Analysts expect Ashford Hospitality Trust, Inc. (NYSE:AHT) to post earnings of $0.21 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Ashford Hospitality Trust’s earnings, with estimates ranging from $0.20 to $0.23. Ashford Hospitality Trust posted earnings of ($0.61) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 134.4%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.49. For the next financial year, analysts anticipate that the company will post earnings of $1.45 per share, with EPS estimates ranging from $1.38 to $1.52. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). The firm had revenue of $353.33 million during the quarter, compared to analyst estimates of $360.10 million. Ashford Hospitality Trust had a negative net margin of 8.13% and a negative return on equity of 21.14%. Ashford Hospitality Trust’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share.
Several institutional investors and hedge funds have recently bought and sold shares of AHT. SG Americas Securities LLC increased its stake in Ashford Hospitality Trust by 80.5% in the third quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 9,060 shares in the last quarter. Verition Fund Management LLC bought a new stake in Ashford Hospitality Trust in the second quarter valued at approximately $148,000. Schroder Investment Management Group bought a new stake in Ashford Hospitality Trust in the third quarter valued at approximately $156,000. WFG Advisors LP increased its stake in Ashford Hospitality Trust by 20.1% in the second quarter. WFG Advisors LP now owns 31,230 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 5,230 shares in the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in Ashford Hospitality Trust in the second quarter valued at approximately $194,000. 71.01% of the stock is owned by institutional investors and hedge funds.
Shares of Ashford Hospitality Trust (NYSE:AHT) traded down $0.03 during mid-day trading on Thursday, hitting $6.80. 222,300 shares of the stock were exchanged, compared to its average volume of 628,437. Ashford Hospitality Trust has a 12 month low of $5.68 and a 12 month high of $8.23. The firm has a market capitalization of $671.20, a price-to-earnings ratio of -4.82, a price-to-earnings-growth ratio of 0.98 and a beta of 1.46. The company has a debt-to-equity ratio of 5.29, a current ratio of 3.94 and a quick ratio of 3.94.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend is Thursday, December 28th. Ashford Hospitality Trust’s dividend payout ratio (DPR) is -34.04%.
Ashford Hospitality Trust announced that its board has authorized a share buyback program on Monday, December 11th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
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Ashford Hospitality Trust Company Profile
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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