Ashford Hospitality Trust (NYSE:AHT – Get Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported ($12.39) earnings per share for the quarter, missing the consensus estimate of $0.60 by ($12.99), Zacks reports. Ashford Hospitality Trust had a negative return on equity of 10.52% and a net margin of 2.25%. The firm had revenue of $276.60 million for the quarter, compared to the consensus estimate of $273.50 million. During the same quarter in the previous year, the company posted $0.08 EPS.
Ashford Hospitality Trust Price Performance
Shares of Ashford Hospitality Trust stock traded up $1.49 during trading hours on Thursday, reaching $7.41. The company had a trading volume of 69,939 shares, compared to its average volume of 46,317. The business has a fifty day simple moving average of $12.06 and a 200 day simple moving average of $11.18. The firm has a market cap of $37.20 million, a PE ratio of -0.36 and a beta of 2.33. Ashford Hospitality Trust has a one year low of $5.20 and a one year high of $25.50.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Wednesday.
About Ashford Hospitality Trust
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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