Ashford Hospitality Trust (NYSE:AHT) Announces Earnings Results

Ashford Hospitality Trust (NYSE:AHT) released its earnings results on Tuesday. The real estate investment trust reported ($2.21) earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($3.77), Zacks reports. The business had revenue of $275.48 million during the quarter, compared to analysts’ expectations of $264.40 million. Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%.

Ashford Hospitality Trust Stock Performance

Ashford Hospitality Trust stock opened at $8.30 on Thursday. Ashford Hospitality Trust has a fifty-two week low of $5.20 and a fifty-two week high of $20.78. The firm has a 50 day moving average price of $8.17 and a 200 day moving average price of $8.22. The company has a market capitalization of $45.82 million, a PE ratio of -0.64 and a beta of 2.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th.

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.