Equities analysts forecast that Ashford Hospitality Trust, Inc. (NYSE:AHT) will report $86.53 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ashford Hospitality Trust’s earnings, with the highest sales estimate coming in at $125.40 million and the lowest estimate coming in at $40.40 million. Ashford Hospitality Trust posted sales of $415.15 million during the same quarter last year, which suggests a negative year-over-year growth rate of 79.2%. The company is scheduled to issue its next earnings results on Thursday, August 6th.
According to Zacks, analysts expect that Ashford Hospitality Trust will report full-year sales of $748.18 million for the current year, with estimates ranging from $564.10 million to $902.43 million. For the next fiscal year, analysts anticipate that the company will report sales of $1.12 billion, with estimates ranging from $983.40 million to $1.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Ashford Hospitality Trust.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Wednesday, May 20th. The real estate investment trust reported ($0.94) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.80) by ($0.14). Ashford Hospitality Trust had a negative net margin of 11.21% and a negative return on equity of 49.24%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its position in Ashford Hospitality Trust by 3.1% in the 4th quarter. Rhumbline Advisers now owns 163,737 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 4,927 shares during the last quarter. Swiss National Bank raised its position in Ashford Hospitality Trust by 4.0% in the 4th quarter. Swiss National Bank now owns 185,800 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 7,200 shares during the last quarter. Schroder Investment Management Group raised its position in Ashford Hospitality Trust by 30.8% in the 4th quarter. Schroder Investment Management Group now owns 32,409 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 7,626 shares during the last quarter. B. Riley Wealth Management Inc. raised its position in Ashford Hospitality Trust by 22.3% in the 4th quarter. B. Riley Wealth Management Inc. now owns 58,085 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 10,585 shares during the last quarter. Finally, Citigroup Inc. raised its position in Ashford Hospitality Trust by 166.5% in the 4th quarter. Citigroup Inc. now owns 19,012 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 11,877 shares during the last quarter. 52.43% of the stock is owned by hedge funds and other institutional investors.
Shares of AHT stock traded down $0.06 during mid-day trading on Friday, reaching $0.70. 2,783,315 shares of the company’s stock traded hands, compared to its average volume of 3,806,659. Ashford Hospitality Trust has a 12 month low of $0.47 and a 12 month high of $3.48. The company has a market cap of $73.16 million, a P/E ratio of -0.34 and a beta of 1.87. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 21.02. The company’s 50-day moving average price is $0.80 and its 200-day moving average price is $1.56.
Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
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