Ashford Hospitality Trust (NYSE:AHT) Posts Earnings Results, Misses Estimates By $12.99 EPS

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

Ashford Hospitality Trust Price Performance

NYSE AHT opened at $7.41 on Friday. The firm has a 50-day moving average price of $12.01 and a two-hundred day moving average price of $11.15. Ashford Hospitality Trust has a 12-month low of $5.20 and a 12-month high of $25.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Wednesday.

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.