Ashford Hospitality Trust Inc Expected To Post $0.33 EPS This Quarter

Ashford Hospitality Trust Inc

According to Zacks Investment Research, brokerages predict that we can expect a $0.33 earnings per share from Ashford Hospitality Trust Inc. (NYSE:$AHT) for the current fiscal quarter. The number is based on four analyst estimates ranging from $0.36 to $0.29. In the same quarter last year, Ashford posted -$0.37 EPS. This would indicate a potential growth of 189.2%. We can expect an official report on Thursday, November 2nd, after the close.

Ashford is an externally advised REIT that focuses on upper-upscale hotels in the US.

Analysts predict Ashford will post full-year earnings of $1.38 per share this year, based on estimates ranging from $1.30 to $1.49. Estimates of $1.40 per share are expected for the next year, with forecasts ranging from $1.33 to $1.53.

During trading on Friday, Ashford traded down 0.14%, reaching $7.09 on a volume of 376,164 shares. Their 50 day moving averages price is $6.53 and a 200 day moving average of $6.33. Their 52 week low is $5.35 and a 52 week high of $8.23. The firm currently has a market cap of $690.78 million.

Multiple firms also recently weighed in on the stock;

  • ValuEngine: In a report on Thursday, June 22nd, ValuEngine lowered their rating from ‘Strong-Buy-’ to ‘Buy’.\
  • Canaccord Genuity: In a report on Monday, June 26th, Canaccord restated a ‘Hold’ rating and set a target price of $7.00.
  • Zacks Investment Research: In a report on Tuesday, July 11th, Zacks lowered their rating from ‘Hold’ to ‘Sell’.
  • BidaskClub: In a report on Friday, July 28th, Bidask Club dropped their rating from ‘Hold’ to ‘Sell’.
  • Cantor Fitzgerald: In a report on Thursday, September 14th, Cantor Fitzgerald restated a ‘Buy’ rating and set a target price of $7.50.

Currently, the stock has 5 ‘Buy’ ratings, 3 ‘Hold’ ratings, and 1 ‘Sell’ rating, giving it a mean recommendation of ‘Hold’ with a target price of $7.50.

The company recently disclosed a quarterly dividend with a payout for Monday, October 16th. Only shareholders on record as of Saturday, September 30th will be eligible, with an ex-dividend date of Thursday, September 28th. The dividend was reported at $0.12, forecasting an annualized dividend of 6.77%. Their current dividend payout ratio is -35.82%.

Multiple institutional investors have recently made changes to their positions in the stock;

  • Ironwood Investment Management LLC bought an additional 2,500 shares during the 2nd quarter, an increase of 1.1%, for a total of 239,550 shares valued at $1,456,000.
  • Eqis Capital Management Inc. bought an additional 1,481 shares during the 2nd quarter, an increase of 5.8%, for a total of 27,113 shares valued at $165,000.
  • BNP Paribas Arbitrage SA bought an additional 1,258 shares during the 2nd quarter, an increase of 2.9%, for a total of 44,198 shares valued at $269,000.
  • Public Employees Retirement System of Ohio bought an additional 674, shares during the 2nd quarter, an increase of 0.4%, for a total of 170,329 shares valued at $1,036,000.
  • Los Angeles Capital Management & Equity Research Inc. bought an additional 2,200 shares during the 1st quarter, an increase of 4.8% for a total of 47,974 shares valued at $306,000.

The company’s stock is currently 70.24% by institutional investors.

Featured Image: Depositphotos/© pressmaster

About the author: Dylan is a content writer and editor located in Vancouver, British Columbia. He graduated from the University of Regina with BA degrees in both Journalism and History in 2016. His skills include writing, blogging, editing, and developing content for both print and internet media.