $0.46 EPS, Q3 2020 earnings at $0.27 EPS, Q4 2020 earnings at $0.19 EPS and FY2021 earnings at $1.24 EPS.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.74). The company had revenue of $358.72 million for the quarter, compared to the consensus estimate of $353.87 million. Ashford Hospitality Trust had a negative return on equity of 30.20% and a negative net margin of 9.58%.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a report on Monday, March 11th. ValuEngine upgraded Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.67.

AHT stock traded down $0.07 during mid-day trading on Wednesday, reaching $4.46. The company’s stock had a trading volume of 883,600 shares, compared to its average volume of 518,441. The company has a market cap of $478.03 million, a P/E ratio of 3.55, a PEG ratio of 0.86 and a beta of 1.70. The company has a debt-to-equity ratio of 11.28, a quick ratio of 3.07 and a current ratio of 3.07. Ashford Hospitality Trust has a 12 month low of $3.85 and a 12 month high of $8.66.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Ashford Hospitality Trust by 2.0% during the third quarter. BlackRock Inc. now owns 8,462,278 shares of the real estate investment trust’s stock valued at $54,073,000 after acquiring an additional 163,583 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ashford Hospitality Trust by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,661,098 shares of the real estate investment trust’s stock valued at $10,614,000 after acquiring an additional 11,008 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of Ashford Hospitality Trust by 55.6% during the third quarter. MetLife Investment Advisors LLC now owns 56,969 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 20,350 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Ashford Hospitality Trust during the third quarter valued at approximately $676,000. Finally, Teachers Advisors LLC increased its holdings in shares of Ashford Hospitality Trust by 6.0% during the third quarter. Teachers Advisors LLC now owns 178,070 shares of the real estate investment trust’s stock valued at $1,138,000 after acquiring an additional 10,133 shares in the last quarter. Institutional investors and hedge funds own 69.96% of the company’s stock.

Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.

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

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