Ashford Hospitality Trust, Inc. to Post Q4 2018 Earnings of $0.06 Per Share, DA Davidson Forecasts (AHT)

Ashford Hospitality Trust, Inc. (NYSE:AHT) – Analysts at DA Davidson reduced their Q4 2018 EPS estimates for shares of Ashford Hospitality Trust in a research note issued to investors on Wednesday, November 21st. DA Davidson analyst J. Lykins now expects that the real estate investment trust will earn $0.06 per share for the quarter, down from their previous forecast of $0.14. DA Davidson also issued estimates for Ashford Hospitality Trust’s Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.84 EPS.

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

Several other equities analysts have also weighed in on AHT. B. Riley raised their target price on Ashford Hospitality Trust from $7.50 to $8.00 and gave the company a “buy” rating in a report on Monday, August 6th. ValuEngine lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Finally, Zacks Investment Research lowered Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.00.

NYSE AHT opened at $5.02 on Thursday. Ashford Hospitality Trust has a fifty-two week low of $4.82 and a fifty-two week high of $8.66. The company has a debt-to-equity ratio of 7.79, a quick ratio of 3.67 and a current ratio of 3.67. The stock has a market cap of $491.05 million, a price-to-earnings ratio of 3.66, a P/E/G ratio of 1.00 and a beta of 1.36.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Ashford Hospitality Trust by 2.0% in the third quarter. BlackRock Inc. now owns 8,462,278 shares of the real estate investment trust’s stock worth $54,073,000 after purchasing an additional 163,583 shares during the period. Renaissance Technologies LLC increased its stake in shares of Ashford Hospitality Trust by 13.7% in the third quarter. Renaissance Technologies LLC now owns 6,476,275 shares of the real estate investment trust’s stock worth $41,383,000 after purchasing an additional 780,347 shares during the period. LSV Asset Management increased its stake in shares of Ashford Hospitality Trust by 25.1% in the third quarter. LSV Asset Management now owns 3,330,913 shares of the real estate investment trust’s stock worth $21,284,000 after purchasing an additional 667,800 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Ashford Hospitality Trust in the third quarter worth about $10,955,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Ashford Hospitality Trust by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,661,098 shares of the real estate investment trust’s stock worth $10,614,000 after purchasing an additional 11,008 shares during the period. Institutional investors and hedge funds own 74.18% of the company’s stock.

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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