Welcome to our dedicated page for Ashford Hospitality Tr news (Ticker: AHT), a resource for investors and traders seeking the latest updates and insights on Ashford Hospitality Tr stock.
Ashford Hospitality Trust, Inc. (NYSE: AHT) is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels in the United States. The AHT news feed on Stock Titan aggregates company press releases and related coverage so readers can follow developments affecting this hotel-focused REIT and its capital structure.
Recent news for Ashford Hospitality Trust highlights several recurring themes. The company reports on hotel portfolio transactions, including agreements to sell specific properties such as Le Pavillon in New Orleans, Residence Inn San Diego Sorrento Mesa, Hilton Houston NASA Clear Lake, and Residence Inn Evansville East. These announcements often explain how asset sales relate to deleveraging the portfolio, improving cash flow after debt service, and reducing future capital expenditure needs.
Another key category of AHT news involves financing and balance sheet actions. Press releases and corresponding 8-K filings describe refinancing of mortgage loans secured by hotels, such as the Renaissance Nashville Hotel, and extensions of loan facilities like the Highland mortgage loan secured by 18 hotels. These items detail loan terms, maturity dates, and interest rate structures, and they illustrate how the company manages its secured debt.
Investors can also track dividend and preferred stock updates, including declarations of quarterly and monthly dividends on multiple preferred series and, more recently, the suspension of preferred dividends to preserve liquidity while the Board evaluates strategic alternatives. Additional news covers earnings release schedules, conference call information, the formation of a Special Committee to review strategic alternatives, and adoption of a Rights Agreement aimed at preserving tax benefits.
By following AHT news on this page, readers can monitor hotel asset sales, refinancing activity, dividend decisions, and governance developments that shape Ashford Hospitality Trust’s hotel REIT strategy over time.
Ashford Hospitality Trust (NYSE: AHT) has completed a 1-for-10 reverse stock split effective October 25, 2024. The split reduced outstanding common shares from approximately 55.2 million to 5.5 million shares. Trading on a split-adjusted basis will commence on October 28, 2024, on the NYSE under the same symbol 'AHT' but with a new CUSIP number. The company also executed a similar 1-for-10 reverse split of Ashford Hospitality Partnership units, reducing them from 2.1 million to approximately 200,000 units.
Ashford Hospitality Trust (NYSE: AHT) has announced a 1-for-10 reverse stock split, effective October 25, 2024. The company's common stock will begin trading on a split-adjusted basis on the New York Stock Exchange on October 28, 2024. This action will reduce the number of outstanding shares from approximately 54.6 million to 5.5 million.
The reverse split aims to raise the per share trading price to regain compliance with the NYSE's minimum $1.00 continued listing requirement. Fractional shares will be rounded down, sold in the open market, and proceeds distributed to stockholders in cash. Ashford Trust will also implement a 1-for-10 reverse split of partnership units in Ashford Hospitality Partnership, reducing units from about 2.1 million to 0.2 million.
Ashford Hospitality Trust (NYSE: AHT) has released its preliminary third quarter 2024 results. The company expects to report an Occupancy rate of approximately 71%, with an Average Daily Rate of approximately $187, resulting in a RevPAR of approximately $132. This represents a 1.6% decrease in Comparable RevPAR compared to Q3 2023.
Monthly RevPAR changes were reported as follows:
- July 2024: +0.3% vs July 2023
- August 2024: -2.1% vs August 2023
- September 2024: -3.0% vs September 2023
Additionally, AHT's Non-Traded Preferred Equity offering, initiated in Q3 2022, has raised approximately $167 million in gross proceeds as of September 30, 2024. The company has 6,158,835 shares of Series J and 526,708 shares of Series K non-traded preferred stock outstanding.
Ashford Hospitality Trust (NYSE: AHT) has declared preferred dividends for the fourth quarter of 2024. The Board of Directors announced dividends for several series of preferred stock:
- Series D: $0.5281 per diluted share
- Series F and G: $0.4609 per diluted share
- Series H and I: $0.46875 per diluted share
- Series J: $0.16667 per share monthly
- Series K: Varying amounts from $0.17083 to $0.17500 per share monthly, depending on CUSIP
All dividends are payable on January 15, 2025, to stockholders of record as of December 31, 2024, except for the monthly dividends which have specific payment and record dates. As of September 30, 2024, there were 6,158,835 shares of Series J and 526,708 shares of Series K Redeemable Preferred Stock outstanding.
Ashford Hospitality Trust (NYSE: AHT) announced plans for a 1-for-10 reverse stock split to maintain its NYSE listing after receiving notice of non-compliance with the $1.00 minimum share price requirement. The company has a six-month cure period to regain compliance by achieving a closing share price of at least $1.00 and a 30-day average closing price of $1.00.
AHT believes the reverse split will benefit shareholders by:
- Continuing NYSE trading
- Increasing market price above the $5 threshold for institutional investors
- Addressing margin limitations on sub-$5 stocks
- Attracting a broader range of investors and analysts
The stock will trade under 'AHT.BC' during the non-compliance period. The notice does not affect business operations, SEC reporting, or trigger debt breaches.
Ashford Hospitality Trust (NYSE: AHT) has announced the dates for its third quarter 2024 earnings release and conference call. The company plans to release its Q3 results after market close on Tuesday, November 5, 2024. A conference call will follow on Wednesday, November 6, 2024, at 11:00 a.m. ET.
Investors can join the interactive teleconference by calling (646) 307-1963. A replay will be available until November 13, 2024, by dialing (609) 800-9909 with confirmation number 4669395. Additionally, a live broadcast of the call will be accessible on the company's website, www.ahtreit.com, with an online replay available for approximately one year.
Ashford Hospitality Trust is a real estate investment trust (REIT) that primarily invests in upper upscale, full-service hotels.
Ashford Inc. announced the passing of W. Michael Murphy, a member of its Board of Directors, on July 24, 2024. Murphy, a distinguished hotel industry veteran, had served on Ashford Inc.'s board since August 2018. His extensive experience included board positions at Braemar Hotels & Resorts (NYSE: BHR) from 2013 to 2015 and Ashford Hospitality Trust (NYSE: AHT) from 2003 to 2013.
Monty J. Bennett, Ashford Inc.'s Chairman and CEO, expressed deep sadness at Murphy's passing, acknowledging his value as both a friend and business leader. The company extended condolences to Murphy's family on behalf of the directors, management, and the entire Ashford Group of Companies.
Ashford Hospitality Trust (NYSE: AHT) announced preferred dividends for the third quarter of 2024. The Series D Cumulative Preferred Stock will receive $0.5281 per share, Series F and G Cumulative Preferred Stock will receive $0.4609 per share, and Series H and I Cumulative Preferred Stock will receive $0.46875 per share. These dividends are payable on October 15, 2024, for stockholders on record as of September 30, 2024.
The Series J Redeemable Preferred Stock will receive $0.16667 per share, and Series K Redeemable Preferred Stock will have varying dividends of $0.17292 and $0.17083 per share, paid monthly from August to October 2024. As of June 30, 2024, there are 5,206,397 Series J and 357,933 Series K shares outstanding.
Ashford Trust is a REIT focused on investing in upper upscale, full-service hotels.
Ashford Hospitality Trust (NYSE: AHT) has announced its preliminary results for Q2 2024. The company reported an occupancy rate of approximately 75%, with an average daily rate (ADR) of $200, resulting in a Revenue Per Available Room (RevPAR) of $150. This marks a 1.4% increase in comparable RevPAR compared to Q2 2023. April 2024 saw a 3.0% increase in comparable RevPAR year-over-year, May 2024 had a 1.4% rise, while June 2024 experienced a slight 0.1% dip. Additionally, Ashford Trust has raised $139 million through the issuance of 5,206,397 shares of its Series J and 357,933 shares of its Series K non-traded preferred stock.
Ashford Hospitality Trust (NYSE: AHT) announced the closure of the sale of One Ocean Resort in Atlantic Beach, Florida.
The sale, which included 193 rooms, will contribute to debt reduction and general corporate purposes. This transaction has lowered the company's net debt to gross assets ratio to 66%, a 400 basis point decrease from earlier this year.
Following this sale, the balance on Ashford's strategic financing stands at $98 million. Additionally, the company has generated $139 million in gross proceeds from the sale of non-traded preferred stock.
Ashford continues to market additional assets at various sales stages.