Ashford Hospitality Trust (NYSE:AHT) Releases Earnings Results, Misses Expectations By $1.71 EPS

Ashford Hospitality Trust (NYSE:AHT) announced its quarterly earnings results on Tuesday. The real estate investment trust reported ($2.85) EPS for the quarter, missing analysts’ consensus estimates of ($1.14) by ($1.71), Zacks reports.

Ashford Hospitality Trust Trading Down 6.2%

Shares of NYSE:AHT traded down $0.29 on Tuesday, reaching $4.38. 39,695 shares of the company’s stock were exchanged, compared to its average volume of 33,156. The company has a market capitalization of $26.86 million, a price-to-earnings ratio of -0.09 and a beta of 2.43. The company has a fifty day moving average of $5.69 and a 200-day moving average of $6.03. Ashford Hospitality Trust has a twelve month low of $4.36 and a twelve month high of $11.99.

Wall Street Analyst Weigh In

AHT has been the topic of a number of research reports. Wall Street Zen upgraded shares of Ashford Hospitality Trust to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Ashford Hospitality Trust in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Ashford Hospitality Trust Company Profile

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.