Ashford Hospitality Tr Inc Stock Price, News & Analysis

Ashford Securities LLC, a subsidiary of Ashford Inc. (NYSE: AINC), has successfully closed its offering of Series E & M Redeemable Preferred Stock for Braemar Hotels & Resorts Inc. (NYSE: BHR), raising $460 million. C. Jay Steigerwald III, President of Ashford Securities, praised the team's efforts in creating a strong platform for investment. This capital will support further fundraising for Ashford Hospitality Trust, Inc. (NYSE: AHT) through upcoming Series J & K offerings. Ashford Securities aims to continue leveraging its relationships with broker-dealers and RIAs to enhance capital acquisition in the real estate and hospitality sectors.

Ashford Hospitality Trust (AHT) declared dividends for its preferred stocks for Q1 2023. The Board announced a dividend of $0.5281 per share for Series D, payable April 17, 2023. Series F and Series G each received a dividend of $0.4609 per share. Series H and Series I also each declared a dividend of $0.46875 per share. Additionally, monthly cash dividends for Series J and K are set at $0.50 and $0.5125 respectively. All dividends are payable to stockholders of record as of March 31, 2023.

Ashford Hospitality Trust (AHT) reported an expected occupancy rate of approximately 68% for Q4 2022, with an average daily rate of $175, resulting in a RevPAR of about $118. This figure represents a 25% increase from Q4 2021, though it is about 1% lower than Q4 2019. December 2022's RevPAR remained stable compared to December 2019, while November and October saw slight declines of 2% and 1%, respectively. CEO Rob Hays expressed confidence in the company’s diverse portfolio and positive market demand.

Ashford Hospitality Trust (NYSE: AHT) announced the release of its fourth-quarter earnings for the period ending December 31, 2022. The earnings release is scheduled for February 21, 2023, after market close. A conference call to discuss the results will take place on February 22, 2023, at 11:00 a.m. ET. Interested parties can join the call by dialing (201) 389-0920, with a replay available until March 1, 2023. The live broadcast will be accessible on the company’s website.

Ashford Hospitality Trust (AHT) successfully refinanced its $37 million mortgage loan for the Le Pavillon Hotel in New Orleans, extending the maturity date and maintaining the loan amount. The new loan features a two-year initial term with three potential one-year extensions, at a floating interest rate of SOFR + 4.00%, with a 0.50% floor. CEO Rob Hays expressed satisfaction with securing this financing despite challenging market conditions.

Ashford Hospitality Trust (AHT) announced its preliminary financial results for Q3 2022, projecting a net loss of approximately $(26.2) million to $(24.2) million, translating to $(0.76) to $(0.70) per share. Adjusted EBITDAre is estimated between $81.1 million and $83.1 million, with Adjusted FFO anticipated at $18.0 million to $20.0 million. For the nine months ended September 30, 2022, the net loss is estimated between $(94.0) million and $(92.0) million, or $(2.74) to $(2.68) per share. Final results will be disclosed on November 1, 2022.

Ashford Hospitality Trust (AHT) reported an expected occupancy rate of 71% for Q3 2022 and an average daily rate (ADR) of approximately $179, resulting in a RevPAR of $127. This RevPAR marks a 29% increase from Q3 2021 but a 4% decline from Q3 2019. September 2022 saw a 0.4% increase in RevPAR compared to September 2019, signaling a potential recovery in demand. CEO Rob Hays expressed optimism regarding the company’s diverse portfolio and market positioning as they head into Q4 and 2023.

Ashford Hospitality Trust (NYSE: AHT) has declared dividends for its various Series of Cumulative Preferred Stock for Q4 2022. The dividends include $0.5281 per share for Series D, $0.4609 for Series F and G, and $0.46875 for Series H and I, all payable on January 17, 2023. The company also announced monthly cash dividends for Series J ($0.50 total quarterly) and Series K ($0.5125 total quarterly) Preferred Stocks, with payments scheduled throughout the quarter. These moves signify Ashford Trust's commitment to returning value to shareholders amidst market uncertainties.

Ashford Hospitality Trust (NYSE: AHT) declared several dividends for the third quarter of 2022, payable on October 17, 2022. These include $0.5281 per share for Series D, $0.4609 for Series F and G, and $0.46875 for Series H and I, all equivalent to annual rates of $2.1125, $1.8438, and $1.875 respectively. Additionally, the Company announced monthly cash dividends of $0.1666 and $0.1708 for Series J and K, reflecting annual rates of $2.00 and $2.05. Stockholders of record as of September 30, 2022, will receive these payments.