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

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

Ashford Hospitality Trust Stock Performance

Ashford Hospitality Trust stock opened at $8.34 on Wednesday. The firm has a 50 day moving average price of $8.15 and a two-hundred day moving average price of $8.23. Ashford Hospitality Trust has a 52-week low of $5.20 and a 52-week high of $20.78. The firm has a market cap of $46.04 million, a price-to-earnings ratio of -0.65 and a beta of 2.40.

Analyst Ratings Changes

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