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.
TRADEMARK VIOLATION NOTICE: This news story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2017/05/20/analysts-expect-ashford-hospitality-trust-inc-aht-will-announce-earnings-of-0-31-per-share-updated-updated.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ashford Hospitality Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.