Ashford Hospitality Trust, Inc. (NYSE:AHT) – Equities research analysts at B. Riley reduced their Q1 2018 earnings per share (EPS) estimates for Ashford Hospitality Trust in a research note issued to investors on Monday, according to Zacks Investment Research. B. Riley analyst B. Maher now anticipates that the real estate investment trust will earn $0.28 per share for the quarter, down from their previous forecast of $0.31. B. Riley currently has a “Buy” rating and a $8.00 target price on the stock. B. Riley also issued estimates for Ashford Hospitality Trust’s Q2 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $1.30 EPS and FY2019 earnings at $1.39 EPS.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.71). Ashford Hospitality Trust had a negative return on equity of 8.70% and a negative net margin of 4.44%. The firm had revenue of $341.57 million during the quarter, compared to analysts’ expectations of $334.44 million.
AHT has been the topic of several other reports. Deutsche Bank dropped their target price on Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 9th. ValuEngine downgraded Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Cantor Fitzgerald set a $8.00 target price on Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Monday, March 5th. Finally, Zacks Investment Research downgraded Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $7.63.
Ashford Hospitality Trust (AHT) traded up $0.10 during trading on Wednesday, reaching $6.64. The company’s stock had a trading volume of 439,917 shares, compared to its average volume of 493,228. 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 twelve month low of $5.42 and a twelve month high of $7.20. The company has a market capitalization of $639.00, a P/E ratio of -5.27, a price-to-earnings-growth ratio of 0.96 and a beta of 1.56.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Ashford Hospitality Trust by 1.6% in the fourth quarter. BlackRock Inc. now owns 7,911,925 shares of the real estate investment trust’s stock valued at $53,247,000 after acquiring an additional 123,176 shares during the period. Renaissance Technologies LLC lifted its holdings in Ashford Hospitality Trust by 29.4% in the fourth quarter. Renaissance Technologies LLC now owns 3,575,500 shares of the real estate investment trust’s stock valued at $24,063,000 after acquiring an additional 811,400 shares during the period. State Street Corp lifted its holdings in Ashford Hospitality Trust by 1.9% in 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 acquiring an additional 53,797 shares during the period. LSV Asset Management lifted its holdings in Ashford Hospitality Trust by 15.6% in the fourth quarter. LSV Asset Management now owns 2,435,832 shares of the real estate investment trust’s stock valued at $16,393,000 after acquiring an additional 328,646 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Ashford Hospitality Trust by 12.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,639,999 shares of the real estate investment trust’s stock valued at $11,038,000 after acquiring an additional 176,995 shares during the period. 74.63% of the stock is currently owned by hedge funds and other institutional investors.
Ashford Hospitality Trust declared that its board has authorized a share repurchase plan on Monday, December 11th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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Ashford Hospitality Trust Company Profile
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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