Ashford Hospitality Trust (NYSE:AHT) Issues Quarterly Earnings Results, Beats Expectations By $8.26 EPS

Ashford Hospitality Trust (NYSE:AHT) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of ($6.64) by $8.26, FiscalAI reports. The business had revenue of $273.24 million for the quarter, compared to the consensus estimate of $293.00 million.

Ashford Hospitality Trust Trading Down 1.9%

Shares of NYSE:AHT traded down $0.06 during trading on Wednesday, reaching $3.07. The company had a trading volume of 21,530 shares, compared to its average volume of 37,451. The company has a fifty day moving average of $3.18 and a two-hundred day moving average of $3.14. The stock has a market capitalization of $19.89 million, a P/E ratio of -0.07 and a beta of 1.74. Ashford Hospitality Trust has a 12 month low of $2.50 and a 12 month high of $6.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ashford Hospitality Trust in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ashford Hospitality Trust presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP purchased a new stake in Ashford Hospitality Trust during the third quarter valued at about $103,000. Citadel Advisors LLC purchased a new position in shares of Ashford Hospitality Trust in the 3rd quarter worth about $157,000. Susquehanna International Group LLP increased its position in shares of Ashford Hospitality Trust by 49.2% during the 3rd quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 17,991 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Ashford Hospitality Trust by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 5,175 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Ashford Hospitality Trust by 41.8% during the 4th quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 6,300 shares in the last quarter. 41.04% of the stock is currently owned by hedge funds and other institutional investors.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc (NYSE: AHT) is a real estate investment trust that acquires, owns and operates upscale and upper-upscale full-service hotels in the United States. The company’s portfolio spans a variety of urban, resort and convention-oriented markets and includes both well-known national brands and independent properties. Ashford Hospitality Trust seeks to generate long-term value through active asset management, strategic acquisitions, dispositions and selective joint venture partnerships.

Founded in 2003 and headquartered in Dallas, Texas, Ashford Hospitality Trust invests in properties affiliated with leading hospitality brands, including Marriott, Hilton, Hyatt and Starwood.