Q1 2017 Earnings Estimate for Ashford Hospitality Trust, Inc. (AHT) Issued By DA Davidson

Ashford Hospitality Trust, Inc. (NYSE:AHT) – Research analysts at DA Davidson issued their Q1 2017 earnings per share (EPS) estimates for Ashford Hospitality Trust in a report released on Tuesday, Zacks Investment Research reports. DA Davidson analyst J. Lykins forecasts that the real estate investment trust will earn $0.36 per share for the quarter. DA Davidson has a “Buy” rating and a $8.00 price target on the stock. DA Davidson also issued estimates for Ashford Hospitality Trust’s Q2 2017 earnings at $0.63 EPS, Q3 2017 earnings at $0.35 EPS, Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $1.51 EPS and FY2018 earnings at $1.58 EPS.

Several other brokerages have also recently weighed in on AHT. FBR & Co set a $8.00 target price on Ashford Hospitality Trust and gave the company a “buy” rating in a research note on Saturday, April 8th. Zacks Investment Research cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, March 17th. Cantor Fitzgerald reaffirmed an “outperform” rating and set a $8.00 target price on shares of Ashford Hospitality Trust in a research note on Tuesday, February 28th. Canaccord Genuity reaffirmed a “hold” rating and set a $7.50 target price on shares of Ashford Hospitality Trust in a research note on Wednesday, January 11th. Finally, Robert W. Baird cut Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and raised their target price for the company from $7.00 to $8.00 in a research note on Wednesday, January 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.25.

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

TRADEMARK VIOLATION NOTICE: This news story was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/04/21/da-davidson-comments-on-ashford-hospitality-trust-inc-s-q1-2017-earnings-aht-updated-updated.html.

Shares of Ashford Hospitality Trust (NYSE:AHT) traded down 1.54% on Friday, reaching $6.39. 367,510 shares of the company’s stock traded hands. The stock’s market capitalization is $618.09 million. The stock’s 50-day moving average price is $6.23 and its 200-day moving average price is $6.81. Ashford Hospitality Trust has a 52 week low of $4.79 and a 52 week high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, February 23rd. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by $0.29. The company had revenue of $300 million for the quarter, compared to analysts’ expectations of $345 million. Ashford Hospitality Trust had a negative return on equity of 2.73% and a negative net margin of 1.42%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS.

Large investors have recently made changes to their positions in the company. Diligent Investors LLC acquired a new stake in shares of Ashford Hospitality Trust during the fourth quarter worth approximately $127,000. Thrivent Financial for Lutherans raised its stake in shares of Ashford Hospitality Trust by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,028 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 100 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Ashford Hospitality Trust by 28.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 20,250 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 4,517 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Ashford Hospitality Trust during the third quarter worth approximately $120,000. Finally, Wellington Shields Capital Management LLC raised its stake in shares of Ashford Hospitality Trust by 61.8% in the third quarter. Wellington Shields Capital Management LLC now owns 33,023 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 12,608 shares during the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.48 dividend on an annualized basis and a yield of 7.40%. Ashford Hospitality Trust’s payout ratio is presently -71.64%.

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.

5 Day Chart for NYSE:AHT

Get a free copy of the Zacks research report on Ashford Hospitality Trust (AHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ashford Hospitality Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply