Streetbeat News

AHT

Ashford Hospitality Trust, Inc.

https://www.ahtreit.com

Industry

REIT - Hotel & Motel

Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.

Open

9.47

Mkt cap

54M

Volume

28K

High

9.74

P/E Ratio

0.43

52-wk high

24.90

Low

9.33

Div yield

N/A

52-wk low

5.20

Blackwells Capital has successfully forced the resignation of Ashford Hospitality Trust's Chairman Monty J. Bennett and Director Kamal Jafarnia after they failed to secure enough votes for re-election. The remaining directors were narrowly re-elected by low percentages, indicating a clear mandate for change from stockholders.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:06 pm

Braemar Hotels & Resorts Inc. (NYSE:BHR) announced that Blackwells Capital LLC's proxy campaign at Ashford Hospitality Trust, Inc. (NYSE:AHT) was unsuccessful, with only 7% of shares voting on the Blackwells proxy card. Ashford Trust confirmed that seven of its nine nominees received a majority of votes, and the remaining two were re-appointed by the Board.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:31 am

Ashford Hospitality Trust (AHT) reported Q1 2024 FFO of $(0.35) per share, missing the $(0.21) estimate, and sales of $303.896M, below the $312.933M estimate. This represents a 7.60% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:29 pm

Ashford Hospitality Trust, Inc. (AHT) announced preliminary Q1 2024 financial results, expecting net income of $66.4M-$68.4M, or $0.59-$0.61 per share, and Adjusted EBITDAre of $58.5M-$60.5M. However, Adjusted FFO is projected to be negative, ranging from $(14.7)M to $(12.7)M. Final Q1 results will be released on May 7, 2024. The company emphasizes the use of non-GAAP measures alongside GAAP presentations for a better understanding of operational results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 10:48 pm

Ashford Hospitality Trust announced that Rob Hays, the current President and CEO, will step down on June 30, 2024. Stephen Zsigray, currently the Senior Vice President of Corporate Finance & Strategy, has been named as his successor.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:28 pm

Ashford Hospitality Trust has successfully completed the sale of the Hilton Boston Back Bay for $171 million, utilizing all proceeds for debt reduction, including a $68 million payment towards the company's strategic financing.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 6:02 am

Ashford Hospitality Trust reported its preliminary Q1 2024 occupancy rate at approximately 67%, with an average daily rate of around $191, leading to a Revenue per Available Room (RevPAR) of about $128. This represents a 1% decrease in RevPAR year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:25 pm

Ashford Hospitality Trust has entered into an agreement to sell the Hilton Boston Back Bay for $171 million. This move is part of their strategic financial management and asset optimization efforts.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:17 pm

The article lists companies scheduled to report their earnings on February 28, 2024, including their expected earnings per share and revenue. It covers a wide range of sectors and provides a comprehensive overview of the financial performance expectations for these companies.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 11:24 am

Ashford Hospitality Trust, Inc. (AHT) is advancing its plan to pay off its strategic financing by January 2026 through asset sales, mortgage debt refinancings, and capital offerings. The company has agreements for the sale of six assets totaling over $220 million and is in various stages of marketing additional assets. This is part of AHT's broader strategy to manage its financing obligations.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 1:17 pm

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