Ashford Hospitality Trust Inc (AHT) Set to Announce Earnings on Thursday

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.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.83%. The ex-dividend date was Thursday, September 28th. Ashford Hospitality Trust’s payout ratio is presently -35.82%.

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.

Earnings History for Ashford Hospitality Trust (NYSE:AHT)

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