Equities analysts predict that Ashford Hospitality Trust, Inc. (NYSE:AHT) will post sales of $349.42 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Ashford Hospitality Trust’s earnings, with the highest sales estimate coming in at $359.32 million and the lowest estimate coming in at $345.00 million. Ashford Hospitality Trust reported sales of $353.71 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.2%. The company is expected to report its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year sales of $349.42 million for the current year, with estimates ranging from $1.44 billion to $1.47 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.48 billion per share, with estimates ranging from $1.46 billion to $1.49 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last posted its earnings results on Thursday, March 1st. The real estate investment trust reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.71). Ashford Hospitality Trust had a negative net margin of 4.44% and a negative return on equity of 9.01%. The business had revenue of $341.57 million during the quarter, compared to analysts’ expectations of $334.44 million.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Ashford Hospitality Trust by 1.6% during the 4th quarter. BlackRock Inc. now owns 7,911,925 shares of the real estate investment trust’s stock worth $53,247,000 after purchasing an additional 123,176 shares in the last quarter. Renaissance Technologies LLC grew its stake in Ashford Hospitality Trust by 29.4% during the 4th quarter. Renaissance Technologies LLC now owns 3,575,500 shares of the real estate investment trust’s stock worth $24,063,000 after purchasing an additional 811,400 shares in the last quarter. LSV Asset Management grew its stake in Ashford Hospitality Trust by 15.6% during the 4th quarter. LSV Asset Management now owns 2,435,832 shares of the real estate investment trust’s stock worth $16,393,000 after purchasing an additional 328,646 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Ashford Hospitality Trust by 12.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,639,999 shares of the real estate investment trust’s stock worth $11,038,000 after purchasing an additional 176,995 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Ashford Hospitality Trust by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,552,321 shares of the real estate investment trust’s stock worth $10,354,000 after purchasing an additional 25,573 shares in the last quarter. Hedge funds and other institutional investors own 74.63% of the company’s stock.
NYSE:AHT traded up $0.01 on Friday, reaching $6.46. The company’s stock had a trading volume of 434,567 shares, compared to its average volume of 574,381. Ashford Hospitality Trust has a 12-month low of $5.42 and a 12-month high of $7.20. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 5.84. The company has a market capitalization of $629.26, a P/E ratio of 4.72, a P/E/G ratio of 0.94 and a beta of 1.56.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.48 annualized dividend and a dividend yield of 7.43%. Ashford Hospitality Trust’s dividend payout ratio is presently 35.04%.
Ashford Hospitality Trust announced that its board has initiated a stock buyback plan on Monday, December 11th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
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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.
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