Press coverage about Ashford Hospitality Trust (NYSE:AHT) has trended positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ashford Hospitality Trust earned a daily sentiment score of 0.31 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.3654968209658 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Ashford Hospitality Trust (AHT) traded up 0.796% during midday trading on Friday, hitting $6.965. The stock had a trading volume of 152,235 shares. The firm has a 50 day moving average price of $6.69 and a 200 day moving average price of $6.37. The stock’s market cap is $678.60 million. Ashford Hospitality Trust has a one year low of $5.35 and a one year high of $8.23.
Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The firm had revenue of $390.70 million for the quarter, compared to the consensus estimate of $399.01 million. During the same period in the previous year, the business posted $0.60 earnings per share. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities analysts forecast that Ashford Hospitality Trust will post ($1.10) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.95%. Ashford Hospitality Trust’s dividend payout ratio (DPR) is presently -35.82%.
Several research firms recently weighed in on AHT. ValuEngine downgraded Ashford Hospitality Trust from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Cantor Fitzgerald reiterated a “buy” rating and issued a $7.50 target price on shares of Ashford Hospitality Trust in a research note on Thursday, September 14th. Zacks Investment Research upgraded Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Tuesday, October 10th. Finally, BidaskClub lowered Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Ashford Hospitality Trust currently has a consensus rating of “Hold” and a consensus price target of $7.50.
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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.
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