Wall Street brokerages expect that Ashford Hospitality Trust, Inc. (NYSE:AHT) will report earnings per share (EPS) of $0.21 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Ashford Hospitality Trust’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.23. Ashford Hospitality Trust posted earnings per share of $0.16 during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.3%. The business is expected to announce its next earnings report after the market closes on Thursday, March 1st.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.45. For the next year, analysts forecast that the firm will report earnings of $1.45 per share, with EPS estimates ranging from $1.38 to $1.52. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). Ashford Hospitality Trust had a negative return on equity of 10.79% and a negative net margin of 5.61%. The firm had revenue of $353.33 million during the quarter, compared to the consensus estimate of $360.10 million. During the same period in the previous year, the firm earned $0.40 EPS. The business’s revenue was down 5.0% on a year-over-year basis.
Several brokerages recently commented on AHT. B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a report on Wednesday, November 1st. Zacks Investment Research lowered Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine lowered Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Ashford Hospitality Trust in a report on Tuesday, October 3rd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Ashford Hospitality Trust in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.42.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Ashford Hospitality Trust by 3.3% during the second quarter. Vanguard Group Inc. now owns 17,010,778 shares of the real estate investment trust’s stock valued at $103,426,000 after purchasing an additional 541,526 shares during the period. JPMorgan Chase & Co. grew its holdings in Ashford Hospitality Trust by 2.0% during the second quarter. JPMorgan Chase & Co. now owns 5,094,041 shares of the real estate investment trust’s stock valued at $30,972,000 after purchasing an additional 99,643 shares during the period. State Street Corp grew its holdings in Ashford Hospitality Trust by 1.9% during the second quarter. State Street Corp now owns 2,821,019 shares of the real estate investment trust’s stock valued at $17,152,000 after purchasing an additional 53,797 shares during the period. Renaissance Technologies LLC grew its holdings in Ashford Hospitality Trust by 5.9% during the second quarter. Renaissance Technologies LLC now owns 2,262,000 shares of the real estate investment trust’s stock valued at $13,753,000 after purchasing an additional 126,100 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Ashford Hospitality Trust by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,552,321 shares of the real estate investment trust’s stock valued at $10,354,000 after purchasing an additional 25,573 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.
Shares of Ashford Hospitality Trust (AHT) traded down $0.07 on Friday, hitting $6.69. The company had a trading volume of 405,503 shares, compared to its average volume of 506,520. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 5.29. Ashford Hospitality Trust has a one year low of $5.68 and a one year high of $8.23. The company has a market capitalization of $651.71, a price-to-earnings ratio of -4.88, a P/E/G ratio of 0.92 and a beta of 1.51.
Ashford Hospitality Trust announced that its board has initiated a stock buyback plan on Monday, December 11th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.17%. The ex-dividend date is Thursday, December 28th. Ashford Hospitality Trust’s dividend payout ratio is presently -35.04%.
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About Ashford Hospitality Trust
Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.
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