Brokerages expect Ashford Hospitality Trust, Inc. (NYSE:AHT) to post earnings per share of $0.18 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Ashford Hospitality Trust’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.15. Ashford Hospitality Trust also posted earnings per share of $0.18 during the same quarter last year. The company is expected to announce its next earnings results on Thursday, February 27th.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.27. For the next year, analysts anticipate that the firm will post earnings of $1.20 per share, with EPS estimates ranging from $1.01 to $1.34. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Ashford Hospitality Trust.
AHT has been the subject of several recent research reports. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Deutsche Bank set a $5.00 price target on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, ValuEngine lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.38.
Several hedge funds have recently added to or reduced their stakes in AHT. SRS Capital Advisors Inc. acquired a new stake in Ashford Hospitality Trust in the second quarter valued at $31,000. Point72 Hong Kong Ltd grew its position in Ashford Hospitality Trust by 1,035.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 11,028 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 10,057 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Ashford Hospitality Trust in the second quarter valued at about $37,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Ashford Hospitality Trust in the second quarter valued at about $45,000. Finally, Zacks Investment Management purchased a new stake in shares of Ashford Hospitality Trust in the second quarter valued at about $50,000. Hedge funds and other institutional investors own 59.82% of the company’s stock.
NYSE:AHT traded up $0.02 on Tuesday, reaching $2.71. 408,781 shares of the company’s stock were exchanged, compared to its average volume of 527,831. The firm has a market capitalization of $271.61 million, a price-to-earnings ratio of 2.15 and a beta of 1.34. Ashford Hospitality Trust has a 52-week low of $2.33 and a 52-week high of $5.89. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 13.41. The business has a fifty day moving average of $2.79 and a 200-day moving average of $3.14.
Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
Further Reading: How Do You Make Money With Penny Stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ashford Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.