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DALLAS, March 26, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the first quarter ended March 31, 2024. Ashford Trust plans to issue its earnings release for the first quarter after the market closes on Tuesday, May 7, 2024, and will host a conference call on Wednesday, May 8, 2024, at 11:00 a.m.
Hotel REITs experienced a significant drop in share value during the COVID-19 pandemic but have since recovered and outperformed the Vanguard Real Estate ETF. Consumer spending is shifting towards services like travel and leisure, which bodes well for Hotel REITs. Hotel REITs have posted the fourth-best total returns among REIT sectors in 2024, indicating their potential for future growth.
Ashford Hospitality Trust, Inc. (AHT) Q4 2023 Earnings Call Transcript
The headline numbers for Ashford Hospitality Trust (AHT) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Get a deeper insight into the potential performance of Ashford Hospitality Trust (AHT) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
DALLAS , Dec. 27, 2023 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced details for the release of its results for the fourth quarter ended December 31, 2023. Ashford Trust plans to issue its earnings release for the fourth quarter after the market closes on Wednesday, February 28, 2024, and will host a conference call on Thursday, February 29, 2024, at 11:00 a.m.
Ashford Hospitality Trust has faced significant challenges due to Covid, resulting in massive equity dilution and a 99% loss in value over the past 5 years. However, AHT's Q3 RevPAR has now surpassed pre-Covid levels, indicating a recovery in the hotel sector. AHT still faces major challenges, including high interest rates, an expensive loan from Oaktree, and the need for capital spending to modernize hotel properties.
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 Hospitality Trust, Inc. (NYSE:AHT ) Q3 2023 Results Conference Call November 8, 2023 11:00 AM ET Company Participants Jordan Jennings - Director of Investor Relations Robison Hays - President and Chief Executive Officer Deric Eubanks - Chief Financial Officer Christopher Nixon - Executive Vice President and Head of Asset Management Conference Call Participants Bryan Maher - B. Riley Securities Jonathan Jenkins - Oppenheimer Michael Bellisario - Robert W.
The headline numbers for Ashford Hospitality Trust (AHT) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.