Ashford Hospitality Trust (AHT) to Release Quarterly Earnings on Wednesday

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.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/19/ashford-hospitality-trust-aht-to-release-quarterly-earnings-on-wednesday.html.

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.

Earnings History for Ashford Hospitality Trust (NYSE:AHT)

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.

Leave a Reply