Ashford Hospitality Trust (NYSE:AHT) Issues Earnings Results, Misses Estimates By $1.71 EPS

Ashford Hospitality Trust (NYSE:AHT) released its quarterly earnings results on Tuesday. The real estate investment trust reported ($2.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.14) by ($1.71), Zacks reports.

Ashford Hospitality Trust Stock Performance

AHT stock traded down $0.29 during mid-day trading on Tuesday, hitting $4.38. The company had a trading volume of 39,695 shares, compared to its average volume of 33,156. The firm has a market cap of $26.86 million, a PE ratio of -0.09 and a beta of 2.43. Ashford Hospitality Trust has a 12 month low of $4.36 and a 12 month high of $11.99. The stock’s fifty day moving average price is $5.69 and its two-hundred day moving average price is $6.03.

Analysts Set New Price Targets

AHT has been the subject of several recent research reports. Wall Street Zen raised Ashford Hospitality Trust to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.