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

Ashford Hospitality Trust (NYSE:AHT) issued its quarterly earnings results on Tuesday. The real estate investment trust reported ($12.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($12.99), Zacks reports. The business had revenue of $276.60 million for the quarter, compared to analyst estimates of $273.50 million. Ashford Hospitality Trust had a negative return on equity of 10.52% and a net margin of 2.25%. During the same quarter in the previous year, the business posted $0.08 earnings per share.

Ashford Hospitality Trust Trading Up 25.2 %

Shares of AHT traded up $1.49 during midday trading on Thursday, reaching $7.41. The stock had a trading volume of 69,939 shares, compared to its average volume of 46,317. The company’s 50-day moving average is $12.06 and its 200 day moving average is $11.18. The company has a market capitalization of $37.20 million, a price-to-earnings ratio of -0.36 and a beta of 2.33. Ashford Hospitality Trust has a 12-month low of $5.20 and a 12-month high of $25.50.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a 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.