Analysts forecast that Ashford Hospitality Trust, Inc. (NYSE:AHT) will announce earnings per share (EPS) of $0.17 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Ashford Hospitality Trust’s earnings, with estimates ranging from $0.15 to $0.22. Ashford Hospitality Trust posted earnings of $0.18 per share during the same quarter last year, which suggests a negative year over year growth rate of 5.6%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 25th.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.22. For the next financial year, analysts forecast that the firm will post earnings of $1.20 per share, with EPS estimates ranging from $1.03 to $1.30. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Ashford Hospitality Trust.
Several equities research analysts have weighed in on the company. Deutsche Bank set a $5.00 price objective on Ashford Hospitality Trust and gave the stock a “buy” rating in a research note on Friday, November 1st. ValuEngine raised Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Zacks Investment Research cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Ashford Hospitality Trust presently has a consensus rating of “Hold” and an average price target of $4.38.
Shares of NYSE AHT opened at $2.74 on Friday. The business’s 50 day moving average is $2.73 and its two-hundred day moving average is $2.81. The company has a debt-to-equity ratio of 13.41, a current ratio of 2.86 and a quick ratio of 2.86. Ashford Hospitality Trust has a 1-year low of $2.33 and a 1-year high of $5.89. The stock has a market capitalization of $282.85 million, a P/E ratio of 2.17 and a beta of 1.35.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.06 per share. This is a boost from Ashford Hospitality Trust’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.76%. Ashford Hospitality Trust’s dividend payout ratio is currently 19.05%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in shares of Ashford Hospitality Trust by 36.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 17,756 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 4,754 shares during the last quarter. Point72 Hong Kong Ltd boosted its holdings in shares of Ashford Hospitality Trust by 1,035.7% in the second quarter. Point72 Hong Kong Ltd now owns 11,028 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 10,057 shares during the period. Rhumbline Advisers boosted its holdings in shares of Ashford Hospitality Trust by 7.8% in the third quarter. Rhumbline Advisers now owns 158,810 shares of the real estate investment trust’s stock valued at $526,000 after purchasing an additional 11,518 shares during the period. Glassman Wealth Services boosted its holdings in shares of Ashford Hospitality Trust by 32.1% in the third quarter. Glassman Wealth Services now owns 49,390 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 12,000 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Ashford Hospitality Trust in the second quarter valued at approximately $37,000. 59.82% of the stock is currently owned by hedge funds and other institutional investors.
About Ashford Hospitality Trust
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
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