Analysts forecast that Ashford Hospitality Trust, Inc. (NYSE:AHT) will report sales of $407.29 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ashford Hospitality Trust’s earnings, with estimates ranging from $388.71 million to $417.86 million. Ashford Hospitality Trust posted sales of $389.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.7%. The firm is scheduled to report its next earnings report on Thursday, August 1st.
On average, analysts expect that Ashford Hospitality Trust will report full year sales of $1.50 billion for the current fiscal year, with estimates ranging from $1.49 billion to $1.52 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.54 billion, with estimates ranging from $1.53 billion to $1.56 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.74). The firm had revenue of $358.72 million for the quarter, compared to the consensus estimate of $353.87 million. Ashford Hospitality Trust had a negative net margin of 9.58% and a negative return on equity of 30.20%.
Institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC lifted its stake in shares of Ashford Hospitality Trust by 20.2% in the 4th quarter. Hsbc Holdings PLC now owns 18,064 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 3,037 shares during the last quarter. Cutler Group LP grew its position in Ashford Hospitality Trust by 64.7% during the 4th quarter. Cutler Group LP now owns 8,400 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 3,300 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Ashford Hospitality Trust by 5.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 64,277 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 3,469 shares during the period. Arrow Investment Advisors LLC increased its stake in Ashford Hospitality Trust by 7.6% in the 4th quarter. Arrow Investment Advisors LLC now owns 68,145 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 4,817 shares during the period. Finally, Utah Retirement Systems increased its stake in Ashford Hospitality Trust by 20.3% in the 4th quarter. Utah Retirement Systems now owns 29,000 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 4,900 shares during the period. 69.96% of the stock is owned by institutional investors and hedge funds.
NYSE:AHT traded down $0.14 during mid-day trading on Wednesday, reaching $4.30. The stock had a trading volume of 549,535 shares, compared to its average volume of 529,717. The company has a market capitalization of $448.91 million, a price-to-earnings ratio of 3.41, a PEG ratio of 0.78 and a beta of 1.77. The company has a debt-to-equity ratio of 11.28, a current ratio of 3.07 and a quick ratio of 3.07. Ashford Hospitality Trust has a one year low of $3.85 and a one year high of $8.66.
About Ashford Hospitality Trust
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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