Ashford Hospitality Trust (NYSE:AHT) Issues Earnings Results

Ashford Hospitality Trust (NYSE:AHT) announced its quarterly earnings data on Tuesday. The real estate investment trust reported ($12.39) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($12.99), Zacks reports. The firm had revenue of $276.60 million during the quarter, compared to the consensus estimate of $273.50 million. Ashford Hospitality Trust had a net margin of 2.25% and a negative return on equity of 10.52%. During the same period last year, the business earned $0.08 EPS.

Ashford Hospitality Trust Stock Up 25.2 %

Shares of Ashford Hospitality Trust stock opened at $7.41 on Friday. The business has a fifty day simple moving average of $12.01 and a two-hundred day simple moving average of $11.15. Ashford Hospitality Trust has a 1 year low of $5.20 and a 1 year high of $25.50.

Analyst Ratings Changes

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