Zacks: Analysts Anticipate Ashford Hospitality Trust, Inc. (NYSE:AHT) to Post $0.92 Earnings Per Share

Analysts forecast that Ashford Hospitality Trust, Inc. (NYSE:AHT – Get Rating) will report $0.92 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Ashford Hospitality Trust’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $1.06. Ashford Hospitality Trust posted earnings of $0.04 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 2,200%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Ashford Hospitality Trust will report full year earnings of $2.06 per share for the current year, with EPS estimates ranging from $0.85 to $2.85. For the next fiscal year, analysts forecast that the firm will post earnings of $2.71 per share, with EPS estimates ranging from $0.94 to $3.71. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT – Get Rating) last issued its earnings results on Tuesday, May 3rd. The real estate investment trust reported ($1.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($1.90). During the same quarter in the prior year, the firm earned ($3.00) EPS.

A number of equities analysts have weighed in on AHT shares. B. Riley cut their price target on shares of Ashford Hospitality Trust from $11.00 to $9.00 in a research note on Monday, May 16th. Oppenheimer started coverage on shares of Ashford Hospitality Trust in a research note on Thursday, April 21st. They set a “market perform” rating and a $10.00 price target on the stock. StockNews.com started coverage on shares of Ashford Hospitality Trust in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.00.

NYSE AHT traded down $0.39 during mid-day trading on Friday, reaching $5.05. 1,869,629 shares of the stock were exchanged, compared to its average volume of 1,239,107. Ashford Hospitality Trust has a 1-year low of $4.72 and a 1-year high of $77.90. The business’s fifty day simple moving average is $7.87 and its 200 day simple moving average is $9.35. The stock has a market capitalization of $174.12 million, a PE ratio of -0.53 and a beta of 2.12. The company has a debt-to-equity ratio of 67.56, a quick ratio of 5.41 and a current ratio of 5.41.

Institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new position in Ashford Hospitality Trust during the fourth quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC bought a new stake in Ashford Hospitality Trust in the fourth quarter worth approximately $70,000. State of Alaska Department of Revenue bought a new stake in Ashford Hospitality Trust in the fourth quarter worth approximately $82,000. Bayesian Capital Management LP bought a new stake in Ashford Hospitality Trust in the fourth quarter worth approximately $100,000. Finally, Daiwa Securities Group Inc. grew its position in Ashford Hospitality Trust by 25.8% in the first quarter. Daiwa Securities Group Inc. now owns 10,044 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 2,058 shares in the last quarter. 47.55% of the stock is currently owned by institutional investors and hedge funds.

About Ashford Hospitality Trust (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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