Wall Street analysts predict that Ashford Hospitality Trust, Inc. (NYSE:AHT – Get Rating) will post $330.44 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ashford Hospitality Trust’s earnings. The lowest sales estimate is $317.11 million and the highest is $345.12 million. Ashford Hospitality Trust posted sales of $193.41 million during the same quarter last year, which suggests a positive year over year growth rate of 70.8%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year sales of $1.21 billion for the current financial year, with estimates ranging from $1.15 billion to $1.27 billion. For the next financial year, analysts forecast that the business will report sales of $1.32 billion, with estimates ranging from $1.26 billion to $1.40 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 – Get Rating) last released its earnings results on Tuesday, May 3rd. The real estate investment trust reported ($1.71) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($1.90). During the same period in the previous year, the firm posted ($3.00) EPS.
Shares of AHT opened at $5.05 on Monday. The stock has a 50 day moving average price of $7.87 and a 200 day moving average price of $9.28. The company has a quick ratio of 5.41, a current ratio of 5.41 and a debt-to-equity ratio of 67.56. The company has a market capitalization of $174.12 million, a price-to-earnings ratio of -0.53 and a beta of 2.12. Ashford Hospitality Trust has a 52-week low of $4.72 and a 52-week high of $77.90.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of Ashford Hospitality Trust in the 4th quarter valued at about $30,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Ashford Hospitality Trust in the 4th quarter valued at about $70,000. State of Alaska Department of Revenue acquired a new position in shares of Ashford Hospitality Trust in the 4th quarter valued at about $82,000. Bayesian Capital Management LP acquired a new position in shares of Ashford Hospitality Trust in the 4th quarter valued at about $100,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Ashford Hospitality Trust by 25.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 10,044 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 2,058 shares in the last quarter. 47.55% 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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