Equities analysts expect Ashford Hospitality Trust, Inc. (NYSE:AHT) to report sales of $349.42 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Ashford Hospitality Trust’s earnings, with the highest sales estimate coming in at $359.32 million and the lowest estimate coming in at $345.00 million. Ashford Hospitality Trust reported sales of $353.71 million in the same quarter last year, which would suggest a negative year over year growth rate of 1.2%. The company is expected to report its next earnings report on Thursday, May 3rd.
On average, analysts expect that Ashford Hospitality Trust will report full-year sales of $349.42 million for the current year, with estimates ranging from $1.44 billion to $1.47 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.48 billion per share, with estimates ranging from $1.46 billion to $1.49 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Ashford Hospitality Trust.
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 consensus estimate of $0.21 by ($0.71). Ashford Hospitality Trust had a negative net margin of 4.44% and a negative return on equity of 9.01%. The company had revenue of $341.57 million for the quarter, compared to the consensus estimate of $334.44 million.
Ashford Hospitality Trust stock opened at $6.27 on Friday. Ashford Hospitality Trust has a twelve month low of $5.42 and a twelve month high of $7.20. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 5.84. The firm has a market capitalization of $610.75, a price-to-earnings ratio of 4.54, a PEG ratio of 0.91 and a beta of 1.56.
Ashford Hospitality Trust announced that its board has approved a stock repurchase program on Monday, December 11th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.48 annualized dividend and a yield of 7.66%. Ashford Hospitality Trust’s payout ratio is -38.10%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in Ashford Hospitality Trust by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 66,243 shares of the real estate investment trust’s stock worth $403,000 after buying an additional 4,434 shares in the last quarter. California Public Employees Retirement System boosted its position in Ashford Hospitality Trust by 1.7% in the third quarter. California Public Employees Retirement System now owns 541,395 shares of the real estate investment trust’s stock worth $3,611,000 after purchasing an additional 8,951 shares during the last quarter. SG Americas Securities LLC boosted its position in Ashford Hospitality Trust by 80.5% in the third quarter. SG Americas Securities LLC now owns 20,316 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 9,060 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Ashford Hospitality Trust by 6.1% in the third quarter. Public Employees Retirement System of Ohio now owns 180,800 shares of the real estate investment trust’s stock worth $1,206,000 after purchasing an additional 10,471 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its position in Ashford Hospitality Trust by 80.2% in the fourth quarter. AMP Capital Investors Ltd now owns 24,247 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 10,788 shares during the last quarter. Institutional investors own 74.63% of the company’s stock.
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.
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.