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Ashford Hospitality
(NYSE:AHT)
Ashford Hospitality (AHT) vs. SPDR S&P 500 ETF (SPY)
Ashford Hospitality Business Overview & Revenue Model
Ashford Hospitality Earnings Call Summary
Ashford Hospitality Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.15B | 1.17B | 1.37B | 1.24B | 805.41M | 508.24M |
| Gross Profit | |||||
| 237.19M | 234.39M | 334.04M | 287.63M | 108.39M | -56.15M |
| EBIT | |||||
| 60.69M | 259.21M | 130.44M | 76.25M | -138.82M | -465.37M |
| EBITDA | |||||
| 228.32M | 407.71M | 305.61M | 294.17M | 110.00M | -66.53M |
| Net Income Common Stockholders | |||||
| -151.83M | -60.30M | -178.49M | -141.06M | -271.05M | -633.22M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 80.66M | 112.91M | 178.93M | 417.06M | 592.11M | 92.91M |
| Total Assets | |||||
| 3.08B | 3.16B | 3.46B | 3.92B | 4.10B | 3.73B |
| Total Debt | |||||
| 0.00 | 2.69B | 3.46B | 3.90B | 3.93B | 3.77B |
| Net Debt | |||||
| -80.66M | 2.58B | 3.29B | 3.48B | 3.34B | 3.68B |
| Total Liabilities | |||||
| 3.30B | 3.37B | 3.69B | 4.05B | 4.08B | 3.99B |
| Stockholders Equity | |||||
| 0.00 | -247.70M | -261.14M | -150.39M | -2.65M | -283.62M |
| Cash Flow | Free Cash Flow | ||||
| 62.69M | -23.79M | 13.79M | -64.53M | -144.28M | -164.92M |
| Operating Cash Flow | |||||
| -2.13M | -23.59M | 14.39M | 39.22M | -144.19M | -149.53M |
| Investing Cash Flow | |||||
| 307.59M | 191.28M | -89.75M | -70.33M | -34.04M | -7.60M |
| Financing Cash Flow | |||||
| -328.89M | -258.75M | -172.13M | -101.51M | 702.56M | -73.76M |
Ashford Hospitality Technical Analysis
Ashford Hospitality Risk Analysis
Ashford Hospitality Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $349.26M | 123.78 | 1.42% | 4.21% | 1.75% | ― | |
67 Neutral | $162.92M | ― | -0.90% | 8.23% | -2.42% | 23.64% | |
61 Neutral | $2.78B | 10.70 | 0.50% | 8507.83% | 5.74% | -19.41% | |
60 Neutral | $30.76M | ― | 9.72% | ― | 3.82% | 18.62% | |
54 Neutral | $384.93M | ― | -33.91% | 9.96% | 0.78% | -128.16% | |
44 Neutral | $27.60M | ― | -25.66% | 0.84% | 4.55% | -291.14% | |
41 Neutral | $34.34M | ― | -25.85% | ― | -14.65% | -55.62% |
Ashford Hospitality Corporate Events
On May 20, 2025, J. Robison Hays, III resigned from the Board of Directors of Ashford Hospitality Trust, Inc., with no disagreements on company matters. Subsequently, on May 23, 2025, Stephen Zsigray, the CEO and President, was appointed to the Board, with no additional compensation or committee assignments, ensuring continuity in leadership.
The most recent analyst rating on (AHT) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.
On May 23, 2025, Ashford Hospitality Trust announced it has signed a definitive agreement to sell the 242-room Hilton Houston NASA Clear Lake for $27.0 million, with the sale expected to close in June 2025, pending normal closing conditions. This transaction is part of Ashford Trust’s strategy to deleverage its Morgan Stanley 17 Pool loan and achieve significant capital expenditure savings, aligning with its ‘GRO AHT’ initiative to transform the company through opportunistic sales.
The most recent analyst rating on (AHT) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.
On May 13, 2025, Ashford Hospitality Trust, Inc. held its Annual Meeting where shareholders voted on several key proposals. Despite not receiving a majority of votes, directors Monty J. Bennett and Frederick J. Kleisner were retained on the board due to their significant leadership and industry experience, as determined by the board. Additionally, the shareholders approved the company’s executive compensation, ratified the appointment of BDO USA, P.C. as independent auditors, and approved an amendment to the company’s Stock Incentive Plan.
The most recent analyst rating on (AHT) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.
On May 7, 2025, Ashford Hospitality Trust held an earnings conference call to discuss its first-quarter results, highlighting a 3.2% growth in Comparable RevPAR and an 8.7% increase in Comparable Hotel EBITDA. The company emphasized the success of its GRO AHT initiative, which aims to drive $50 million in run-rate EBITDA improvement through property-level performance and corporate expense reductions. Recent strategic moves, including hotel conversions and refinancing, have improved Ashford’s capital structure, while the closure of a non-traded preferred stock offering raised $212 million. Despite a net loss of $27.8 million for the quarter, the company remains focused on further enhancing hotel performance and reducing corporate expenses.
Ashford Hospitality Trust reported its first quarter 2025 results, highlighting a 3.2% increase in RevPAR and an 8.7% growth in Comparable Hotel EBITDA compared to the previous year. The company completed significant financial maneuvers, including a $580 million refinancing of 16 hotels and the sale of the Courtyard Boston Downtown for $123 million, as part of its ‘GRO AHT’ initiative aimed at driving EBITDA growth and improving shareholder value.
On April 14, 2025, Ashford Hospitality Trust announced the successful extension of its Morgan Stanley Pool mortgage loan, which is secured by 17 hotels. The loan, originally set to mature in November 2024, now has an initial maturity in March 2026 with two additional one-year extension options, potentially extending to March 2028. This extension, with a current balance of $409.8 million and an interest rate of SOFR + 3.39%, provides the company with increased flexibility to release assets upon sale. This strategic move, alongside the refinancing of 16 hotels completed in February, positions approximately 60% of Ashford’s outstanding debt to mature in 2027 and beyond, enhancing the company’s ability to strategically manage its portfolio.
On April 10, 2025, Ashford Hospitality Trust announced that its Board of Directors declared dividends for various series of its preferred stock for the second quarter ending June 30, 2025. These dividends, which vary by series, are scheduled for payment on July 15, 2025, to stockholders of record as of June 30, 2025. Additionally, monthly cash dividends were declared for the Company’s Series J and Series K Redeemable Preferred Stock, with payments scheduled for May, June, and July 2025. This announcement reflects Ashford’s ongoing commitment to providing returns to its shareholders and may influence investor sentiment and the company’s market positioning.
On March 21, 2025, Ashford Hospitality Trust announced a proposed amendment to its advisory agreement with Ashford Inc., aiming to reduce the base advisory fee as part of its ‘GRO AHT’ initiative. This amendment could lead to significant cost savings, potentially exceeding $3 million in 2025 and more than $11 million annually if the company’s enterprise value remains stable. The proposed changes include eliminating the Net Asset Fee Adjustment and reducing the Base Advisory Fee calculation, which underscores Ashford Inc.’s commitment to improving EBITDA and enhancing shareholder value.
On March 20, 2025, Ashford Hospitality Trust announced that its largest property manager, Remington, has implemented several cost-cutting measures, including headcount reductions and reduced travel expenses, as part of the company’s ‘GRO AHT’ initiative. These efforts are expected to contribute over $11 million in incremental Hotel EBITDA, aligning with Ashford Trust’s strategic vision to optimize performance and create long-term shareholder value, with a goal of achieving $50 million in annual run-rate EBITDA improvement.
On March 12, 2025, Ashford Hospitality Trust announced a reduction in corporate administrative and general expenses as part of its ‘GRO AHT’ initiative, aiming to enhance EBITDA and improve financial performance. The company expects these measures, which include cuts in legal, accounting, and consulting fees, to save over $4 million annually and contribute to more than $18 million in incremental EBITDA, reinforcing its commitment to operational efficiency and shareholder value.
On February 27, 2025, Ashford Hospitality Trust announced significant reductions in board and management compensation as part of its ‘GRO AHT’ initiative, aimed at improving annual run-rate EBITDA by $50 million and enhancing shareholder value. The company’s strategic moves, including a 50% reduction in board compensation and a decrease in executive incentive awards, are expected to generate over $11 million in incremental EBITDA, supporting its commitment to financial discipline and operational efficiency.