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Ashford Hospitality Trust Inc - AHT STOCK NEWS

Welcome to our dedicated news page for Ashford Hospitality Trust (Ticker: AHT), a resource for investors and traders seeking the latest updates and insights on Ashford Hospitality Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ashford Hospitality Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ashford Hospitality Trust's position in the market.

News
ASHFORD HOSPITALITY TRUST ANNOUNCES CEO SUCCESSION PLAN
Rhea-AI Summary
Ashford Hospitality Trust, Inc. announces CEO succession plan as Rob Hays steps down after 20 years of service, to be succeeded by Stephen Zsigray. Zsigray, currently Senior VP of Corporate Finance & Strategy, will take over as President and CEO on June 30, 2024. Hays will assist in the transition and pursue new business opportunities outside of real estate. Board expresses gratitude to Hays for his dedication and confidence in Zsigray's leadership abilities.
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ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH CLOSING OF SALE OF THE HILTON BOSTON BACK BAY
Rhea-AI Summary
Ashford Hospitality Trust, Inc. (NYSE: AHT) has successfully closed the sale of the Hilton Boston Back Bay for $171 million, utilizing the proceeds for debt reduction. The Company paid down approximately $68 million of its strategic financing, leaving a remaining balance of $112 million. Ashford Trust plans to continue making regular paydowns with proceeds from asset sales, aiming to reduce debt further. The Company remains optimistic about its ongoing asset sales and looks forward to providing more updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.71%
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ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE SECOND QUARTER OF 2024
Rhea-AI Summary
Ashford Hospitality Trust, Inc. (AHT) declares dividends for various series of preferred stocks for the second quarter ending June 30, 2024. The dividends range from $0.4609 to $0.5281 per diluted share and are payable on July 15, 2024. As of March 31, 2024, there were 4,353,135 shares of Series J Redeemable Preferred Stock and 262,060 shares of Series K Redeemable Preferred Stock issued and outstanding.
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0.72%
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ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER 2024 RESULTS
Rhea-AI Summary
Ashford Hospitality Trust, Inc. (NYSE: AHT) expects to report an Occupancy of 67% for Q1 2024 with an Average Daily Rate of $191, resulting in a RevPAR of $128. Comparable RevPAR saw a 1% decrease compared to Q1 2023. The company experienced a 2.1% increase in January 2024 but a decrease in February and March 2024. Ashford Trust remains optimistic due to increased demand and progress in deleveraging.
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End-of-Day
1.46%
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earnings
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ASHFORD TRUST SETS FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES
Rhea-AI Summary
Ashford Hospitality Trust, Inc. (AHT) announced the release of its first-quarter results for March 31, 2024. The earnings release is scheduled for May 7, 2024, with a conference call on May 8, 2024, at 11:00 a.m. ET. Ashford Trust focuses on upper upscale, full-service hotels as a real estate investment trust (REIT).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
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earnings
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ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN DELEVERAGING PLAN WITH SALE OF THE RESIDENCE INN SALT LAKE CITY
Rhea-AI Summary
Ashford Hospitality Trust, Inc. (AHT) announced the sale of the Residence Inn in Salt Lake City for $19.2 million, reflecting a 4.6% capitalization rate on 2023 net operating income. The proceeds were used to pay down debt, with future updates on more asset sales expected.
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Rhea-AI Sentiment
End-of-Day
-4.08%
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ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH AGREEMENT TO SELL THE HILTON BOSTON BACK BAY
Rhea-AI Summary
Ashford Hospitality Trust, Inc. (NYSE: AHT) has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay for $171 million. The sale is expected to be completed in March, with net proceeds of approximately $70 million. The sale price represents a 7.3% capitalization rate on 2023 net operating income or 12.3x 2023 Hotel EBITDA. The Company plans to use the proceeds for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.43%
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ASHFORD HOSPITALITY TRUST PROVIDES UPDATE ON PLAN TO PAY OFF STRATEGIC FINANCING
Rhea-AI Summary
Ashford Hospitality Trust, Inc. (AHT) provides an update on its plan to pay off strategic financing by raising capital through asset sales, mortgage debt refinancings, and preferred capital offering. The company has six assets under agreements with a total value exceeding $220 million. However, there are no assurances that these sales will be completed.
Rhea-AI Impact
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End-of-Day
-0.64%
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ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN DELEVERAGING PLAN WITH AGREEMENT TO SELL THE RESIDENCE INN SALT LAKE CITY
Rhea-AI Summary
Ashford Hospitality Trust, Inc. (AHT) announced the sale of Residence Inn in Salt Lake City for $19.2 million, expected to close in early March. The sale represents a 4.6% capitalization rate on 2023 net operating income. Proceeds will be used to pay down debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.71%
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ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FOURTH QUARTER AND YEAR END RESULTS FOR 2023
Rhea-AI Summary
Ashford Hospitality Trust, Inc. (AHT) reported a preliminary net loss for the fourth quarter and full year ended December 31, 2023, with an increase in Comparable RevPAR of 1.5%. Adjusted EBITDAre and Adjusted FFO estimates were also provided. The Company uses non-GAAP measures to enhance operational result understanding. Final results for the fourth quarter will be released on February 28, 2024.
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Rhea-AI Sentiment
End-of-Day
1.8%
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Stock AHT logo
Ashford Hospitality Trust Inc

NYSE:AHT

AHT Rankings

#4679 Ranked by Market Cap
#5246 Ranked by Stock Gains
N/A Ranked by Dividends

AHT Stock Data

57.87M
39.14M
1.48%
29.73%
6.99%
Other Financial Vehicles
Finance and Insurance
Link
United States
Dallas

About AHT

ashford hospitality trust, inc., together with its subsidiaries (“ashford”), is a self-advised real estate investment trust (“reit”) focused on investing in the hospitality industry across all segments and in all methods including direct real estate, securities, equity, and debt. we commenced operations in august 2003 with the acquisition of six hotels in connection with our initial public offering. we own our lodging investments and conduct our business through ashford hospitality limited partnership, our operating partnership. ashford op general partner llc, a wholly-owned subsidiary of ashford, serves as the sole general partner of our operating partnership. our strategy is to invest opportunistically in the hospitality industry in upper upscale, full service hotels and at all levels of the capital structure primarily within the united states. we target assets that are anticipated to generate revpar below twice the current u.s. average revpar for all hotels as determined by smith tr