Ashford Hospitality Trust (NYSE:AHT) Issues Earnings Results, Beats Expectations By $8.26 EPS

Ashford Hospitality Trust (NYSE:AHT) issued its earnings results on Wednesday. The real estate investment trust reported $1.62 earnings per share for the quarter, topping the consensus estimate of ($6.64) by $8.26, FiscalAI reports. The company had revenue of $273.24 million for the quarter, compared to analyst estimates of $293.00 million.

Ashford Hospitality Trust Stock Performance

AHT stock traded down $0.06 on Wednesday, reaching $3.07. The company had a trading volume of 21,530 shares, compared to its average volume of 37,451. Ashford Hospitality Trust has a 1 year low of $2.50 and a 1 year high of $6.48. The company’s fifty day moving average is $3.18 and its 200 day moving average is $3.14. The company has a market cap of $19.89 million, a P/E ratio of -0.07 and a beta of 1.74.

Institutional Trading of Ashford Hospitality Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in Ashford Hospitality Trust during the 3rd quarter worth approximately $157,000. Susquehanna International Group LLP lifted its holdings in Ashford Hospitality Trust by 49.2% in the third quarter. Susquehanna International Group LLP now owns 54,574 shares of the real estate investment trust’s stock worth $322,000 after acquiring an additional 17,991 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Ashford Hospitality Trust during the 3rd quarter valued at approximately $103,000. State Street Corp increased its holdings in shares of Ashford Hospitality Trust by 41.8% in the 4th quarter. State Street Corp now owns 21,360 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 6,300 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Ashford Hospitality Trust by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 64,309 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 5,175 shares during the period. 41.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ashford Hospitality Trust in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ashford Hospitality Trust presently has a consensus rating of “Reduce”.

About Ashford Hospitality Trust

Ashford Hospitality Trust, Inc (NYSE: AHT) is a real estate investment trust that acquires, owns and operates upscale and upper-upscale full-service hotels in the United States. The company’s portfolio spans a variety of urban, resort and convention-oriented markets and includes both well-known national brands and independent properties. Ashford Hospitality Trust seeks to generate long-term value through active asset management, strategic acquisitions, dispositions and selective joint venture partnerships.

Founded in 2003 and headquartered in Dallas, Texas, Ashford Hospitality Trust invests in properties affiliated with leading hospitality brands, including Marriott, Hilton, Hyatt and Starwood.