Equities analysts forecast that Ashford Hospitality Trust, Inc. (NYSE:AHT) will post $334.44 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Ashford Hospitality Trust’s earnings, with the highest sales estimate coming in at $342.03 million and the lowest estimate coming in at $329.10 million. Ashford Hospitality Trust posted sales of $341.67 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.1%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, March 1st.

According to Zacks, analysts expect that Ashford Hospitality Trust will report full year sales of $334.44 million for the current fiscal year, with estimates ranging from $1.43 billion to $1.44 billion. For the next year, analysts expect that the company will report sales of $1.45 billion per share, with estimates ranging from $1.43 billion to $1.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Ashford Hospitality Trust.

Ashford Hospitality Trust (NYSE:AHT) last announced its quarterly earnings data 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 5.61% and a negative return on equity of 10.79%. The firm had revenue of $353.33 million for the quarter, compared to analyst estimates of $360.10 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis.

A number of research firms have weighed in on AHT. Zacks Investment Research cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. ValuEngine raised shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Robert W. Baird reaffirmed a “hold” rating and set a $7.00 target price on shares of Ashford Hospitality Trust in a research note on Friday, November 10th. B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, November 1st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $7.50 target price on shares of Ashford Hospitality Trust in a research note on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.42.

Shares of Ashford Hospitality Trust (AHT) traded down $0.07 on Tuesday, reaching $6.69. 405,500 shares of the company’s stock traded hands, compared to its average volume of 460,244. Ashford Hospitality Trust has a 1-year low of $5.68 and a 1-year high of $8.23. The firm has a market capitalization of $660.48, a P/E ratio of -4.74, a P/E/G ratio of 0.92 and a beta of 1.47. 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 announced that its Board of Directors has authorized a stock repurchase program on Monday, December 11th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.12 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.48 annualized dividend and a dividend yield of 7.17%. Ashford Hospitality Trust’s dividend payout ratio is -34.04%.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Ashford Hospitality Trust by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 17,010,778 shares of the real estate investment trust’s stock worth $103,426,000 after purchasing an additional 541,526 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Ashford Hospitality Trust by 2.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,094,041 shares of the real estate investment trust’s stock valued at $30,972,000 after buying an additional 99,643 shares during the period. State Street Corp raised its holdings in shares of Ashford Hospitality Trust by 1.9% during the 2nd quarter. State Street Corp now owns 2,821,019 shares of the real estate investment trust’s stock valued at $17,152,000 after buying an additional 53,797 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Ashford Hospitality Trust by 5.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,262,000 shares of the real estate investment trust’s stock valued at $13,753,000 after buying an additional 126,100 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ashford Hospitality Trust by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,552,321 shares of the real estate investment trust’s stock valued at $10,354,000 after buying an additional 25,573 shares during the period. 71.01% of the stock is currently owned by institutional investors.

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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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