Ashford Hospitality Trust (NYSE:AHT) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, March 1st. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Shares of Ashford Hospitality Trust (NYSE:AHT) opened at $5.80 on Thursday. The stock has a market cap of $565.01, a P/E ratio of -4.11, a PEG ratio of 0.85 and a beta of 1.32. 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 has a 1 year low of $5.42 and a 1 year high of $7.74.
Ashford Hospitality Trust announced that its board has initiated a stock repurchase plan 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 buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
AHT has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating on shares of Ashford Hospitality Trust in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Robert W. Baird reiterated a “hold” rating and set a $7.00 price objective on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. Finally, Deutsche Bank reduced their price objective on shares of Ashford Hospitality Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Ashford Hospitality Trust presently has a consensus rating of “Hold” and a consensus target price 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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