Ashford Hospitality Trust (NYSE:AHT) announced that its board has initiated a stock buyback program, which permits the company to buyback $200.00 million in outstanding shares on Monday, December 11th, EventVestor reports. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Ashford Hospitality Trust (NYSE:AHT) opened at $6.71 on Wednesday. The firm has a market cap of $652.69, a PE ratio of 5.15, a PEG ratio of 0.97 and a beta of 1.49. Ashford Hospitality Trust has a 1 year low of $5.68 and a 1 year high of $8.23. The company has a debt-to-equity ratio of 5.29, a current ratio of 3.94 and a quick ratio of 3.94.

Ashford Hospitality Trust (NYSE:AHT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The company had revenue of $353.33 million during the quarter, compared to the consensus estimate of $360.10 million. Ashford Hospitality Trust had a negative net margin of 5.61% and a negative return on equity of 10.79%. Ashford Hospitality Trust’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. sell-side analysts predict that Ashford Hospitality Trust will post 1.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.15%. The ex-dividend date of this dividend is Thursday, December 28th. Ashford Hospitality Trust’s payout ratio is presently -35.04%.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research report on Tuesday, October 10th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $7.50 price target on shares of Ashford Hospitality Trust in a research report on Tuesday, October 3rd. ValuEngine raised shares of Ashford Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $7.00 price target on shares of Ashford Hospitality Trust in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Ashford Hospitality Trust has a consensus rating of “Hold” and an average price target of $7.42.

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Ashford Hospitality Trust Company Profile

Ashford Hospitality Trust, Inc is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.

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