Ashford Hospitality Trust (AHT) to Release Quarterly Earnings on Tuesday

Ashford Hospitality Trust (NYSE:AHT – Get Rating) will announce its earnings results after the market closes on Tuesday, August 2nd. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Ashford Hospitality Trust (NYSE:AHT – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported ($1.71) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($1.90). During the same period last year, the company earned ($3.00) EPS. On average, analysts expect Ashford Hospitality Trust to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ashford Hospitality Trust Stock Up 3.4 %

AHT opened at $8.02 on Tuesday. Ashford Hospitality Trust has a twelve month low of $4.61 and a twelve month high of $18.69. The company has a 50-day simple moving average of $6.45 and a 200 day simple moving average of $7.72. The stock has a market capitalization of $276.52 million, a price-to-earnings ratio of -0.84 and a beta of 1.93.

Wall Street Analyst Weigh In

AHT has been the subject of several recent analyst reports. B. Riley cut their price objective on shares of Ashford Hospitality Trust from $11.00 to $9.00 in a research report on Monday, May 16th. StockNews.com assumed coverage on shares of Ashford Hospitality Trust in a report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Oppenheimer assumed coverage on shares of Ashford Hospitality Trust in a report on Thursday, April 21st. They issued a “market perform” rating and a $10.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in Ashford Hospitality Trust during the 1st quarter valued at approximately $230,000. Cambridge Investment Research Advisors Inc. increased its position in Ashford Hospitality Trust by 22.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,230 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 4,827 shares during the period. Rhumbline Advisers increased its position in Ashford Hospitality Trust by 12.6% during the 1st quarter. Rhumbline Advisers now owns 38,017 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 4,251 shares during the period. Bank of America Corp DE increased its position in Ashford Hospitality Trust by 19.5% during the 1st quarter. Bank of America Corp DE now owns 38,319 shares of the real estate investment trust’s stock valued at $390,000 after purchasing an additional 6,246 shares during the period. Finally, Invesco Ltd. increased its position in Ashford Hospitality Trust by 414.3% during the 1st quarter. Invesco Ltd. now owns 116,990 shares of the real estate investment trust’s stock valued at $1,194,000 after purchasing an additional 94,243 shares during the period. Institutional investors and hedge funds own 47.55% of the company’s stock.

Ashford Hospitality Trust Company Profile

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