Zacks: Analysts Anticipate Ashford Hospitality Trust Inc (AHT) to Post $0.29 EPS

Analysts forecast that Ashford Hospitality Trust Inc (NYSE:AHT) will announce earnings per share of $0.29 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Ashford Hospitality Trust’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.24. Ashford Hospitality Trust posted earnings of $0.32 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.4%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, May 3rd.

On average, analysts expect that Ashford Hospitality Trust will report full year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.50. For the next fiscal year, analysts anticipate that the company will post earnings of $1.42 per share, with EPS estimates ranging from $1.32 to $1.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT) last posted its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.71). Ashford Hospitality Trust had a negative return on equity of 9.01% and a negative net margin of 4.44%. The firm had revenue of $341.57 million for the quarter, compared to analyst estimates of $334.44 million.

AHT has been the topic of several research reports. Zacks Investment Research raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. ValuEngine downgraded Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Cantor Fitzgerald set a $8.00 price objective on Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Monday, March 5th. B. Riley set a $8.00 price objective on Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Friday, March 2nd. Finally, Deutsche Bank reduced their price objective on Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Ashford Hospitality Trust has an average rating of “Hold” and a consensus price target of $7.50.

NYSE:AHT traded up $0.17 during trading hours on Monday, hitting $6.91. 511,598 shares of the stock were exchanged, compared to its average volume of 494,885. Ashford Hospitality Trust has a twelve month low of $5.42 and a twelve month high of $7.20. The company has a debt-to-equity ratio of 5.84, a quick ratio of 3.53 and a current ratio of 3.53. The company has a market cap of $656.54, a price-to-earnings ratio of 5.04, a P/E/G ratio of 0.99 and a beta of 1.36.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date is Wednesday, March 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is currently 35.04%.

Several hedge funds have recently bought and sold shares of AHT. Barnett & Company Inc. acquired a new position in shares of Ashford Hospitality Trust in the 4th quarter valued at $132,000. SG Americas Securities LLC lifted its stake in shares of Ashford Hospitality Trust by 80.5% in the 3rd quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 9,060 shares during the period. Schroder Investment Management Group acquired a new position in shares of Ashford Hospitality Trust in the 3rd quarter valued at $156,000. MetLife Investment Advisors LLC acquired a new position in shares of Ashford Hospitality Trust in the 4th quarter valued at $162,000. Finally, AMP Capital Investors Ltd lifted its stake in shares of Ashford Hospitality Trust by 80.2% in the 4th quarter. AMP Capital Investors Ltd now owns 24,247 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 10,788 shares during the period. 74.55% of the stock is currently owned by institutional investors.

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About Ashford Hospitality Trust

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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