According to Zacks Investment Research, brokerages predict that we can expect a $0.33 earnings per share from Ashford Hospitality Trust Inc. (NYSE:$AHT) for the current fiscal quarter. The number is based on four analyst estimates ranging from $0.36 to $0.29. In the same quarter last year, Ashford posted -$0.37 EPS. This would indicate a potential growth of 189.2%. We can expect an official report on Thursday, November 2nd, after the close.
Ashford is an externally advised REIT that focuses on upper-upscale hotels in the US.
Analysts predict Ashford will post full-year earnings of $1.38 per share this year, based on estimates ranging from $1.30 to $1.49. Estimates of $1.40 per share are expected for the next year, with forecasts ranging from $1.33 to $1.53.
During trading on Friday, Ashford traded down 0.14%, reaching $7.09 on a volume of 376,164 shares. Their 50 day moving averages price is $6.53 and a 200 day moving average of $6.33. Their 52 week low is $5.35 and a 52 week high of $8.23. The firm currently has a market cap of $690.78 million.
Multiple firms also recently weighed in on the stock;
- ValuEngine: In a report on Thursday, June 22nd, ValuEngine lowered their rating from ‘Strong-Buy-’ to ‘Buy’.\
- Canaccord Genuity: In a report on Monday, June 26th, Canaccord restated a ‘Hold’ rating and set a target price of $7.00.
- Zacks Investment Research: In a report on Tuesday, July 11th, Zacks lowered their rating from ‘Hold’ to ‘Sell’.
- BidaskClub: In a report on Friday, July 28th, Bidask Club dropped their rating from ‘Hold’ to ‘Sell’.
- Cantor Fitzgerald: In a report on Thursday, September 14th, Cantor Fitzgerald restated a ‘Buy’ rating and set a target price of $7.50.
Currently, the stock has 5 ‘Buy’ ratings, 3 ‘Hold’ ratings, and 1 ‘Sell’ rating, giving it a mean recommendation of ‘Hold’ with a target price of $7.50.
The company recently disclosed a quarterly dividend with a payout for Monday, October 16th. Only shareholders on record as of Saturday, September 30th will be eligible, with an ex-dividend date of Thursday, September 28th. The dividend was reported at $0.12, forecasting an annualized dividend of 6.77%. Their current dividend payout ratio is -35.82%.
Multiple institutional investors have recently made changes to their positions in the stock;
- Ironwood Investment Management LLC bought an additional 2,500 shares during the 2nd quarter, an increase of 1.1%, for a total of 239,550 shares valued at $1,456,000.
- Eqis Capital Management Inc. bought an additional 1,481 shares during the 2nd quarter, an increase of 5.8%, for a total of 27,113 shares valued at $165,000.
- BNP Paribas Arbitrage SA bought an additional 1,258 shares during the 2nd quarter, an increase of 2.9%, for a total of 44,198 shares valued at $269,000.
- Public Employees Retirement System of Ohio bought an additional 674, shares during the 2nd quarter, an increase of 0.4%, for a total of 170,329 shares valued at $1,036,000.
- Los Angeles Capital Management & Equity Research Inc. bought an additional 2,200 shares during the 1st quarter, an increase of 4.8% for a total of 47,974 shares valued at $306,000.
The company’s stock is currently 70.24% by institutional investors.
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