Ashford Hospitality Trust, Inc. (AHT) Expected to Announce Quarterly Sales of $334.30 Million

Equities analysts forecast that Ashford Hospitality Trust, Inc. (NYSE:AHT) will post $334.30 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ashford Hospitality Trust’s earnings, with estimates ranging from $329.10 million to $342.03 million. Ashford Hospitality Trust posted sales of $341.67 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The business is scheduled to issue its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year sales of $334.30 million for the current year, with estimates ranging from $1.43 billion to $1.44 billion. For the next year, analysts forecast that the company will report sales of $1.45 billion per share, with estimates ranging from $1.43 billion to $1.47 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Ashford Hospitality Trust had a negative net margin of 8.13% and a negative return on equity of 21.14%. The company had revenue of $353.33 million for the quarter, compared to analyst estimates of $360.10 million. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis.

Several research analysts recently commented on the company. ValuEngine cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Robert W. Baird reissued a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. Zacks Investment Research cut Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. B. Riley reissued a “buy” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.42.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AHT. Vanguard Group Inc. lifted its position in shares of Ashford Hospitality Trust by 7.3% in the first quarter. Vanguard Group Inc. now owns 16,469,252 shares of the real estate investment trust’s stock valued at $104,909,000 after buying an additional 1,121,239 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Ashford Hospitality Trust by 30.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,301,506 shares of the real estate investment trust’s stock valued at $7,914,000 after buying an additional 302,950 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Ashford Hospitality Trust by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 402,558 shares of the real estate investment trust’s stock valued at $2,565,000 after buying an additional 210,619 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in shares of Ashford Hospitality Trust by 60.2% in the second quarter. Kennedy Capital Management Inc. now owns 548,216 shares of the real estate investment trust’s stock valued at $3,333,000 after buying an additional 206,068 shares during the last quarter. Finally, Lido Advisors LLC acquired a new stake in shares of Ashford Hospitality Trust in the third quarter valued at approximately $1,124,000. 68.46% of the stock is owned by institutional investors.

Shares of Ashford Hospitality Trust (NYSE AHT) traded down $0.08 during midday trading on Friday, reaching $6.33. The company had a trading volume of 476,084 shares, compared to its average volume of 633,753. Ashford Hospitality Trust has a 1 year low of $5.68 and a 1 year high of $8.23. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 5.29. The firm has a market capitalization of $633.21, a PE ratio of 5.00, a PEG ratio of 0.94 and a beta of 1.53.

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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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Earnings History and Estimates for Ashford Hospitality Trust (NYSE:AHT)

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