Ashford Hospitality Trust (NYSE:AHT) Releases Earnings Results, Misses Expectations By $3.77 EPS

Ashford Hospitality Trust (NYSE:AHT) posted its quarterly earnings data on Tuesday. The real estate investment trust reported ($2.21) earnings per share for the quarter, missing the consensus estimate of $1.56 by ($3.77), Zacks reports. Ashford Hospitality Trust had a negative return on equity of 12.89% and a net margin of 2.84%.

Ashford Hospitality Trust Trading Down 2.0 %

AHT stock opened at $8.34 on Wednesday. Ashford Hospitality Trust has a 1-year low of $5.20 and a 1-year high of $20.78. The business’s 50 day simple moving average is $8.15 and its 200 day simple moving average is $8.23. The firm has a market capitalization of $46.04 million, a PE ratio of -0.65 and a beta of 2.40.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Ashford Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th.

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.