Brokerages Anticipate Ashford Hospitality Trust, Inc. (NYSE:AHT) Will Post Quarterly Sales of $240.64 Million

Brokerages expect Ashford Hospitality Trust, Inc. (NYSE:AHT – Get Rating) to report $240.64 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Ashford Hospitality Trust’s earnings. The lowest sales estimate is $220.30 million and the highest is $260.98 million. Ashford Hospitality Trust reported sales of $115.83 million during the same quarter last year, which would suggest a positive year over year growth rate of 107.8%. The business is expected to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Ashford Hospitality Trust will report full year sales of $1.17 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.24 billion. For the next year, analysts forecast that the firm will post sales of $1.31 billion, with estimates ranging from $1.23 billion to $1.39 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Ashford Hospitality Trust.

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

A number of analysts have recently weighed in on the company. Oppenheimer assumed coverage on Ashford Hospitality Trust in a research report on Thursday, April 21st. They set a “market perform” rating and a $10.00 target price for the company. StockNews.com assumed 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. Finally, B. Riley lowered their price target 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. Two equities research 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.com, the company currently has an average rating of “Hold” and an average target price of $23.50.

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in Ashford Hospitality Trust by 527.8% in the 2nd quarter. Bank of America Corp DE now owns 41,094 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 34,548 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Ashford Hospitality Trust by 50.9% in the 2nd quarter. Wells Fargo & Company MN now owns 38,337 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 12,939 shares in the last quarter. Morgan Stanley increased its holdings in Ashford Hospitality Trust by 23.1% in the 2nd quarter. Morgan Stanley now owns 932,590 shares of the real estate investment trust’s stock worth $4,253,000 after purchasing an additional 174,930 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Ashford Hospitality Trust in the 3rd quarter worth about $166,000. Finally, Daiwa Securities Group Inc. acquired a new position in Ashford Hospitality Trust in the 3rd quarter worth about $104,000. 47.55% of the stock is owned by institutional investors.

NYSE:AHT opened at $6.87 on Tuesday. The firm’s fifty day moving average is $8.49. The company has a market cap of $236.87 million, a P/E ratio of -0.37 and a beta of 2.07. The company has a current ratio of 5.72, a quick ratio of 5.72 and a debt-to-equity ratio of 67.56. Ashford Hospitality Trust has a fifty-two week low of $6.56 and a fifty-two week high of $77.90.

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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