Ashford Hospitality Trust (NYSE:AHT) is set to release its earnings data after the market closes on Wednesday, February 21st. Analysts expect Ashford Hospitality Trust to post earnings of ($0.38) per share for the quarter.
Ashford Hospitality Trust (NYSE AHT) opened at $5.96 on Monday. The company has a market capitalization of $580.60, a PE ratio of -4.35, a price-to-earnings-growth ratio of 0.85 and a beta of 1.48. Ashford Hospitality Trust has a twelve month low of $5.42 and a twelve month high of $7.75. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 5.29.
Ashford Hospitality Trust declared that its Board of Directors has approved a stock buyback program on Monday, December 11th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Several brokerages have commented on AHT. B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a report on Wednesday, November 1st. ValuEngine downgraded Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Deutsche Bank cut their target price on Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Zacks Investment Research downgraded Ashford Hospitality Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $7.00 target price on shares of Ashford Hospitality Trust in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Ashford Hospitality Trust presently has an average rating of “Hold” and an average price target of $7.50.
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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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