Ashford Hospitality Trust Inc (NYSE:AHT) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Ashford Hospitality Trust to post earnings of ($0.30) per share for the quarter.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The business had revenue of $390.70 million during the quarter, compared to the consensus estimate of $399.01 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts expect Ashford Hospitality Trust to post $-1.10 EPS for the current fiscal year and $-0.99 EPS for the next fiscal year.
Ashford Hospitality Trust Inc (NYSE:AHT) opened at 7.03 on Wednesday. The firm has a 50-day moving average price of $6.76 and a 200 day moving average price of $6.38. Ashford Hospitality Trust Inc has a 12 month low of $5.35 and a 12 month high of $8.23. The company’s market cap is $684.93 million.
AHT has been the subject of a number of research reports. Zacks Investment Research cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Cantor Fitzgerald reiterated a “buy” rating and issued a $7.50 price target on shares of Ashford Hospitality Trust in a research note on Thursday, September 14th. ValuEngine upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. Finally, BidaskClub cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.50.
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About Ashford Hospitality Trust
Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.
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