Ashford Hospitality Trust Q1 2024 FFO $(0.35) Misses $(0.21) Estimate, Sales $303.896M Miss $312.933M Estimate

5/7/24 4:29:18 PM ET

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Ashford Hospitality Trust (NYSE:AHT) reported quarterly losses of $(0.35) per share which missed the analyst consensus estimate of $(0.21) by 66.67 percent. The company reported quarterly sales of $303.896 million which missed the analyst consensus estimate of $312.933 million by 2.89 percent. This is a 7.60 percent decrease over sales of $328.886 million the same period last year.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
4/22/2022	$10.00	Perform	Oppenheimer
3/7/2022	$17.00 → $11.00	Neutral	B. Riley Securities

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Ashford Hospitality Trust Has Closed On The Sale Of Springhill Suites And The Fairfield Inn Located In Kennesaw, Georgia For $17.5M
Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 90-room SpringHill Suites and the 86-room Fairfield Inn located in Kennesaw, Georgia for $17.5 million. The sale price represented a 4.8% capitalization rate on trailing 12-month net operating income through April 2024. The hotels were encumbered with a mortgage loan that had an outstanding balance of approximately $10.8 million. All remaining proceeds from the sale will be used for general corporate purposes, including the pay down of the Company's strategic financing.Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing pre
6/13/24 8:09:50 AM ET
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Ashford Hospitality Trust Signs Definitive Deal To Sell The 193-Room One Ocean Resort In Atlantic Beach, Florida For $87M ($451,000 Per Key)
The company also closed on the sale of the 90-room Courtyard located in Manchester, Connecticut for $8.0 million.
6/3/24 5:17:15 PM ET
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Shareholder Blackwells Capital Forces Ashford Hospitality Trust's Chairman Monty J. Bennett And Director Kamal Jafarnia To Resign
Remaining Directors Narrowly Elected by Pitifully Low Percentages Stockholders Deliver Clear Mandate for ChangeNEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital, an owner of 1,000 shares of Ashford Hospitality Trust, Inc. ("Ashford" or the "Company") (NYSE:AHT), announced today that directors Monty J. Bennett and Kamal Jafarnia failed to receive the requisite number of votes required for re-election to the Company's Board of Directors (the "Board") at the Company's 2024 annual meeting of stockholders (the "2024 Annual Meeting") and were forced to tender their resignations. The Company's remaining nominees were narrowly re-elected by disturbingly low numbers.Blackwells achieved th
5/15/24 4:06:15 PM ET
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ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE FOURTH QUARTER OF 2024
DALLAS, Oct. 7, 2024 /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, 2024. The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series F Cumulative Preferred Stock for the fourth quarter ending December 31, 2024. The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Bo
10/7/24 4:25:00 PM ET
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ASHFORD TRUST SETS THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES
DALLAS, Aug. 29, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2024. Ashford Trust plans to issue its earnings release for the third quarter after the market closes on Tuesday, November 5, 2024 and will host a conference call on Wednesday, November 6, 2024, at 11:00 a.m. ET. The number to call for this interactive teleconference is (646) 307-1963. A replay of the conference call will be available through Wednesday, November 13, 2024, by dialing (609) 800-9909 and entering the confirmation number, 4669395. The live broadcast of Ashford Trust's
8/29/24 4:00:00 PM ET
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ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2024
DALLAS, July 11, 2024 /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, 2024. The dividend is payable on October 15, 2024, to stockholders of record as of September 30, 2024. The Board declared a dividend of $0.4609 per diluted share for the Company's 7.375% Series F Cumulative Preferred Stock for the third quarter ending September 30, 2024. The dividend is payable on October 15, 2024, to stockholders of record as of September 30, 2024. The
7/11/24 4:25:00 PM ET
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ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS 'ACTIVIST' BLACKWELLS EFFORTS THWARTED
DALLAS, May 14, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") is pleased to report estimated preliminary results of its 2024 Annual Meeting of Stockholders and noted that Blackwells Capital LLC's ("Blackwells") attempted withhold proxy campaign had no meaningful impact on its outcome. Based on estimated preliminary results, only 7% of outstanding shares voted on the Blackwells proxy card. At today's Annual Meeting of Stockholders, based on the estimated preliminary results, Ashford Trust's stockholders elected seven nominees to the Board of Directors for one-year terms including Amish Gupta, J. Robison Hays, III, David W. Johnson, Frederi
5/14/24 8:25:00 PM ET
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ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON STATUS OF LOAN POOLS
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, AZEmbassy Suites Walnut Creek – Walnut Creek, CAMarriott Bridgewater – Bridgewater, NJMarriott Research Triangle Park – Durham, NCW 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 th
12/4/23 6:10:00 PM ET
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Ashford Announces Retirement Of Robert Haiman And Appointment Of Alex Rose As General Counsel
DALLAS, June 30, 2021 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that Robert Haiman, Executive Vice President, General Counsel and Secretary, will retire on June 30 after a career spanning nearly 17 years at Ashford and Remington. The Company has appointed Mr. Alex Rose as Executive Vice President, General Counsel and Secretary as his successor effective July 1, 2021. To ensure a seamless transition, Mr. Haiman will provide support to the Company on a consulting basis for 3 years. Mr. Rose will also serve as General Counsel for Ashford Hospitality Trust (NYSE:AHT) and Braemar Hotels & Resorts (NYSE:BHR). Jeremy Welter, Ashford's President and Chi
6/30/21 8:00:00 AM ET
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ASHFORD HOSPITALITY TRUST ANNOUNCES CONVERSION OF LE PAVILLON NEW ORLEANS TO MARRIOTT'S TRIBUTE PORTFOLIO
DALLAS, Nov. 21, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today the conversion of its 226-room Le Pavillon 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. The property recently completed a $19 million renovation which included extensive exterior work, upgrading the restaurant, guestrooms, guest bathrooms, corridors as well as a reimagined hotel lobby bar. The new lobby bar, Bar 1803, dra
11/21/24 4:30:00 PM ET
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ASHFORD HOSPITALITY TRUST ANNOUNCES MODIFICATION FOR MORTGAGE LOAN
DALLAS, Nov. 12, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that it has successfully entered into a 90-day forbearance period for its Morgan Stanley Pool loan secured by 17 hotels. The loan had a final maturity date of November 9, 2024. The Company is in active discussions with the lender regarding a multi-year extension of the loan and expects to have that finalized during the 90-day period. "We are currently in active discussions with lenders regarding extensions and refinancings on several of our loans," commented Stephen Zsigray, Ashford Trust's President and Chief Executive Officer. "We have now also reduced the ba
11/12/24 8:00:00 AM ET
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ASHFORD HOSPITALITY TRUST ANNOUNCES REFINANCING OF MORTGAGE LOAN SECURED BY THE MARRIOTT CRYSTAL GATEWAY
DALLAS, Nov. 7, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") announced today that it has successfully refinanced its mortgage loan secured by the 703-room Marriott Crystal Gateway Hotel located in Arlington, Virginia, which had a final maturity date in November 2026. The new, non-recourse loan totals $121.5 million and has a three-year initial term with two one-year extension options, subject to the satisfaction of certain conditions. The loan is interest only and provides for a floating interest rate of SOFR + 4.86%. The refinancing resulted in approximately $31 million of excess proceeds that will be used to pay down the Company's str
11/7/24 8:00:00 AM ET
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Ashford Hospitality Trust Q1 2024 FFO $(0.35) Misses $(0.21) Estimate, Sales $303.896M Miss $312.933M Estimate

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Recent Analyst Ratings for $AHT

$AHT SEC Filings

Ashford Hospitality Trust Inc filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

Ashford Hospitality Trust Inc filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Ashford Hospitality Trust Inc

$AHT Market Insights

Live Market Insights

Ashford Hospitality Trust Has Closed On The Sale Of Springhill Suites And The Fairfield Inn Located In Kennesaw, Georgia For $17.5M

Ashford Hospitality Trust Signs Definitive Deal To Sell The 193-Room One Ocean Resort In Atlantic Beach, Florida For $87M ($451,000 Per Key)

Shareholder Blackwells Capital Forces Ashford Hospitality Trust's Chairman Monty J. Bennett And Director Kamal Jafarnia To Resign

$AHT Financials

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ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE FOURTH QUARTER OF 2024

ASHFORD TRUST SETS THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE THIRD QUARTER OF 2024

$AHT Insider Trading

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President and CEO Zsigray Stephen was granted 509,000 shares, increasing direct ownership by 47,043% to 510,082 units (SEC Form 4)

New insider Zsigray Stephen claimed ownership of 1,082 shares (SEC Form 3)

SEC Form 4 filed by Tallis Alan

$AHT Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Ashford Hospitality Trust Inc

Amendment: SEC Form SC 13G/A filed by Ashford Hospitality Trust Inc

Amendment: SEC Form SC 13G/A filed by Ashford Hospitality Trust Inc

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$AHT Leadership Updates

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Oppenheimer initiated coverage on Ashford Hospitality Trust with a new price target

B. Riley Securities reiterated coverage on Ashford Hospitality Trust with a new price target

Robert W. Baird resumed coverage on Ashford Hospitality Trust

ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY RESULTS OF ITS 2024 ANNUAL MEETING OF STOCKHOLDERS 'ACTIVIST' BLACKWELLS EFFORTS THWARTED

ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON STATUS OF LOAN POOLS

Ashford Announces Retirement Of Robert Haiman And Appointment Of Alex Rose As General Counsel

$AHT Press Releases

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ASHFORD HOSPITALITY TRUST ANNOUNCES CONVERSION OF LE PAVILLON NEW ORLEANS TO MARRIOTT'S TRIBUTE PORTFOLIO

ASHFORD HOSPITALITY TRUST ANNOUNCES MODIFICATION FOR MORTGAGE LOAN

ASHFORD HOSPITALITY TRUST ANNOUNCES REFINANCING OF MORTGAGE LOAN SECURED BY THE MARRIOTT CRYSTAL GATEWAY

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