Zacks: Analysts Anticipate Ashford Hospitality Trust, Inc. (AHT) to Announce $0.21 EPS

Equities research analysts expect that Ashford Hospitality Trust, Inc. (NYSE:AHT) will report $0.21 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Ashford Hospitality Trust’s earnings, with estimates ranging from $0.20 to $0.23. Ashford Hospitality Trust reported earnings of $0.24 per share in the same quarter last year, which indicates a negative year over year growth rate of 12.5%. The business is expected to report its next earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Ashford Hospitality Trust will report full year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.25. For the next year, analysts forecast that the business will report earnings of $1.32 per share, with EPS estimates ranging from $1.19 to $1.46. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.65). The firm had revenue of $355.93 million for the quarter, compared to the consensus estimate of $359.93 million. Ashford Hospitality Trust had a negative return on equity of 18.33% and a negative net margin of 7.15%.

A number of equities analysts have recently weighed in on AHT shares. ValuEngine raised shares of Ashford Hospitality Trust from a “strong sell” rating to a “sell” rating in a research report on Monday, September 24th. Zacks Investment Research cut shares of Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, B. Riley lifted their price target on shares of Ashford Hospitality Trust from $7.50 to $8.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Ashford Hospitality Trust has a consensus rating of “Hold” and an average price target of $8.00.

Large investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new stake in shares of Ashford Hospitality Trust during the second quarter worth $837,000. Chicago Equity Partners LLC raised its holdings in shares of Ashford Hospitality Trust by 85.6% during the second quarter. Chicago Equity Partners LLC now owns 577,555 shares of the real estate investment trust’s stock worth $4,678,000 after acquiring an additional 266,370 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Ashford Hospitality Trust by 89.8% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 22,169 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 10,491 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ashford Hospitality Trust by 82.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,788 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 10,323 shares during the period. Finally, Global X Management Co LLC raised its holdings in shares of Ashford Hospitality Trust by 0.6% during the second quarter. Global X Management Co LLC now owns 1,646,243 shares of the real estate investment trust’s stock worth $13,335,000 after acquiring an additional 9,599 shares during the period. Institutional investors and hedge funds own 73.13% of the company’s stock.

Shares of NYSE AHT opened at $5.45 on Friday. The firm has a market cap of $539.54 million, a PE ratio of 3.98, a PEG ratio of 1.10 and a beta of 1.36. Ashford Hospitality Trust has a twelve month low of $5.00 and a twelve month high of $8.66. The company has a current ratio of 3.67, a quick ratio of 4.44 and a debt-to-equity ratio of 7.79.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.81%. Ashford Hospitality Trust’s payout ratio is 35.04%.

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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