Ashford Hospitality Trust (NYSE:AHT) Posts Earnings Results, Misses Estimates By $12.99 EPS

Ashford Hospitality Trust (NYSE:AHT) posted its quarterly earnings data on Tuesday. The real estate investment trust reported ($12.39) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($12.99), Zacks reports. The company had revenue of $276.60 million during the quarter, compared to analyst estimates of $273.50 million. Ashford Hospitality Trust had a negative return on equity of 10.52% and a net margin of 2.25%. During the same period in the prior year, the firm earned $0.08 earnings per share.

Ashford Hospitality Trust Stock Performance

Shares of AHT stock traded up $1.49 during trading hours on Thursday, hitting $7.41. 69,812 shares of the company were exchanged, compared to its average volume of 46,317. The company has a 50 day simple moving average of $12.01 and a two-hundred day simple moving average of $11.15. The firm has a market cap of $37.20 million, a P/E ratio of -0.36 and a beta of 2.33. Ashford Hospitality Trust has a fifty-two week low of $5.20 and a fifty-two week high of $25.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc, together with its subsidiaries (Ashford Trust), is a real estate investment trust (REIT). While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room (RevPAR) generally less than twice the U.S.