Analysts Expect Ashford Hospitality Trust, Inc. (AHT) Will Announce Earnings of $0.31 Per Share

Equities research analysts predict that Ashford Hospitality Trust, Inc. (NYSE:AHT) will report earnings of $0.31 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Ashford Hospitality Trust’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.28. Ashford Hospitality Trust reported earnings of $0.36 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 13.9%. The business is expected to announce its next earnings results after the market closes on Thursday, May 4th.

According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.31 to $1.51. For the next financial year, analysts expect that the business will report earnings of $1.48 per share, with EPS estimates ranging from $1.42 to $1.58. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Ashford Hospitality Trust.

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 (EPS) for the quarter, missing the consensus estimate of ($0.32) by $0.29. The business had revenue of $300 million for the quarter, compared to analysts’ expectations of $345 million. Ashford Hospitality Trust had a negative net margin of 1.42% and a negative return on equity of 2.73%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share.

A number of brokerages have recently issued reports on AHT. FBR & Co set a $8.00 price target on shares of Ashford Hospitality Trust and gave the company a “buy” rating in a report on Saturday, April 8th. DA Davidson began coverage on shares of Ashford Hospitality Trust in a report on Wednesday, March 22nd. They issued a “buy” rating and a $8.00 price target for the company. Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Friday, March 17th. Cantor Fitzgerald reiterated an “outperform” rating and issued a $8.00 price target on shares of Ashford Hospitality Trust in a report on Tuesday, February 28th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $7.50 price target on shares of Ashford Hospitality Trust in a report on Wednesday, January 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $7.25.

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Shares of Ashford Hospitality Trust (NYSE:AHT) traded down 2.95% during mid-day trading on Thursday, hitting $6.25. 1,017,392 shares of the stock traded hands. The company’s market cap is $604.54 million. The firm has a 50 day moving average of $6.24 and a 200 day moving average of $6.83. Ashford Hospitality Trust has a 12 month low of $4.79 and a 12 month high of $8.23.

The business also recently declared a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.68%. Ashford Hospitality Trust’s dividend payout ratio is presently -71.64%.

A number of large investors have recently modified their holdings of the stock. 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 boosted 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. Wellington Shields Capital Management LLC boosted 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. Princeton Alpha Management LP acquired a new stake in shares of Ashford Hospitality Trust during the third quarter worth approximately $223,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Ashford Hospitality Trust by 503.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 63,296 shares of the real estate investment trust’s stock worth $492,000 after buying an additional 52,800 shares during the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

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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