Ashford Hospitality Trust (AHT) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.54. The company posted revenue of $410.70 million in the period, compared to analysts expectations of $403.74 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Ashford Hospitality Trust. Ashford Hospitality Trust was Downgraded by Credit Suisse to ” Neutral” on Jul 21, 2016.
Ashford Hospitality Trust closed down -0.19 points or -3.22% at $5.71 with 7,77,060 shares getting traded on Tusday. Post opening the session at $5.9, the shares hit an intraday low of $5.69 and an intraday high of $5.9 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 1, 2016, Benjamin J Md Ansell (director) purchased 3,000 shares at $4.95 per share price. According to the SEC, on Dec 15, 2015, Thomas E Callahan (director) purchased 8,000 shares at $6.18 per share price. On Feb 5, 2015, Douglas A Kessler (President) sold 47,538 shares at $10.72 per share price, according to the Form-4 filing with the securities and exchange commission.
Ashford Hospitality Trust Inc. (Ashford) together with its subsidiaries is a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry. The Company is engaged in direct hotel investments within the hotel lodging industry. Ashford owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Its hotels are primarily operated under the brands of Hilton Hyatt Marriott Starwood and Intercontinental Hotels Group. Its hotels are located in the United States. The Company through Remington Lodging manages the Hampton Inn & Suites Gainesville hotel which has 124 guestrooms including 27 studio suites. The hotel’s amenities include 1700 square feet of meeting space a boardroom Saltwater Lap Pool and Spa Jump Start fitness center and on-site parking. Ashford OP General Partner LLC is a wholly owned subsidiary of the Company.