Ashford Hospitality Trust, Inc. is an externally-advised real estate investment trust (REIT). The Company is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership. The Company's portfolio consists of 121 properties with over 25000 rooms; 86 hotel condominium units at WorldQuest Resort in Orlando, Florida; a 96.6% ownership in Ashford Quantitative Alternatives (U.S.), LP (the AQUA U.S. Fund); a 29.7% ownership in Ashford Inc., and a 13.3% ownership in OpenKey.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Hospitality REITs
- Sub-Industry: Specialized REITs
- Symbol: NYSE:AHT
- CUSIP: 04410310
- Web: www.ahtreit.com
- Market Cap: $622.58 million
- Outstanding Shares: 97,430,000
- 50 Day Moving Avg: $6.19
- 200 Day Moving Avg: $6.24
- 52 Week Range: $5.35 - $8.23
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 4.54
- P/E Growth: -1.17
- Annual Revenue: $1.45 billion
- Price / Sales: 0.43
- Book Value: $7.67 per share
- Price / Book: 0.84
- Annual Dividend: $0.48
- Dividend Yield: 7.5%
- EBIDTA: $394.52 million
- Net Margins: -5.43%
- Return on Equity: -10.41%
- Return on Assets: -1.64%
- Debt-to-Equity Ratio: 4.94%
- Current Ratio: 4.37%
- Quick Ratio: 4.37%
- Average Volume: 533,822 shs.
- Beta: 1.47
- Short Ratio: 3.75
Frequently Asked Questions for Ashford Hospitality Trust (NYSE:AHT)
What is Ashford Hospitality Trust's stock symbol?
Ashford Hospitality Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "AHT."
How often does Ashford Hospitality Trust pay dividends? What is the dividend yield for Ashford Hospitality Trust?
Ashford Hospitality Trust declared a quarterly dividend on Thursday, September 14th. Investors of record on Saturday, September 30th will be given a dividend of $0.12 per share on Monday, October 16th. This represents a $0.48 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date of this dividend is Thursday, September 28th. View Ashford Hospitality Trust's Dividend History.
How were Ashford Hospitality Trust's earnings last quarter?
Ashford Hospitality Trust Inc (NYSE:AHT) posted its earnings results on Thursday, August, 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.03. The company had revenue of $390.70 million for the quarter, compared to analyst estimates of $399.01 million. Ashford Hospitality Trust had a negative net margin of 5.43% and a negative return on equity of 10.41%. The company's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share. View Ashford Hospitality Trust's Earnings History.
When will Ashford Hospitality Trust make its next earnings announcement?
Where is Ashford Hospitality Trust's stock going? Where will Ashford Hospitality Trust's stock price be in 2017?
6 brokerages have issued 1-year price objectives for Ashford Hospitality Trust's stock. Their predictions range from $6.25 to $8.00. On average, they anticipate Ashford Hospitality Trust's stock price to reach $7.46 in the next twelve months. View Analyst Ratings for Ashford Hospitality Trust.
What are analysts saying about Ashford Hospitality Trust stock?
Here are some recent quotes from research analysts about Ashford Hospitality Trust stock:
- 1. According to Zacks Investment Research, "Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. Initial assets consist of six hotels comprised of four Embassy Suites and two Radisson properties as well as eight asset management and consulting agreements. " (9/7/2017)
- 2. Canaccord Genuity analysts commented, "Date and time of first dissemination: June 25, 2017, 23:11 ET Date and time of production: June 25, 2017, 22:54 ET Target Price / Valuation Methodology: Ashford Hospitality Trust – AHT Our $7 price target is based on a DCF analysis assuming a 9.0% discount rate and a 3% terminal growth rate. This valuation is supported by assuming a 5% discount to our termination fee adjusted year-end 2017 NAV estimate, which is driven by an 8.0% cap rate on 2018 estimates (assuming a 6% FF&E reserve). Our year-end 2017 price target implies a 10.9x 2018E EBITDA multiple. Risks to achieving Target Price / Valuation: Ashford Hospitality Trust – AHT 1. AHT is externally advised by AINC." (6/26/2017)
- 3. Cantor Fitzgerald analysts commented, "We are reiterating our Overweight rating and $8 price target on AHT. Excluding hotels under renovation, 4Q RevPAR was in line with the US lodging total (as reported by STR), there was modest margin expansion, and AHT undertook the sale of select-service hotels, debt refinancing and preferred issuance. The company has made a proposal to acquire FelCor Lodging (details below). Our Overweight rating is based on valuation, AHT's operating performance that we view positively, and the potential for relatively stronger economic growth as a result of potential new policies that could benefit lodging demand. Our price target implies a total return of approx. 24.7% on current pricing (including the 7.1% dividend yield)." (2/28/2017)
Who are some of Ashford Hospitality Trust's key competitors?
Some companies that are related to Ashford Hospitality Trust include MBIA (MBI), Redwood Trust (RWT), National Western Life Group (NWLI), 1st Source Corporation (SRCE), Kearny Financial (KRNY), WisdomTree Investments (WETF), TPG Specialty Lending (TSLX), First BanCorp. (FBP), Beneficial Bancorp (BNCL), Monmouth Real Estate Investment Corporation (MNR), James River Group Holdings (JRVR), Hamilton Lane (HLNE), Lakeland Financial Corporation (LKFN), TCG BDC (CGBD), PennyMac Mortgage Investment Trust (PMT), Parkway Properties (PKY), Getty Realty Corporation (GTY) and Banco Latinoamericano de Comercio Exterior, S.A. (BLX).
Who are Ashford Hospitality Trust's key executives?
Ashford Hospitality Trust's management team includes the folowing people:
- Montgomery J. Bennet, Chairman of the Board
- Douglas A. Kessler, President, Chief Executive Officer
- Deric S. Eubanks, Chief Financial Officer, Treasurer
- David A. Brooks, Chief Operating Officer, General Counsel, Secretary
- Jeremy JC Welter, Executive Vice President - Asset Management
- Mark L. Nunneley, Chief Accounting Officer
- J. Robison Hays III, Chief Strategy Officer
- Benjamin J. Ansell M.D., Lead Independent Director
- Amish Gupta, Independent Director
- Kamal Jafarnia, Independent Director
Who owns Ashford Hospitality Trust stock?
Ashford Hospitality Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (17.46%), JPMorgan Chase & Co. (5.23%), State Street Corp (2.90%), Prudential Financial Inc. (2.61%), Renaissance Technologies LLC (2.32%) and LSV Asset Management (2.19%). Company insiders that own Ashford Hospitality Trust stock include Alan Tallis, Benjamin J Md Ansell and Thomas E Callahan. View Institutional Ownership Trends for Ashford Hospitality Trust.
Who sold Ashford Hospitality Trust stock? Who is selling Ashford Hospitality Trust stock?
Ashford Hospitality Trust's stock was sold by a variety of institutional investors in the last quarter, including Rutabaga Capital Management LLC MA, AJO LP, RMR Advisors LLC, James Investment Research Inc., Cornerstone Capital Management Holdings LLC., TIAA CREF Investment Management LLC, Teachers Advisors LLC and Great West Life Assurance Co. Can. View Insider Buying and Selling for Ashford Hospitality Trust.
Who bought Ashford Hospitality Trust stock? Who is buying Ashford Hospitality Trust stock?
Ashford Hospitality Trust's stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Schwab Charles Investment Management Inc., Kennedy Capital Management Inc., Ameriprise Financial Inc., Renaissance Technologies LLC, JPMorgan Chase & Co., IndexIQ Advisors LLC and Chicago Equity Partners LLC. Company insiders that have bought Ashford Hospitality Trust stock in the last two years include Alan Tallis, Benjamin J Md Ansell and Thomas E Callahan. View Insider Buying and Selling for Ashford Hospitality Trust.
How do I buy Ashford Hospitality Trust stock?
Shares of Ashford Hospitality Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ashford Hospitality Trust's stock price today?
MarketBeat Community Rating for Ashford Hospitality Trust (NYSE AHT)MarketBeat's community ratings are surveys of what our community members think about Ashford Hospitality Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Ashford Hospitality Trust stock can currently be purchased for approximately $6.44.
Consensus Ratings for Ashford Hospitality Trust (NYSE:AHT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$7.46 (15.81% upside)|
Analysts' Ratings History for Ashford Hospitality Trust (NYSE:AHT)
(Data available from 9/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/14/2017||Cantor Fitzgerald||Reiterated Rating||Buy||$7.50||Low|
|6/26/2017||Canaccord Genuity||Reiterated Rating||Hold||$7.00||High|
|4/8/2017||FBR & Co||Set Price Target||Buy||$8.00||High|
|3/22/2017||DA Davidson||Initiated Coverage||Buy||$8.00||Medium|
|1/11/2017||Robert W. Baird||Downgrade||Outperform -> Neutral||$7.00 -> $8.00||N/A|
|11/8/2016||Janney Montgomery Scott||Reiterated Rating||Neutral||$6.25||N/A|
|7/21/2016||Credit Suisse Group||Downgrade||Outperform -> Neutral||$6.00 -> $5.00||N/A|
|6/26/2016||Deutsche Bank AG||Reiterated Rating||Buy||N/A|
|2/16/2016||Morgan Stanley||Lower Price Target||$6.00 -> $5.00||N/A|
|1/11/2016||JMP Securities||Downgrade||Outperform -> Market Perform||N/A|
Earnings History for Ashford Hospitality Trust (NYSE:AHT)Earnings History by Quarter for Ashford Hospitality Trust (NYSE AHT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$0.55||$0.52||$399.01 million||$390.70 million||View||Listen|
|5/4/2017||Q1 2017||$0.26||$0.32||$350.47 million||$353.70 million||View||Listen|
|2/23/2017||Q416||($0.32)||($0.61)||$345.00 million||$300.00 million||View||N/A|
|5/5/2016||Q116||$0.38||$0.36||$357.88 million||$367.77 million||View||N/A|
|2/25/2016||Q415||$0.25||$0.26||$329.14 million||$352.88 million||View||Listen|
|11/4/2015||Q315||$0.34||$0.35||$342.04 million||$364.50 million||View||N/A|
|8/6/2015||Q215||$0.45||$0.49||$323.58 million||$369.30 million||View||N/A|
|5/7/2015||Q115||$0.26||$0.30||$218.83 million||$250.20 million||View||N/A|
|2/26/2015||Q4||$0.13||$0.17||$193.46 million||$190.36 million||View||N/A|
|8/7/2014||Q214||$0.38||$0.39||$222.96 million||$208.90 million||View||N/A|
|5/8/2014||Q114||$0.17||$0.25||$194.80 million||$195.59 million||View||N/A|
|2/27/2014||Q413||$0.23||$0.14||$186.00 million||$163.00 million||View||N/A|
|10/24/2013||Q313||$0.36||$0.25||$243.89 million||$242.02 million||View||N/A|
|7/31/2013||Q2 2013||$0.59||$0.55||$261.96 million||$258.54 million||View||N/A|
|5/8/2013||Q113||$0.36||$0.35||$217.06 million||$231.94 million||View||N/A|
|2/27/2013||Q412||$0.38||$0.39||$240.33 million||$240.60 million||View||N/A|
Earnings Estimates for Ashford Hospitality Trust (NYSE:AHT)
2017 EPS Consensus Estimate: $1.30
2018 EPS Consensus Estimate: $1.47
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Ashford Hospitality Trust (NYSE:AHT)
|Dividend Growth:||0.70% (3 Year Average)|
|Payout Ratio:||-35.82% (Trailing 12 Months of Earnings) |
34.29% (Based on This Year's Estimates)
33.80% (Based on Next Year's Estimates)
Dividend History by Quarter for Ashford Hospitality Trust (NYSE AHT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Ashford Hospitality Trust (NYSE:AHT)
Insider Ownership Percentage: 18.20%Insider Trades by Quarter for Ashford Hospitality Trust (NYSE:AHT)
Institutional Ownership Percentage: 70.27%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/9/2016||Alan Tallis||Director||Buy||4,174||$25.04||$104,516.96|| |
|5/27/2016||Benjamin J Md Ansell||Director||Buy||3,000||$4.95||$14,850.00|| |
|5/12/2016||Benjamin J Md Ansell||Director||Buy||5,800||$5.66||$32,828.00|| |
|11/10/2015||Thomas E Callahan||Director||Buy||7,800||$6.52||$50,856.00|| |
|11/9/2015||Benjamin J. Md Ansell||Director||Buy||7,500||$6.53||$48,975.00|| |
|2/5/2015||Douglas A Kessler||President||Sell||47,538||$10.71||$509,131.98|| |
|2/4/2015||Douglas A Kessler||President||Sell||69,974||$10.69||$748,022.06|| |
|2/2/2015||Douglas A Kessler||President||Sell||1,581||$10.66||$16,853.46|| |
|1/30/2015||Douglas A Kessler||President||Sell||20,001||$10.66||$213,210.66|| |
|1/28/2015||Douglas A Kessler||President||Sell||6,956||$11.03||$76,724.68|| |
|1/26/2015||Douglas A Kessler||President||Sell||3,044||$11.03||$33,575.32|| |
|12/24/2014||Douglas A Kessler||President||Sell||15,000||$10.95||$164,250.00|| |
|12/23/2014||Douglas A Kessler||President||Sell||75,000||$10.87||$815,250.00|| |
|12/19/2014||Douglas A Kessler||President||Sell||35,486||$10.57||$375,087.02|| |
|11/28/2014||Douglas A Kessler||President||Sell||26,586||$10.58||$281,279.88|| |
|11/25/2014||Douglas A Kessler||President||Sell||6,400||$10.57||$67,648.00|| |
|11/24/2014||Douglas A Kessler||President||Sell||2,200||$10.57||$23,254.00|| |
|11/21/2014||Douglas A Kessler||President||Sell||89,328||$10.31||$920,971.68|| |
|11/12/2013||Benjamin Md Ansell||Director||Buy||6,260||$8.00||$50,080.00|| |
|11/6/2013||Benjamin Md Ansell||Director||Buy||5,000||$8.50||$42,500.00|| |
Headline Trends for Ashford Hospitality Trust (NYSE:AHT)
Latest Headlines for Ashford Hospitality Trust (NYSE:AHT)
Ashford Hospitality Trust (AHT) Chart for Thursday, September, 21, 2017