Analysts Anticipate Ashford Hospitality Trust, Inc. (NYSE:AHT) Will Post Earnings of $0.04 Per Share

Wall Street analysts expect that Ashford Hospitality Trust, Inc. (NYSE:AHT – Get Rating) will announce $0.04 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ashford Hospitality Trust’s earnings. The highest EPS estimate is $0.26 and the lowest is ($0.19). Ashford Hospitality Trust reported earnings per share of ($3.00) during the same quarter last year, which would indicate a positive year over year growth rate of 101.3%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Ashford Hospitality Trust will report full-year earnings of $1.80 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $2.22. For the next fiscal year, analysts forecast that the firm will report earnings of $2.62 per share, with EPS estimates ranging from $1.74 to $3.49. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT – Get Rating) last issued its earnings results on Tuesday, February 22nd. The real estate investment trust reported ($1.75) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.95) by $0.20. During the same period last year, the company earned ($16.70) earnings per share.

A number of brokerages recently issued reports on AHT. StockNews.com began coverage on Ashford Hospitality Trust in a research report on Thursday, March 31st. They set a “sell” rating for the company. Zacks Investment Research downgraded Ashford Hospitality Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, March 11th. B. Riley lowered their target price on Ashford Hospitality Trust from $17.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, March 7th. Finally, Oppenheimer started coverage on Ashford Hospitality Trust in a report on Thursday, April 21st. They set a “market perform” rating and a $10.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.50.

Shares of AHT traded down $0.59 during midday trading on Friday, reaching $7.05. The company had a trading volume of 936,034 shares, compared to its average volume of 928,196. Ashford Hospitality Trust has a 1-year low of $6.56 and a 1-year high of $77.90. The stock has a market cap of $243.08 million, a PE ratio of -0.38 and a beta of 2.07. The firm has a 50 day simple moving average of $8.54 and a 200-day simple moving average of $10.12. The company has a quick ratio of 5.72, a current ratio of 5.72 and a debt-to-equity ratio of 67.56.

Several hedge funds and other institutional investors have recently modified their holdings of AHT. Daiwa Securities Group Inc. increased its position in Ashford Hospitality Trust by 25.8% during the first quarter. Daiwa Securities Group Inc. now owns 10,044 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 2,058 shares during the period. Nisa Investment Advisors LLC acquired a new position in Ashford Hospitality Trust during the first quarter worth approximately $522,000. BlackRock Inc. increased its position in Ashford Hospitality Trust by 7.6% during the fourth quarter. BlackRock Inc. now owns 1,703,833 shares of the real estate investment trust’s stock worth $16,356,000 after buying an additional 120,371 shares during the period. Wells Fargo & Company MN increased its position in Ashford Hospitality Trust by 46.7% during the fourth quarter. Wells Fargo & Company MN now owns 17,192 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 5,475 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Ashford Hospitality Trust by 138.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 476,050 shares of the real estate investment trust’s stock valued at $4,570,000 after purchasing an additional 276,259 shares during the period. 29.64% of the stock is currently owned by institutional investors and hedge funds.

Ashford Hospitality Trust Company Profile (Get Rating)

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

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