Ashford Hospitality Trust (NYSE:AHT) issued its earnings results on Wednesday. The real estate investment trust reported ($20.85) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($4.78) by ($16.07), MarketWatch Earnings reports. Ashford Hospitality Trust had a negative return on equity of 127.19% and a negative net margin of 33.04%. The business had revenue of $43.07 million during the quarter, compared to the consensus estimate of $68.04 million.
NYSE AHT opened at $3.92 on Friday. Ashford Hospitality Trust has a 12 month low of $3.80 and a 12 month high of $34.80. The company has a debt-to-equity ratio of 21.02, a current ratio of 3.11 and a quick ratio of 3.11. The firm has a market capitalization of $41.08 million, a PE ratio of -0.10 and a beta of 1.87. The company’s 50 day simple moving average is $1.94 and its 200 day simple moving average is $1.57.
Several equities research analysts have commented on the stock. ValuEngine upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Thursday. Deutsche Bank raised their price target on shares of Ashford Hospitality Trust from $2.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Thursday. B. Riley lowered shares of Ashford Hospitality Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $2.00 to $1.50 in a research note on Monday, April 6th. Finally, DA Davidson upgraded shares of Ashford Hospitality Trust from an “underperform” rating to a “neutral” rating and set a $1.10 price target on the stock in a research note on Wednesday, June 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.59.
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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