Ashford Hospitality Trust, Inc. (N:AHT)
Business Focus: N/A
Rain as of April 01, 2024
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Latest 10 SEC Form 4 filings for AHT*US within the last 6 months
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Company News
Apr 10, 2024 18:05 ET
ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH CLOSING OF SALE OF THE HILTON BOSTON BACK BAY
DALLAS, April 10, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has closed on the sale of the 390-room Hilton Boston Back Bay in Boston, Massachusetts for $171 million ($438,000 per key). All of the proceeds from the sale were used for debt reduction including approximately $68 million to pay down the Company's strategic financing.
Apr 10, 2024 08:00 ET
ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE SECOND QUARTER OF 2024
DALLAS, April 10, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that its Board of Directors (the "Board") declared a dividend of $0.5281 per diluted share for the Company's 8.45% Series D Cumulative Preferred Stock for the second quarter ending June 30, 2024. The dividend is payable on July 15, 2024, to stockholders of record as of June 28, 2024.
Valuation Ratios
Industry
Sector
Beta
2.18
--
--
Price to Sales - TTM
0.04
1.83
3.46
Price to Book - most recent quarter
--
1.04
1.34
Price to Cash Flow per share - TTM
--
9.11
11.93
Price to Free Cash Flow per share - TTM
--
28.65
24.38
Business Summary
| Sector: N/A | Industry: N/A |
Ashford Hospitality Trust, Inc. is a real estate investment trust (REIT). The Company's portfolio consists of upscale hotels and upper upscale full-service hotels. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). The Company's hotel properties are primarily branded under the brands of Hilton, Hyatt, Marriott and Intercontinental Hotel Group. The Company operates through one segment: direct hotel investments. The Company's portfolio consists of 90 hotels with 20,549 rooms. It owns a 15.1 % ownership in OpenKey, Inc. The Company owns four consolidated operating hotel properties, which represent 405 total rooms owned through a 99.4% ownership interest in Stirling REIT OP, LP (Stirling OP). The Company also has an investment in an entity that owns the Meritage Resort and Spa and the Grand Reserve at the Meritage (the Meritage Investment) in Napa, California.
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