Ashford Hospitality Trust, Inc. (NYSE:AHT) – Investment analysts at DA Davidson issued their Q1 2017 earnings per share estimates for Ashford Hospitality Trust in a note issued to investors on Tuesday, according to Zacks Investment Research. DA Davidson analyst J. Lykins anticipates that the real estate investment trust will post earnings per share of $0.36 for the quarter. DA Davidson currently has a “Buy” rating and a $8.00 target price on the stock. DA Davidson also issued estimates for Ashford Hospitality Trust’s Q2 2017 earnings at $0.63 EPS, Q3 2017 earnings at $0.35 EPS, Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $1.51 EPS and FY2018 earnings at $1.58 EPS.
Several other equities analysts have also weighed in on AHT. Canaccord Genuity reiterated a “hold” rating and issued a $7.00 target price (up from $6.50) on shares of Ashford Hospitality Trust in a report on Friday, December 23rd. FBR & Co lowered shares of Ashford Hospitality Trust from an “outperform” rating to a “market perform” rating and set a $8.00 target price on the stock. in a report on Wednesday, January 4th. Zacks Investment Research lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Monday, January 9th. Robert W. Baird lowered shares of Ashford Hospitality Trust from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $7.00 to $8.00 in a report on Wednesday, January 11th. Finally, Cantor Fitzgerald restated an “outperform” rating and issued a $8.00 price objective on shares of Ashford Hospitality Trust in a report on Tuesday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Ashford Hospitality Trust currently has an average rating of “Hold” and a consensus target price of $7.25.
Shares of Ashford Hospitality Trust (NYSE:AHT) traded down 1.618% on Friday, reaching $6.385. 380,635 shares of the company traded hands. The company has a 50-day moving average of $6.23 and a 200-day moving average of $6.81. Ashford Hospitality Trust has a 1-year low of $4.79 and a 1-year high of $8.23. The stock’s market capitalization is $617.60 million.
Ashford Hospitality Trust (NYSE:AHT) last issued its earnings results on Thursday, February 23rd. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.32) by $0.29. The firm earned $300 million during the quarter, compared to the consensus estimate of $345 million. Ashford Hospitality Trust had a negative return on equity of 2.73% and a negative net margin of 1.42%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS.
A number of large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Ashford Hospitality Trust during the fourth quarter valued at $1,436,000. Renaissance Technologies LLC increased its stake in shares of Ashford Hospitality Trust by 26.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,853,300 shares of the real estate investment trust’s stock valued at $14,382,000 after buying an additional 385,300 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Ashford Hospitality Trust by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 1,082,158 shares of the real estate investment trust’s stock valued at $6,374,000 after buying an additional 2,826 shares during the last quarter. State Street Corp increased its stake in shares of Ashford Hospitality Trust by 3.1% in the fourth quarter. State Street Corp now owns 2,936,916 shares of the real estate investment trust’s stock valued at $22,789,000 after buying an additional 87,169 shares during the last quarter. Finally, Global X Management Co. LLC purchased a new stake in shares of Ashford Hospitality Trust during the third quarter worth approximately $7,530,000. 71.57% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.40%. The ex-dividend date was Wednesday, March 29th. Ashford Hospitality Trust’s payout ratio is currently -71.64%.
About Ashford Hospitality Trust
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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