Brokerages expect Ashford Hospitality Trust, Inc. (NYSE:AHT) to report $343.55 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Ashford Hospitality Trust’s earnings. The highest sales estimate is $345.00 million and the lowest is $341.86 million. Ashford Hospitality Trust reported sales of $341.57 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The company is expected to issue its next earnings results after the market closes on Thursday, February 28th.
On average, analysts expect that Ashford Hospitality Trust will report full year sales of $1.43 billion for the current year. For the next fiscal year, analysts expect that the firm will post sales of $1.47 billion, with estimates ranging from $1.45 billion to $1.48 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Ashford Hospitality Trust.
Get Ashford Hospitality Trust alerts:A number of analysts have weighed in on the stock. Robert W. Baird cut their price objective on shares of Ashford Hospitality Trust from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, December 12th. B. Riley reissued a “buy” rating and set a $8.00 price objective on shares of Ashford Hospitality Trust in a report on Monday, November 5th. Zacks Investment Research cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. Deutsche Bank set a $8.00 price objective on shares of Ashford Hospitality Trust and gave the stock a “buy” rating in a report on Friday, December 7th. Finally, ValuEngine raised shares of Ashford Hospitality Trust from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.75.
Ashford Hospitality Trust stock traded up $0.14 during trading on Monday, reaching $5.39. The stock had a trading volume of 313,944 shares, compared to its average volume of 478,320. Ashford Hospitality Trust has a 52-week low of $3.85 and a 52-week high of $8.66. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 7.79. The company has a market capitalization of $544.60 million, a P/E ratio of 3.93, a P/E/G ratio of 1.05 and a beta of 1.73.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Ashford Hospitality Trust by 6.4% during the fourth quarter. BlackRock Inc. now owns 9,006,331 shares of the real estate investment trust’s stock worth $36,026,000 after purchasing an additional 544,053 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Ashford Hospitality Trust by 13.7% in the 3rd quarter. Renaissance Technologies LLC now owns 6,476,275 shares of the real estate investment trust’s stock valued at $41,383,000 after acquiring an additional 780,347 shares during the period. LSV Asset Management increased its holdings in shares of Ashford Hospitality Trust by 25.1% in the 3rd quarter. LSV Asset Management now owns 3,330,913 shares of the real estate investment trust’s stock valued at $21,284,000 after acquiring an additional 667,800 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ashford Hospitality Trust in the 3rd quarter valued at $10,955,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ashford Hospitality Trust by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,661,098 shares of the real estate investment trust’s stock valued at $10,614,000 after acquiring an additional 11,008 shares during the period. 73.98% of the stock is currently owned by institutional investors.
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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