Ashford Hospitality Trust

Ashford Hospitality Trust, Inc. is a real estate investment trust, which invests in the hospitality industry. The firm’s investments include direct hotel, mezzanine financing through origination or acquisition, first mortgage financing through origination or acquisition, sale-leaseback transactions and other hospitality transactions. The company was founded by Montgomery Jack Bennett in May 2003 and is headquartered in Dallas, TX.

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Ashford Hospitality Trust reports Q4 growth amidst refinancing challenges

Ashford Hospitality Trust's Q4 2022 earnings call highlighted strong operational performance, liquidity, and debt management. Despite challenges in quantifying financial amounts and margin sustainability, the company is exploring opportunities through asset sales and revenue optimization.

Ashford Hospitality Trust reports robust Q1 performance and growth strategies

Ashford Hospitality Trust's Q1 performance reflects strong revenue growth and operational improvements.
While facing challenges in managing costs and market uncertainties, the company is well-positioned for future growth.
Opportunities for strategic capital deployment and asset optimization provide avenues for continued success and financial stability.

Ashford Hospitality Trust reports resilient Q2 performance amid strategic challenges

Ashford Hospitality Trust showcased strong operational performance amidst financial challenges in Q2 2023.
Management's focus on optimizing the portfolio and capital structure reflects a proactive approach to long-term sustainability.
Navigating complexities in asset sales and debt management requires strategic planning and careful execution.
Despite uncertainties, the company remains resilient and adaptable to capitalize on opportunities for growth.

Ashford Hospitality Trust (AHT) reports strong Q3 performance and strategic initiatives

Ashford Hospitality Trust (AHT) delivered a solid performance in Q3 2023, marked by RevPAR growth and strategic asset management initiatives. While facing challenges such as net losses and operational hurdles, the company is leveraging opportunities in capital optimization and labor market improvements. AHT's focus on liquidity, debt management, and asset sales underscores a proactive approach to financial sustainability.

Ashford Hospitality Trust aims to pay off debt for dividend reinstatement

Ashford Hospitality Trust's Q4 performance showed RevPAR growth and strong revenue growth in January 2024.
The company's focus on paying off strategic financing through various initiatives reflects a commitment to financial stability.
Despite challenges like net losses, Ashford Hospitality Trust sees opportunities in asset sales and debt refinancings for future growth.

Ashford Hospitality Trust (AHT) reports Q3 progress amidst financial challenges

Ashford Hospitality Trust (AHT) navigated Q3 2024 with a focus on strategic financing, strong top-line growth, and operational enhancements.
While facing financial challenges and the absence of a common dividend, the company is proactively addressing opportunities for growth and stability.
With a diverse portfolio and clear strategic priorities, Ashford Hospitality Trust (AHT) aims to position itself for long-term success in a dynamic market landscape.
The company's performance, strengths, challenges, and opportunities collectively shape its trajectory towards sustainable growth and value creation.

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DALLAS , Dec. 27, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the fourth quarter ended December 31, 2023. Ashford Trust plans to issue its earnings release for the fourth quarter after the market closes on Wednesday, February 28, 2024, and will host a conference call on Thursday, February 29, 2024, at 11:00 a.m.

ASHFORD TRUST SETS FOURTH QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

Ashford Hospitality Trust has faced significant challenges due to Covid, resulting in massive equity dilution and a 99% loss in value over the past 5 years. However, AHT's Q3 RevPAR has now surpassed pre-Covid levels, indicating a recovery in the hotel sector. AHT still faces major challenges, including high interest rates, an expensive loan from Oaktree, and the need for capital spending to modernize hotel properties.

Ashford Hospitality Trust Preferred: Check-In To This Speculative 17.6% Yielder

DALLAS , Dec. 4, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has completed the transfer of ownership of the KEYS F loan pool to the mortgage lender. The hotels in the KEYS F loan pool that were transferred to the mortgage lender include: Embassy Suites Flagstaff – Flagstaff, AZ Embassy Suites Walnut Creek – Walnut Creek, CA Marriott Bridgewater – Bridgewater, NJ Marriott Research Triangle Park – Durham, NC W Atlanta Downtown – Atlanta, GA The Company continues to work with the lender for the KEYS A and KEYS B loan pools on a consensual transfer of ownership of those hotels to the lender, and the Company anticipates that transfer could occur by the end of the year or early 2024.

ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON STATUS OF LOAN POOLS

Ashford Hospitality Trust (AHT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Ashford Hospitality Trust (AHT) a New Buy Stock

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Following the best week of the year, U.S. equity markets were mixed this week as interest rates rebounded from the prior week's plunge after Fed officials pushed back on market optimism. Posting gains in nine out of ten sessions since dipping into "correction territory" at the end of October, the S&P 500 gained 1.4% on the week, but Mid-Caps and Small-Caps posted declines. Following their best week since 2020, REITs took a step back this week as upward pressure on benchmark interest rates offset a solid conclusion to a strong earnings season.

Fed Says 'Not So Fast'

Ashford Hospitality Trust, Inc. (NYSE:AHT ) Q3 2023 Results Conference Call November 8, 2023 11:00 AM ET Company Participants Jordan Jennings - Director of Investor Relations Robison Hays - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Christopher Nixon - Executive Vice President and Head of Asset Management Conference Call Participants Bryan Maher - B. Riley Securities Jonathan Jenkins - Oppenheimer Michael Bellisario - Robert W.

Ashford Hospitality Trust, Inc. (AHT) Q3 2023 Earnings Call Transcript

The headline numbers for Ashford Hospitality Trust (AHT) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Ashford Hospitality Trust (AHT) Q3 Earnings: A Look at Key Metrics

DALLAS , Nov. 1, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 72% for the third quarter of 2023 with Average Daily Rate of approximately $182 resulting in RevPAR of approximately $132.  This Comparable RevPAR reflects an approximate increase of 4% compared to the third quarter of 2022.

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY THIRD QUARTER 2023 RESULTS

DALLAS , Oct. 26, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has entered into a new franchise agreement with Marriott International ("Marriott") to convert its Le Pavillon Hotel (the "Hotel")  in New Orleans, Louisiana to a Tribute Portfolio property.  Marriott's Tribute Portfolio is a growing global family of characterful, independent hotels drawn together by their passion for captivating design and their drive to create vibrant social scenes for guests and locals alike.

ASHFORD HOSPITALITY TRUST ANNOUNCES AGREEMENT TO CONVERT LE PAVILLON HOTEL IN NEW ORLEANS TO MARRIOTT'S TRIBUTE PORTFOLIO

DALLAS , Oct. 16, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it is moving its third quarter 2023 earnings release and earnings conference call to one day earlier. Ashford Trust now plans to issue its earnings release for the third quarter after the market closes on Tuesday, November 7, 2023, and will host a conference call on Wednesday, November 8, 2023, at 11:00 a.m.

ASHFORD TRUST ANNOUNCES DATE CHANGE FOR THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

DALLAS , Oct. 10, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the fourth quarter ending December 31, 2023. The dividend, which equates to an annual rate of $2.1125 per share, is payable on January 16, 2024 to stockholders of record as of December 29, 2023.

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE FOURTH QUARTER OF 2023

DALLAS , Oct. 9, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that the Company has changed the scheduled date and start time of its third quarter 2023 earnings conference call. The call was previously scheduled for Wednesday, November 1, 2023, at 12:00 p.m.

ASHFORD TRUST ANNOUNCES DATE AND TIME CHANGE FOR THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Ashford Hospitality Trust (AHT) Right Now?

Ashford Hospitality Trust Inc. has experienced a 23% drop in value since our previous coverage. The company's preferred shares have similar total returns despite a large quarterly dividend. We tell you why the preferred dividends are likely to continue for some time and the cut will happen too late to use as a signal.

Ashford: 16% Yielding Preferreds Won't Stop Paying Just Yet

Ashford Hospitality Trust (AHT) Moves to Buy: Rationale Behind the Upgrade

Ashtead Group PLC ( LSE:AHT , Financial) stands out as a premier equipment rental provider, commanding a significant presence in the equipment rental sector across the United Kingdom, United States and Canada. The company's core clientele comprises non-residential construction businesses seeking a wide array of equipment and tools for their projects, while avoiding the challenges associated with equipment ownership and management.

Ashtead Is Well Placed to Ride the US Construction Cycle

Ashford Hospitality (AHT) notes that it is on track with its Crowne Plaza La Concha Hotel conversion and expects to benefit in terms of RevPAR from the move.

Ashford Hospitality (AHT) Updates on Key West Hotel Conversion

DALLAS , Aug. 21, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that its Crowne Plaza La Concha Hotel in Key West, Florida (the "Hotel") is on track to convert to a Marriott Autograph Collection® property in 2024 at which time it will be rebranded to Autograph La Concha.  Marriott's Autograph Collection Hotels feature a diverse portfolio of approximately 200 independent hotels around the world that reflect a unique vision, design, and environment.

ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON CONVERSION OF CROWNE PLAZA LA CONCHA KEY WEST TO MARRIOTT'S AUTOGRAPH COLLECTION

DALLAS , Aug. 1, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today reported financial results and performance measures for the second quarter ended June 30, 2023. The comparable performance measurements for Occupancy, Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Hotel EBITDA assume each of the hotel properties in the Company's hotel portfolio as of June 30, 2023 was owned as of the beginning of each of the periods presented.

ASHFORD TRUST REPORTS SECOND QUARTER 2023 RESULTS

DALLAS , Aug. 1, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced the sale of 79 owned units as well as the public space at the WorldQuest Resort in Orlando, Florida for $14.8 million ($187,000 per owned unit). The property was unencumbered by debt, and the net proceeds from the sale will be used to pay down the Company's corporate financing.

ASHFORD HOSPITALITY TRUST ANNOUNCES SALE OF WORLDQUEST RESORT ORLANDO FOR $14.8 MILLION

DALLAS , July 19, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report Occupancy of approximately 75% for the second quarter of 2023 with Average Daily Rate of approximately $191 resulting in RevPAR of approximately $144.  This Comparable RevPAR reflects an approximate increase of 7% compared to the second quarter of 2022.

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY SECOND QUARTER 2023 RESULTS

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U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&P 500 advanced 2.4% this week, while the other major equity benchmarks - the Mid-Cap 400 and Small-Cap 600 - gained 3%. Real estate equities- the sector with perhaps the most potential upside from a "soft landing" scenario- were among the leaders for a third straight week. The Equity REIT Index gained 2.9%.

Stick The Soft Landing

DALLAS , July 11, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the third quarter ending September 30, 2023. The dividend, which equates to an annual rate of $2.1125 per share, is payable on October 16, 2023 to stockholders of record as of September 29, 2023.

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2023

Company Makes Strategic Decision to Reduce Leverage and Conserve Cash DALLAS , July 7, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today provided an update on the extensions for its KEYS loan pools, which had an initial maturity date in June 2023. Each of the KEYS loan pools had an extension test that required the hotels secured by each loan to achieve a certain debt yield in order to qualify for the one-year extension.

ASHFORD TRUST PROVIDES UPDATE ON MORTGAGE EXTENSIONS

Ashford common shares have recently scraped all-time lows. The preferred shares now yield over 12%. The bull argument can be summed up in four words, i.e. "mainly property level debt".

Ashford Hospitality's 12% Preferreds: You Can Check Out Any Time You Like

News for Ashford Hospitality Trust Stock (AHT)