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Tag: AHT stock price

  • What Is Driving The AHT Stock Higher In Premarket Trades?

    Shares of Ashford Hospitality Trust Inc. (AHT) were up 1.81% at $2.25 as of the last pre-market check. Ashford Trust stock closed last session at $2.21, down -4.74% or $0.11. AHT stock traded between $2.19 and $2.44 during the recent session. Shares of AHT stock exchanged hands for a total of 22.37 million, less than the company’s 50-day daily volume of 42.58 million and on par with its year-to-date volume of 22.49 million shares.

    AHT stock has slipped -65.14% in the past year and decreased -6.75% in the last quarter. In the last six months, AHT stock has decreased by -6.75 percent, and in the last week by -44.19%. There is a possibility that recent developments regarding the AHT will provide additional information about the stock since the AHT stock rose when there was no recent news.

    Have there been any recent developments at AHT?

    The Ashford Trust is a real estate investment trust (REIT) specializing in the ownership of upper upscale, full-service hotels.

    According to Ashford Trust’s preliminary RevPAR for June 2021, the figure was approximately $91.27.

    • AHT’s current RevPAR is an increase of 256% as compared to June 2020 and a decline of 37% as compared to June 2019.
    • Based on AHT’s RevPAR of $75.66 for May 2021, this represents an approximate increase of 414% over May 2020 and a decline of 47% over May 2019.
    • The RevPAR reported by AHT represents an approximate increase of 624% compared to its April 2020 RevPAR, and a decline of 53% compared to its $67.52 RevPAR for April 2021.
    • The RevPAR for all properties in AHT’s portfolio should increase by a maximum of 372% in 2021 compared to 2020 and will drop by a maximum of 46% compared to 2019.
    • Pent-up leisure demand explains the improved preliminary RevPAR results for the second quarter.
    • In addition to its geographically diverse portfolio of properties, with a large portion of its business coming from transient leisure clients, AHT believes it is well-positioned to take advantage of the recovery trends.

    AHT will undertake a reverse split:

    The Ashford Trust (AHT) Board of Directors also unanimously approved this month a reverse stock split at a ratio of 1-for-10. The Company’s common stock will be automatically converted into 1/10th of a share of AHT’s common stock upon the reverse stock splits effective date.

    On July 19, 2021, AHT’s stock will begin trading on the New York Stock Exchange on the split-adjusted basis, and the reverse stock split will become effective as of business close on July 16, 2021. AHT’s Board of Directors approved the foregoing actions in accordance with Maryland General Corporation Law, so stockholder approval was not necessary.

  • What Has Been Hurting AHT Stock In Premarket Session?

    What Has Been Hurting AHT Stock In Premarket Session?

    At last check, Ashford Hospitality Trust Inc. (AHT) shares were down -3.64% at $5.3 in premarket trading. Tuesday’s closing price for Ashford Trust stock was $5.50, down -9.54% from Monday’s closing price.

    Volume for AHT stock was 35.35 million shares, which was higher than the average daily volume of 34.16 million shares over the past 50 days. Following the CEO’s appearance on a TV show, AHT stock plunged.

    What did CEO discuss?

    Ashford Trust is a highly diversified real estate investment trust (REIT), which invests primarily in full-service luxury hotels.

    Ashford Trust announced on Tuesday that its President and CEO, Rob Hays, appeared yesterday on CW33’s program “Morning After”.

    In that interview with Dallas-based local television station KRLD, Hays discussed several topics, including:

    • The geographical spread of Ashford Trust’s hotel portfolio,
    • The transient market Ashford Trust serves, and
    • The role leisure travelers play in the recovery of the hotel industry.

    The interview included a discussion on how AHT’s CEO is engaging with the investment community on Twitter via the handle @aht_rob. Anchondo and Corning hosted the appearance for CW33’s Morning After. The video of the interview can be viewed here: https://cw33.com/video/rob-hays-interview/6717937.

    AHT’s financial standing:

    Within the last week, Ashford Trust (AHT) shares fell by -12.28%, following a drop of -39.93% over the past 12 months. AHT stock has gained 60.35% over the past three months, and 41.75% over the past six months. Further, the AHT stock has an outstanding share count of 120.94 million, and has a market cap of $823.90 million.

  • Why Ashford Hospitality Trust, Inc. (AHT) stock was high on Friday’s aftermarket?

    Shares of Ashford Hospitality Trust, Inc. (AHT) stock were high in the after-market session on Friday 16, 2021 after closing with $1.92 per share in the last trade. AHT stock price saw a push of 6.77% to reach $2.05 a share in the late hours of Friday. This rise is not attributed to any particular activity of the AHT. Let’s deep dive to explore more of it.

    What’s happening?

    There is no specific news related to AHT that might explain its rise in the after-market session. No recent upgrades of AHT stock have been done by the analysts to support the bullish sentiment. The recent announcement made by AHT was on March 25, 2021, in which Ashford stock announced that it would release the earnings of the first quarter ended on March 31, 2021, on Tuesday, May 4, 2021, after the closing of the market.AHT will host the conference call on Wednesday, May 5, 2021, at 12:00 p.m. ET.

    Previous Earnings Results:

    On February 25, 2021, AHT stock did announce its fourth quarter and full-year 2020 financial results the summary of which is given below.

    • AHT stock suffered a net loss of $70.5 million or$2.29 per diluted share related to its common stockholders in the fourth quarter of 2020. The full-year net loss of AHT was $520.5 million or $33.00 per diluted share related to its common stockholders.
    • Revenue per available room (RevPAR) reduced to $35.70 in the fourth quarter with decreasing percentage of 70.1 as compared to the same quarter of the prior year.
    • $23.1 million adjusted EBIDTA was recorded by AHT in the fourth quarter while it was $54.9 million for the full year 2020.
    • As of December 31, 2020, AHT stock had cash and cash equivalents of $92.9 million and restricted cash of $74.4 million.

    Forbearance agreements by AHT stock:

    During the fourth quarter, AHT stock signed many forbearance agreements which include forbearance agreement on its $98 million Hilton Boston Back Bay mortgage loan, forbearance agreements on its $52 million mortgage loan of 7 hotels, and forbearance agreements on its KEYS Loan Pools that represents 34 hotels and $1.2 billion debt.

    Strategic Financing:

    On January 15, 2021, AHT did an announcement of closing its strategic financing with Oaktree Capital Management, L.P pursuant to which 200 million financings on closing were drew down by the AHT with the option of drawdown of an additional $250 million in case of need.

    Conclusion:

    AHT price was up in the late hours of previous trade despite the absence of any particular activity by the Ashford Hospitality Trust. The previous financial results showed that the previous year was difficult for AHT stock. Upcoming results of the first quarter of 2021 would decide the fate of AHT stock.