AHT Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

DALLAS , Sept. 19, 2023 /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, 2023.

Ashford Hospitality Trust Inc. has experienced a 23% drop in value since our previous coverage. The company's preferred shares have similar total returns despite a large quarterly dividend. We tell you why the preferred dividends are likely to continue for some time and the cut will happen too late to use as a signal.

Ashford Hospitality Trust (AHT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Ashford common shares have recently scraped all-time lows. The preferred shares now yield over 12%. The bull argument can be summed up in four words, i.e. "mainly property level debt".

The company's portfolio comprises 100 hotels across 26 states, with Marriott, Hilton, and Hyatt brands contributing to approximately 90% of the FY 2022 EBITDA. The company has a substantial debt burden of approximately $3.8 billion, with $590 million due by the end of 2024 and an additional $2.6 billion due in 2025. The company's current cash on hand is barely sufficient to cover 1 year of interest payments, raising concerns about its financial stability and sustainability.

DALLAS , June 19, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the second quarter ended June 30, 2023. Ashford Trust plans to issue its earnings release for the second quarter after the market closes on Tuesday, August 1, 2023, and will host a conference call on Wednesday, August 2, 2023, at 11:00 a.m.

The REIT sector declined for the 4th consecutive month with a -2.50% total return in May. Small cap REITs (-1.02%) outperformed in May by averaging the most modest negative total returns. Large caps (-4.64%) underperformed their smaller REIT peers. Only 30.38% of REIT securities had a positive total return in May with only 36.65% in the black year to date.

With housebuilders on a sticky wicket at present, amid rising interest rates, demand slowing and inflation putting pressure on costs, a Bellway PLC (LSE:BWY) update could be interesting. With a recent update from a sector peer showing sales slowing again as rising mortgage rates put off potential buyers, shares in the FTSE 250 company have been on the slide.

Ashford Hospitality: After 2 Reverse Stock Splits, Consider The 11.4% Yield Preferreds.