Wall Street analysts expect that Ashford Hospitality Trust, Inc. (NYSE:AHT) will report earnings per share of $0.51 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Ashford Hospitality Trust’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.45. Ashford Hospitality Trust posted earnings of $0.42 per share in the same quarter last year, which suggests a positive year over year growth rate of 21.4%. The business is expected to issue its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.17 to $1.40. For the next financial year, analysts forecast that the business will post earnings of $1.29 per share, with EPS estimates ranging from $1.26 to $1.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.74). The company had revenue of $358.72 million for the quarter, compared to analyst estimates of $353.87 million. Ashford Hospitality Trust had a negative net margin of 9.58% and a negative return on equity of 30.20%.
Institutional investors have recently modified their holdings of the business. Cutler Group LP lifted its stake in shares of Ashford Hospitality Trust by 64.7% during the 4th quarter. Cutler Group LP now owns 8,400 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 3,300 shares during the period. Hudson Valley Investment Advisors Inc. ADV purchased a new position in shares of Ashford Hospitality Trust during the 4th quarter worth $48,000. RB Capital Management LLC purchased a new position in shares of Ashford Hospitality Trust during the 1st quarter worth $63,000. Raymond James & Associates purchased a new position in shares of Ashford Hospitality Trust during the 4th quarter worth $54,000. Finally, Stevens Capital Management LP purchased a new position in shares of Ashford Hospitality Trust during the 4th quarter worth $56,000. 71.34% of the stock is currently owned by institutional investors.
NYSE:AHT traded down $0.14 during trading hours on Friday, reaching $5.28. 5,494 shares of the company traded hands, compared to its average volume of 478,761. The stock has a market cap of $541.35 million, a PE ratio of 4.17, a price-to-earnings-growth ratio of 0.95 and a beta of 1.70. The company has a debt-to-equity ratio of 11.28, a quick ratio of 3.07 and a current ratio of 3.07. Ashford Hospitality Trust has a 1-year low of $3.85 and a 1-year high of $8.66.
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.
Featured Story: What Are Cryptocurrencies?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ashford Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.