Ashford Hospitality Trust (NYSE:AHT) Announces Earnings Results

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

Ashford Hospitality Trust Price Performance

Shares of NYSE AHT traded down $0.29 during mid-day trading on Tuesday, hitting $4.38. 39,695 shares of the company’s stock traded hands, compared to its average volume of 33,156. The company’s 50-day moving average is $5.65 and its two-hundred day moving average is $6.02. The company has a market capitalization of $26.86 million, a P/E ratio of -0.09 and a beta of 2.43. Ashford Hospitality Trust has a 1 year low of $4.36 and a 1 year high of $11.99.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Ashford Hospitality Trust to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings restated 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 currently has an average rating of “Sell”.

Ashford Hospitality Trust Company Profile

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.