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Ashford Hospitality Trust (AHT) Surges 12.6%: Is This an Indication of Further Gains?
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Ashford Hospitality Trust (AHT - Free Report) shares soared 12.6% in the last trading session to close at $6.25. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.5% gain over the past four weeks.
This increased optimism stems from the recovering fundamentals of its markets and its capacity to leverage growth potential. Its recent update also revealed an improvement in its operating performance in April and May.
This hotel owner is expected to post quarterly funds from operations (FFO) of $0.92 per share in its upcoming report, which represents a year-over-year change of +2200%. Revenues are expected to be $330.44 million, up 70.9% from the year-ago quarter.
While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.
For Ashford Hospitality Trust, the consensus FFO per share estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in FFO estimate revisions. So, make sure to keep an eye on AHT going forward to see if this recent jump can turn into more strength down the road.
Ashford Hospitality Trust is a member of the Zacks REIT and Equity Trust - Other industry. One other stock in the same industry, VICI Properties Inc. (VICI - Free Report) , finished the last trading session 3.9% higher at $30.32. VICI has returned -2.9% over the past month.
For VICI Properties Inc., the consensus FFO per share estimate for the upcoming report has changed +0.5% over the past month to $0.48. This represents no change from what the company reported a year ago. VICI Properties Inc. currently has a Zacks Rank of #3 (Hold).
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Ashford Hospitality Trust (AHT) Surges 12.6%: Is This an Indication of Further Gains?
Ashford Hospitality Trust (AHT - Free Report) shares soared 12.6% in the last trading session to close at $6.25. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.5% gain over the past four weeks.
This increased optimism stems from the recovering fundamentals of its markets and its capacity to leverage growth potential. Its recent update also revealed an improvement in its operating performance in April and May.
This hotel owner is expected to post quarterly funds from operations (FFO) of $0.92 per share in its upcoming report, which represents a year-over-year change of +2200%. Revenues are expected to be $330.44 million, up 70.9% from the year-ago quarter.
While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.
For Ashford Hospitality Trust, the consensus FFO per share estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in FFO estimate revisions. So, make sure to keep an eye on AHT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Ashford Hospitality Trust is a member of the Zacks REIT and Equity Trust - Other industry. One other stock in the same industry, VICI Properties Inc. (VICI - Free Report) , finished the last trading session 3.9% higher at $30.32. VICI has returned -2.9% over the past month.
For VICI Properties Inc., the consensus FFO per share estimate for the upcoming report has changed +0.5% over the past month to $0.48. This represents no change from what the company reported a year ago. VICI Properties Inc. currently has a Zacks Rank of #3 (Hold).