Ashford Hospitality Trust, Inc. (NYSE:AHT) Expected to Announce Earnings of $0.48 Per Share

Equities analysts expect Ashford Hospitality Trust, Inc. (NYSE:AHT) to report $0.48 earnings per share for the current quarter, according to Zacks. Five analysts have provided estimates for Ashford Hospitality Trust’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.45. Ashford Hospitality Trust posted earnings of $0.42 per share during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The company is scheduled to report its next earnings report after the market closes on Thursday, August 1st.

On average, analysts expect that Ashford Hospitality Trust will report full year earnings of $1.21 per share for the current year, with EPS estimates ranging from $1.17 to $1.28. For the next fiscal year, analysts anticipate that the company will post earnings of $1.27 per share, with EPS estimates ranging from $1.24 to $1.31. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Ashford Hospitality Trust.

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

A number of brokerages have commented on AHT. ValuEngine raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research raised Ashford Hospitality Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, March 11th. DA Davidson cut Ashford Hospitality Trust from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $4.00 in a research report on Monday, June 17th. Finally, Robert W. Baird set a $5.00 price target on Ashford Hospitality Trust and gave the stock a “hold” rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Ashford Hospitality Trust has an average rating of “Hold” and an average target price of $6.25.

Ashford Hospitality Trust stock opened at $2.97 on Wednesday. The company has a debt-to-equity ratio of 11.28, a current ratio of 3.07 and a quick ratio of 3.07. The firm has a market cap of $303.36 million, a PE ratio of 2.36, a price-to-earnings-growth ratio of 0.54 and a beta of 1.77. Ashford Hospitality Trust has a 1-year low of $2.77 and a 1-year high of $8.66. The stock has a fifty day simple moving average of $4.34.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.24 dividend on an annualized basis and a yield of 8.08%. Ashford Hospitality Trust’s dividend payout ratio is currently 19.05%.

In related news, Director Benjamin J. Md Ansell acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was acquired at an average price of $3.36 per share, with a total value of $67,200.00. Following the acquisition, the director now directly owns 104,405 shares in the company, valued at approximately $350,800.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin J. Md Ansell acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was bought at an average cost of $2.90 per share, with a total value of $72,500.00. Following the acquisition, the director now owns 104,405 shares in the company, valued at $302,774.50. The disclosure for this purchase can be found here. Insiders own 11.60% of the company’s stock.

Several hedge funds have recently modified their holdings of AHT. Norges Bank acquired a new position in shares of Ashford Hospitality Trust in the 4th quarter valued at about $5,869,000. BlackRock Inc. lifted its holdings in shares of Ashford Hospitality Trust by 6.4% in the 4th quarter. BlackRock Inc. now owns 9,006,331 shares of the real estate investment trust’s stock valued at $36,026,000 after buying an additional 544,053 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Ashford Hospitality Trust by 16.3% in the 1st quarter. JPMorgan Chase & Co. now owns 2,793,439 shares of the real estate investment trust’s stock valued at $13,269,000 after buying an additional 391,339 shares during the period. Millennium Management LLC lifted its holdings in shares of Ashford Hospitality Trust by 72.4% in the 4th quarter. Millennium Management LLC now owns 890,242 shares of the real estate investment trust’s stock valued at $3,561,000 after buying an additional 373,716 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Ashford Hospitality Trust by 101.9% in the 4th quarter. Nordea Investment Management AB now owns 732,605 shares of the real estate investment trust’s stock valued at $2,930,000 after buying an additional 369,805 shares during the period. 69.95% of the stock is owned by institutional investors and hedge funds.

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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