Equities analysts forecast that Ashford Hospitality Trust, Inc. (NYSE:AHT) will announce $374.46 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Ashford Hospitality Trust’s earnings, with the lowest sales estimate coming in at $366.31 million and the highest estimate coming in at $382.12 million. Ashford Hospitality Trust posted sales of $355.93 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The company is scheduled to report its next quarterly earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year sales of $1.50 billion for the current financial year, with estimates ranging from $1.49 billion to $1.52 billion. For the next fiscal year, analysts expect that the company will report sales of $1.53 billion, with estimates ranging from $1.50 billion to $1.56 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.71). Ashford Hospitality Trust had a negative net margin of 9.28% and a negative return on equity of 32.31%. The company had revenue of $415.15 million for the quarter, compared to the consensus estimate of $409.14 million.
In other news, Director Benjamin J. Md Ansell purchased 20,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was acquired at an average cost of $3.36 per share, for a total transaction of $67,200.00. Following the purchase, the director now directly owns 104,405 shares in the company, valued at approximately $350,800.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Benjamin J. Md Ansell purchased 25,000 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were purchased at an average price of $2.90 per share, with a total value of $72,500.00. Following the completion of the purchase, the director now owns 104,405 shares in the company, valued at $302,774.50. The disclosure for this purchase can be found here. 11.60% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in AHT. Norges Bank bought a new stake in shares of Ashford Hospitality Trust during the 4th quarter valued at about $5,869,000. Nuveen Asset Management LLC purchased a new position in shares of Ashford Hospitality Trust during the 2nd quarter valued at about $2,865,000. JPMorgan Chase & Co. lifted its position in shares of Ashford Hospitality Trust by 16.3% during the 1st quarter. JPMorgan Chase & Co. now owns 2,793,439 shares of the real estate investment trust’s stock valued at $13,269,000 after buying an additional 391,339 shares in the last quarter. Millennium Management LLC lifted its position in shares of Ashford Hospitality Trust by 72.4% during the 4th quarter. Millennium Management LLC now owns 890,242 shares of the real estate investment trust’s stock valued at $3,561,000 after buying an additional 373,716 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Ashford Hospitality Trust by 20.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,086,957 shares of the real estate investment trust’s stock valued at $4,348,000 after buying an additional 181,661 shares in the last quarter. Institutional investors and hedge funds own 69.97% of the company’s stock.
Shares of NYSE:AHT traded up $0.05 on Tuesday, hitting $2.89. 10,988 shares of the company traded hands, compared to its average volume of 1,239,321. Ashford Hospitality Trust has a 52 week low of $2.39 and a 52 week high of $6.63. The stock has a 50 day simple moving average of $2.70 and a 200-day simple moving average of $4.33. The company has a market cap of $293.62 million, a PE ratio of 2.30 and a beta of 1.40. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 11.41.
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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