ashford hospitality trust, inc., together with its subsidiaries (“ashford”), is a self-advised real estate investment trust (“reit”) focused on investing in the hospitality industry across all segments and in all methods including direct real estate, securities, equity, and debt. we commenced operations in august 2003 with the acquisition of six hotels in connection with our initial public offering. we own our lodging investments and conduct our business through ashford hospitality limited partnership, our operating partnership. ashford op general partner llc, a wholly-owned subsidiary of ashford, serves as the sole general partner of our operating partnership. our strategy is to invest opportunistically in the hospitality industry in upper upscale, full service hotels and at all levels of the capital structure primarily within the united states. we target assets that are anticipated to generate revpar below twice the current u.s. average revpar for all hotels as determined by smith tr
Company profile
Ticker
AHT, AHT+D, AHT+G
Exchange
Website
CEO
James Robison Hays
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
815 Commerce Construction Manager LLC • 815 Commerce LLC • 815 Commerce Managing Member LLC • 815 Commerce Master Tenant LLC • AH Tenant Corporation • AHT SMA GP, LLC • AHT SMA, LP • AMM Borrower Parent LLC • AMM Lessee Parent LLC • Annapolis Hotel GP LLC ...
IRS number
861062192
AHT stock data
Latest filings (excl ownership)
8-K
Ashford Hospitality Trust Announces Ceo Succession Plan
18 Apr 24
8-K
Ashford Hospitality Trust Announces Progress
10 Apr 24
8-K
Other Events
10 Apr 24
8-K
Ashford Trust Declares Preferred Dividends
9 Apr 24
PREC14A
Preliminary proxy with contested solicitation
9 Apr 24
8-K
Ashford Hospitality Trust Announces Preliminary
8 Apr 24
ARS
2023 FY
Annual report to shareholders
1 Apr 24
DEFA14A
Additional proxy soliciting materials
28 Mar 24
DEF 14A
Definitive proxy
28 Mar 24
10-K
2023 FY
Annual report
14 Mar 24
Transcripts
AHT
Earnings call transcript
2023 Q4
29 Feb 24
AHT
Earnings call transcript
2023 Q3
8 Nov 23
AHT
Earnings call transcript
2023 Q2
2 Aug 23
AHT
Earnings call transcript
2023 Q1
2 May 23
AHT
Earnings call transcript
2022 Q4
22 Feb 23
AHT
Earnings call transcript
2022 Q3
2 Nov 22
AHT
Earnings call transcript
2022 Q2
3 Aug 22
AHT
Earnings call transcript
2022 Q1
4 May 22
AHT
Earnings call transcript
2021 Q4
24 Feb 22
AHT
Earnings call transcript
2021 Q3
27 Oct 21
Latest ownership filings
4
J Robison Hays III
19 Mar 24
4
Deric S Eubanks
19 Mar 24
4
MARK NUNNELEY
8 Mar 24
4
J Robison Hays III
8 Mar 24
4
Deric S Eubanks
8 Mar 24
4
Monty J Bennett
8 Mar 24
SC 13G/A
VARDE PARTNERS INC
13 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
9 Feb 24
SC 13G
CastleKnight Master Fund LP
5 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 356.08 mm | 356.08 mm | 356.08 mm | 356.08 mm | 356.08 mm | 356.08 mm |
Cash burn (monthly) | 20.98 mm | 23.46 mm | 21.44 mm | 11.12 mm | (no burn) | (no burn) |
Cash used (since last report) | 140.02 mm | 156.56 mm | 143.10 mm | 74.24 mm | n/a | n/a |
Cash remaining | 216.05 mm | 199.51 mm | 212.98 mm | 281.83 mm | n/a | n/a |
Runway (months of cash) | 10.3 | 8.5 | 9.9 | 25.3 | n/a | n/a |
Institutional ownership, Q3 2023
37.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 66 |
Opened positions | 7 |
Closed positions | 17 |
Increased positions | 17 |
Reduced positions | 28 |
13F shares | Current |
---|---|
Total value | 26.05 bn |
Total shares | 14.87 mm |
Total puts | 104.00 k |
Total calls | 174.40 k |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Varde Partners | 2.43 mm | $0.00 |
Varde Management | 2.18 mm | $5.20 bn |
Vanguard | 1.86 mm | $4.46 bn |
Fort Congress Associates | 1.32 mm | $3.41 mm |
Charles Schwab Investment Management | 1.26 mm | $3.01 bn |
CastleKnight Management | 1.01 mm | $2.42 bn |
Aqr Capital Management | 669.21 k | $1.60 bn |
BLK Blackrock | 567.64 k | $1.36 bn |
Dimensional Fund Advisors | 432.78 k | $1.03 bn |
STT State Street | 410.94 k | $982.16 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Hays J Robison III | Common Stock | Payment of exercise | Dispose F | No | No | 1.36 | 5,559 | 7.56 k | 108,673 |
15 Mar 24 | Deric S Eubanks | Common Stock | Payment of exercise | Dispose F | No | No | 1.36 | 3,045 | 4.14 k | 31,872 |
6 Mar 24 | Deric S Eubanks | Common Stock | Payment of exercise | Dispose F | No | No | 1.56 | 4,239 | 6.61 k | 34,917 |
6 Mar 24 | Deric S Eubanks | Common Stock | Option exercise | Acquire M | No | No | 0 | 17,406 | 0.00 | 39,156 |
6 Mar 24 | Deric S Eubanks | Performance Stock Units (2021) Common Stock | Option exercise | Dispose M | No | No | 0 | 17,406 | 0.00 | 0 |
6 Mar 24 | Deric S Eubanks | Performance Stock Units (2021) Common Stock | Sale back to company | Dispose D | No | No | 0 | 5,802 | 0.00 | 17,406 |
6 Mar 24 | Bennett Monty J | Special Limited Partnership Units Common Stock | Option exercise | Acquire M | Yes | No | 0 | 36,644.25 | 0.00 | 85,504.25 |
6 Mar 24 | Bennett Monty J | Performance LTIP Units (2021) Common Stock | Option exercise | Dispose M | Yes | No | 0 | 36,644.25 | 0.00 | 0 |
6 Mar 24 | Bennett Monty J | Performance LTIP Units (2021) Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 85,504.75 | 0.00 | 36,644.25 |
6 Mar 24 | Nunneley Mark | Common Stock | Option exercise | Acquire M | No | No | 0 | 9,161 | 0.00 | 19,770 |
News
Ashford Hospitality Trust Says Rob Hays, Current President And CEO, Will Be Stepping Down Effective June 30, 2024; Stephen Zsigray Named As Successor
18 Apr 24
Reported Earlier, Ashford Hospitality Trust Sold Hilton Boston Back Bay For $171M, Advances Debt Reduction Plan
11 Apr 24
Earnings Scheduled For February 28, 2024
28 Feb 24
Ashford Hospitality Trust Provides Update On Plan To Pay Off Strategic Financing Which Has A Final Maturity Date In January 2026; Co Currently Has Three Assets Under Purchase And Sale Agreements, Combined Sales Prices Of These Six Assets Total More Than $220M
26 Feb 24
Ashford Hospitality Trust Announces Progress In Deleveraging Plan With Agreement To Sell The Residence Inn Salt Lake City For $19.2M
16 Feb 24
Press releases
ASHFORD HOSPITALITY TRUST ANNOUNCES CEO SUCCESSION PLAN
18 Apr 24
ASHFORD HOSPITALITY TRUST ANNOUNCES PROGRESS IN PLAN TO PAY OFF STRATEGIC FINANCING WITH CLOSING OF SALE OF THE HILTON BOSTON BACK BAY
10 Apr 24
ASHFORD TRUST DECLARES PREFERRED DIVIDENDS FOR THE SECOND QUARTER OF 2024
10 Apr 24
ASHFORD HOSPITALITY TRUST ANNOUNCES PRELIMINARY FIRST QUARTER 2024 RESULTS
8 Apr 24
ASHFORD TRUST SETS FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES
26 Mar 24