Ashford Hospitality Trust (AHT) Receiving Positive Media Coverage, Analysis Shows

Media coverage about Ashford Hospitality Trust (NYSE:AHT) has been trending positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ashford Hospitality Trust earned a coverage optimism score of 0.35 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 44.9002668482797 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Ashford Hospitality Trust (AHT) traded up $0.06 on Friday, reaching $6.76. The company’s stock had a trading volume of 359,300 shares, compared to its average volume of 467,087. The company has a debt-to-equity ratio of 5.29, a current ratio of 3.94 and a quick ratio of 3.94. The company has a market cap of $658.53, a price-to-earnings ratio of -4.79, a P/E/G ratio of 0.91 and a beta of 1.47. Ashford Hospitality Trust has a 1 year low of $5.68 and a 1 year high of $8.23.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $353.33 million for the quarter, compared to the consensus estimate of $360.10 million. Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. analysts expect that Ashford Hospitality Trust will post 1.37 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date is Thursday, December 28th. Ashford Hospitality Trust’s dividend payout ratio is currently -34.04%.

Ashford Hospitality Trust announced that its Board of Directors has approved a share repurchase program on Monday, December 11th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

A number of analysts recently commented on the company. Zacks Investment Research raised Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research report on Tuesday, October 10th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $7.50 target price on shares of Ashford Hospitality Trust in a research report on Tuesday, October 3rd. ValuEngine raised Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $7.00 target price on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. Finally, B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.42.

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About Ashford Hospitality Trust

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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