Ashford Hospitality Trust (NYSE:AHT) Posts Earnings Results, Misses Expectations By $12.99 EPS

by · The Markets Daily

Ashford Hospitality Trust (NYSE:AHT – Get Free Report) announced its quarterly earnings results on Tuesday. The real estate investment trust reported ($12.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($12.99), Zacks reports. The company had revenue of $276.60 million for the quarter, compared to the consensus estimate of $273.50 million. Ashford Hospitality Trust had a net margin of 2.25% and a negative return on equity of 10.52%. During the same period last year, the firm posted $0.08 earnings per share.

Ashford Hospitality Trust Stock Up 25.2 %

Shares of AHT stock traded up $1.49 during mid-day trading on Thursday, reaching $7.41. 69,812 shares of the stock traded hands, compared to its average volume of 46,317. The stock’s fifty day simple moving average is $12.01 and its two-hundred day simple moving average is $11.15. Ashford Hospitality Trust has a 1-year low of $5.20 and a 1-year high of $25.50. The company has a market cap of $37.20 million, a price-to-earnings ratio of -0.36 and a beta of 2.33.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday.

Check Out Our Latest Analysis on Ashford Hospitality Trust

About Ashford Hospitality Trust

(Get Free Report)

Ashford Hospitality Trust, Inc, together with its subsidiaries (Ashford Trust), is a real estate investment trust (REIT). While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room (RevPAR) generally less than twice the U.S.

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