Welcome to our dedicated page for Ashford Hospitality Trust news (Ticker: AHT), a resource for investors and traders seeking the latest updates and insights on Ashford Hospitality Trust stock.
Ashford Hospitality Trust, Inc. (NYSE: AHT) is a self-advised real estate investment trust (REIT) specializing in the hospitality sector. Established in 2003, Ashford's strategy focuses on investing opportunistically in upper upscale, full-service hotels across the United States. The company operates through its subsidiary, Ashford Hospitality Limited Partnership, and holds its lodging investments under brands like Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton.
The company's core investments include direct real estate acquisitions, securities, equity, and debt, targeting assets expected to generate revenue per available room (RevPAR) below twice the national average. Ashford's revenue streams are primarily derived from room revenue, food and beverage sales, and other ancillary services.
Recently, Ashford has been actively managing its portfolio to improve financial stability and reduce debt. The company announced the sale of multiple hotel properties, including the Hilton Boston Back Bay and Courtyard Manchester, generating significant proceeds for debt reduction. In addition, Ashford has undertaken refinancing efforts, such as the recent loan secured for the Renaissance Hotel in Nashville, Tennessee, to enhance liquidity and financial flexibility.
Ashford's leadership is also experiencing changes, with Rob Hays stepping down as CEO and Stephen Zsigray taking over. This transition aims to bring fresh perspectives and continue the company's growth trajectory.
Committed to maintaining a high-quality, geographically diverse portfolio, Ashford is well-positioned to benefit from increasing corporate and group travel demand. The company's ongoing deleveraging plan and strategic asset sales are expected to strengthen its financial health and support future growth initiatives.
Ashford Hospitality Trust (NYSE: AHT) will present at Nareit's REITweek 2022 Investor Conference on June 7, 2022, at 3:45 p.m. Eastern Time. The presentation will be led by President and CEO Rob Hays. Investors can access the live audio broadcast on the company's website or through another provided link. A replay will be available for 90 days post-presentation. Ashford Trust primarily invests in upscale, full-service hotels, focusing on enhancing shareholder value.
Ashford Hospitality Trust (AHT) announced preferred dividends for Q2 2022, declaring $0.5281 per share for Series D, $0.4609 for Series F and G, and $0.46875 for Series H and I. All dividends have an annual rate of $2.1125, $1.8438, and $1.875 respectively. Payment is set for July 15, 2022, to stockholders on record by June 30, 2022.
Ashford Trust is a REIT focused on upper upscale, full-service hotels.
Ashford Hospitality Trust (AHT) reported preliminary first-quarter results for 2022, with an estimated net loss of $(58.8) million to $(56.8) million. Adjusted EBITDAre is projected between $40.0 million and $42.0 million, while Adjusted FFO is estimated to range from $(1.8) million to $0.2 million. Management highlighted improving hotel performance driven by strong leisure and transient demand. Final results will be disclosed on May 3, 2022. Caution is advised regarding the preliminary figures, as changes may occur before the final report.
Ashford Inc. (NYSE American: AINC) announced that Jeremy Welter, President and COO, will leave the company effective July 15, 2022. This will also end his roles at Ashford Hospitality Trust (NYSE: AHT) and Braemar Hotels & Resorts (NYSE: BHR). Monty J. Bennett, CEO, acknowledged Welter's significant contributions to maximizing hotel asset value and providing leadership. Ashford, an asset management company, continues to focus on the hospitality sector. The company warns that forward-looking statements carry inherent risks, including ongoing effects from COVID-19 and market volatility.
Ashford Hospitality Trust (AHT) announced preliminary results for Q1 2022, expecting an occupancy rate of approximately 58% and an average daily rate (ADR) of $166, leading to a RevPAR of about $97. This represents a 103% increase from Q1 2021 but a 23% decline compared to Q1 2019. RevPAR showed a decreasing trend monthly, dropping 36%, 25%, and 13% in January, February, and March 2022 compared to the same months in 2019, respectively. CEO Rob Hays expressed optimism about the industry’s recovery and the company's potential amidst current challenges.
Ashford Hospitality Trust (NYSE: AHT) announced the release of its first-quarter earnings for the period ending March 31, 2022, scheduled for May 3, 2022, after market close. A conference call will take place on May 4, 2022, at 11:00 a.m. ET, where the company will discuss its financial results. Interested participants can join the call at (201) 389-0920, and a replay will be available until May 11, 2022. Ashford Trust specializes in investing in upper upscale, full-service hotels.
Ashford Hospitality Trust (NYSE: AHT) announced the declaration of dividends for its cumulative preferred stocks for the first quarter ending March 31, 2022. The Board declared a dividend of $0.5281 per diluted share for the 8.45% Series D, $0.4609 for both 7.375% Series F and Series G, and $0.46875 for both 7.50% Series H and Series I. All dividends are payable on April 15, 2022, to shareholders of record as of March 31, 2022, with annual rates equating to $2.1125, $1.8438, and $1.875 respectively.
Ashford Hospitality Trust (NYSE: AHT) filed a registration statement with the SEC on March 4, 2022, for its Series K and Series J Redeemable Preferred Equity Stock, aiming to raise capital over three years. The initial annual dividend yields are projected at 8% and 8.2%, respectively, with a Dividend Reinvestment Plan available for investors. The company plans to start issuing the preferred equity in Q3 2022, contingent on SEC review. Ashford Trust's CEO Rob Hays emphasized that this offering reflects a strategic pivot and aims to enhance the company's long-term growth and competitive advantage.
Ashford Inc. announced a favorable settlement of a lawsuit involving Ashford Hospitality Trust against Cygnus Capital and other defendants. The terms include a payment exceeding $1 million and the transfer of 150,000 shares of Ashford Trust stock to a charitable trust. The lawsuit claimed that Cygnus violated federal securities laws by forming an undisclosed stockholder group exceeding the 9.8% ownership limit. Ashford's CEO stated this outcome will allow them to focus on maximizing shareholder value and mitigating costs caused by the attempted takeover.
Ashford announced the conclusion of an SEC investigation into the company, stating that the SEC enforcement staff does not intend to recommend any action against Ashford, Braemar Hotels & Resorts, and Ashford Hospitality Trust. This investigation's closure is a significant relief for the companies, affirming their compliance with regulatory standards. Ashford operates in alternative asset management, focusing on real estate and hospitality sectors, providing various asset and investment management services.
FAQ
What is the current stock price of Ashford Hospitality Trust (AHT)?
What is the market cap of Ashford Hospitality Trust (AHT)?
What is Ashford Hospitality Trust, Inc.?
When was Ashford Hospitality Trust, Inc. established?
What types of properties does Ashford Hospitality Trust, Inc. invest in?
What brands operate under Ashford Hospitality Trust, Inc.?
How does Ashford Hospitality Trust generate revenue?
What are some recent achievements of Ashford Hospitality Trust, Inc.?
Who is the current CEO of Ashford Hospitality Trust, Inc.?
What is Ashford Hospitality Trust, Inc.'s strategy for future growth?
What financial condition is Ashford Hospitality Trust, Inc. currently in?
What are Ashford Hospitality Trust, Inc.'s recent financial results?
