Ashford Hospitality Trust Inc. (AHT, Financial) has seen a significant drop in its stock price, down by 5.57%. The stock is currently trading at $0.685 per share with a volume of 78,803 shares and a turnover rate of 0.16%. The stock's price amplitude stands at 4.14%.
Financial reports indicate that AHT achieved a revenue of $316 million with a net profit of $50.25 million, resulting in earnings per share of $1.03. However, its price-to-earnings ratio is reported at -0.33. Among the three institutions providing ratings, 33% recommended buying, while 67% suggested holding the stock, with no sell recommendations.
Within the real estate trust industry, the overall sector declined by 0.56%. Notable gainers in related stocks include Alexandria Real Estate Equities, City Office REIT, Inc., and Curbline Properties Corp. Meanwhile, stocks like Wheeler Real Estate Investment Trust, Inc., Power REIT, and Invesco Mortgage Capital showed high activity with turnover rates of 96.22%, 21.51%, and 3.45% respectively. Wheeler Real Estate, Presidio Property Trust, and Power REIT exhibited significant price amplitudes of 29.48%, 14.75%, and 14.48%.
Ashford Hospitality Trust Inc. is a real estate investment trust specializing in upscale hotels across the United States. Through its subsidiary, Ashford Hospitality Limited Partnership, it owns and operates properties under brands like Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton. The company focuses on direct hotel investment, acquisitions, or developments, and offers mezzanine financing, first mortgage financing, and sale-leaseback transactions. Major revenue streams include room and food and beverage income, with room revenue contributing the most.
