Ashford Hospitality (AHT) AI Stock Analysis

• Market Cap: $27.63M
• Dividend Yield: N/A
• Average Volume (3M): 329.35K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: -7.89%
• EPS Growth: -833.99%
• Country: US
• Employees: 116
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Hotel & Motel
• EPS (TTM): -11.35
• Shares Outstanding: 6,411,532
• 10 Day Avg. Volume: 851,301
• 30 Day Avg. Volume: 329,347
• PEG Ratio: <0.01
• Price to Book (P/B): -0.14
• Price to Sales (P/S): 0.03
• P/FCF Ratio: -1.42
• Enterprise Value/Market Cap: 101.56
• Enterprise Value/Revenue: 2.48
• Enterprise Value/Gross Profit: 12.23
• Enterprise Value/Ebitda: 13.21
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $4.00 ▲(10.80% Upside)

The score is driven primarily by weak financial performance, especially negative equity/high leverage and sustained losses, which outweigh improving free cash flow. Technicals are modestly positive in the short term (price above 20/50-day averages and positive MACD), but valuation remains challenged due to negative earnings and no dividend yield data.

Positive Factors

Deleveraging via asset sales

Proceeds from multi-property dispositions aimed at retiring mortgage debt reduce leverage and eliminate future capex obligations. Sustained, disciplined asset sales can structurally improve liquidity, lower interest burden, and enhance covenant/refinancing flexibility over the medium term.

Solid operating margins & rising FCF

A near-20% EBITDA margin coupled with double-digit free cash flow growth indicates the core hotel business can generate operational cash despite net losses. This cash generation supports debt reduction, working capital and reinvestment, providing a durable foundation for restructuring and recovery.

Extended advisory agreement provides stability

A ten-year extension of the external advisory contract secures long-term management continuity and execution capability. Stable advisory oversight reduces operational disruption during restructuring, supports consistent asset-management strategy, and helps implement multi-year value-enhancement plans.

Negative Factors

Negative equity & extreme leverage

Negative equity and a debt-to-equity of -10.72 reflect a structurally weak balance sheet. Extreme leverage raises refinancing and covenant breach risk, limits strategic flexibility, increases interest burden, and elevates the likelihood that further asset sales or capital raises will be required to stabilize the company.

Sustained net losses and revenue decline

Persistent revenue declines and deep net losses indicate structural profitability problems beyond short-term seasonality. Continued negative margins deplete equity, force reliance on non-operational fixes, and make sustainable recovery dependent on meaningful revenue or cost-structure improvements.

Liquidity strain and dividend suspension

Suspending preferred dividends while modestly reducing a large mortgage balance and pushing final maturity signals near-term liquidity and refinancing stress. Such measures increase restructuring risk, may trigger creditor or covenant pressures, and can lead to dilution or tougher financing terms going forward.

Ashford Hospitality Business Overview & Revenue Model

Company Description

Ashford Hospitality Trust, Inc. (AHT) is a real estate investment trust (REIT) based in the United States that primarily focuses on the hospitality sector. The company invests in hotels and resorts, primarily branded under major hotel chains, providing a diverse portfolio of properties across various markets. AHT aims to maximize shareholder value through strategic acquisitions and efficient property management, offering a range of lodging services to meet the demands of both business and leisure travelers.

How the Company Makes Money

Ashford Hospitality Trust generates revenue primarily through the ownership and leasing of hotel properties. The company's main revenue streams include rental income from its hotels, which are often managed by third-party hotel management companies, as well as potential profits from property sales. AHT may also earn revenue through management fees from properties it operates and through performance-based incentives linked to the operational success of its hotel assets. Additionally, the company benefits from partnerships with recognized hotel brands, which can enhance occupancy rates and revenue per available room (RevPAR), contributing to its overall profitability.

Ashford Hospitality Financial Statement Overview

Summary

Ashford Hospitality faces significant financial challenges, with declining revenues, high leverage, and negative profitability. Despite some positive signs in cash flow improvements, the overall financial health is concerning, with high risks associated with its leverage and negative equity position.

Income Statement

Ashford Hospitality's income statement reveals significant challenges. The company has experienced declining revenue with a negative revenue growth rate of -1.26% TTM, and net profit margins remain deeply negative at -20.55% TTM. Despite a positive EBITDA margin of 19.63% TTM, the overall profitability is hindered by substantial net losses, indicating operational inefficiencies and potential difficulties in cost management.

Balance Sheet

The balance sheet of Ashford Hospitality shows a precarious financial position. The company has a negative stockholders' equity, resulting in an alarming debt-to-equity ratio of -10.72 TTM, which indicates high leverage and financial instability. Return on equity is positive at 101.79% TTM, but this is due to the negative equity base, which is not a sustainable financial position.

Cash Flow

The cash flow statement indicates some improvement, with a positive free cash flow growth rate of 26.56% TTM. However, the operating cash flow to net income ratio is extremely low at 0.61% TTM, suggesting that the company struggles to convert its earnings into cash. The free cash flow to net income ratio is high at 644.02% TTM, but this is due to the negative net income, which distorts the ratio.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.13B	1.17B	1.37B	1.24B	805.41M	508.24M
Gross Profit	229.51M	234.39M	322.94M	287.63M	108.39M	-56.15M
EBITDA	212.44M	407.71M	374.12M	294.17M	110.00M	-134.41M
Net Income	-232.48M	-60.30M	-178.49M	-139.82M	-267.00M	-543.88M
Balance Sheet
Total Assets	3.06B	3.16B	3.46B	3.92B	4.10B	3.73B
Cash, Cash Equivalents and Short-Term Investments	99.97M	112.91M	165.23M	417.06M	592.11M	93.17M
Total Debt	3.01B	2.69B	3.10B	3.90B	3.93B	3.77B
Total Liabilities	3.31B	3.37B	3.69B	4.04B	4.08B	3.99B
Stockholders Equity	-282.27M	-247.70M	-261.14M	-148.34M	-2.65M	-283.62M
Cash Flow
Free Cash Flow	40.24M	-23.79M	13.79M	-64.53M	-144.28M	-149.53M
Operating Cash Flow	6.25M	-23.59M	14.39M	39.22M	-144.19M	-149.53M
Investing Cash Flow	63.77M	191.28M	-89.75M	-70.33M	-34.04M	-7.60M
Financing Cash Flow	-60.44M	-258.75M	-172.13M	-101.51M	702.56M	-73.76M

Ashford Hospitality Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.61
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AHT, the sentiment is Neutral. The current price of 3.61 is below the 20-day moving average (MA) of 4.09, below the 50-day MA of 3.96, and below the 200-day MA of 5.56, indicating a neutral trend. The MACD of 0.14 indicates Negative momentum. The RSI at 55.02 is Neutral, neither overbought nor oversold. The STOCH value of 56.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AHT.

Ashford Hospitality Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
CLDT	59 Neutral	$340.58M	632.43	1.13%	5.00%	-3.79%	―
BHR	57 Neutral	$205.34M	-3.40	-1.09%	7.17%	-2.84%	-11.92%
SOHO	51 Neutral	$44.12M	-5.26	-0.68%	―	-0.57%	-24.28%
SVC	49 Neutral	$361.39M	-1.26	-35.25%	2.31%	-0.56%	-14.18%
AHT	46 Neutral	$27.63M	-0.09	―	―	-7.89%	-833.99%
IHT	41 Neutral	$17.03M	-8.00	-32.79%	1.52%	-3.23%	-66.23%

Ashford Hospitality Corporate Events

Ashford Hospitality Extends Loan Maturity, Suspends Preferred Dividends

On January 13, 2026, Ashford Hospitality Trust, Inc. announced it had extended its Highland mortgage loan secured by 18 hotels, paying down $10 million to reduce the balance to $723.6 million, or about 65% of appraised value, and setting a new final maturity date of July 9, 2026. At the same time, the company suspended preferred dividends, including those previously declared for multiple series of preferred stock with a record date of December 31, 2025 and payable January 15, 2026, in order to preserve liquidity while it evaluates strategic alternatives, with unpaid dividends to continue accruing and the board reviewing potential future dividend payments on a quarterly basis, a move that bolsters short-term cash but may weigh on preferred shareholders as the company reassesses its capital structure.

The most recent analyst rating on (AHT) stock is a Sell with a $4.50 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.

Ashford Hospitality Extends Long-Term Advisory Agreement Term

On December 23, 2025, Ashford Hospitality Trust received notice from its external advisor, Ashford Inc. and Ashford Hospitality Advisors, electing to extend their Third Amended and Restated Advisory Agreement for an additional ten-year term beginning January 14, 2031 and ending January 14, 2041. All existing terms, conditions, rights and obligations under the advisory arrangement will remain in effect during the extended term, though the parties retain the right under the agreement to renegotiate the base and incentive fees, providing long-term advisory stability while allowing future adjustment of compensation structures.

The most recent analyst rating on (AHT) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.

Ashford Hospitality Completes Le Pavillon Hotel Disposition

On December 18, 2025, Ashford Hospitality Trust, Inc., through its indirect subsidiary Ashford Le Pavillon LP, completed the sale of the 226-room Le Pavillon hotel in New Orleans, Louisiana, for approximately $41.3 million in cash net of selling expenses, and repaid the $37.0 million mortgage loan secured by the property. The transaction removes Le Pavillon’s assets, liabilities, and operating results from Ashford’s financials and generates a non-recurring gain associated with the disposition, reflecting an ongoing balance-sheet repositioning that modestly strengthens the company’s liquidity and reduces leverage for stakeholders.

The most recent analyst rating on (AHT) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.

Ashford Hospitality Files Articles Supplementary for Series N

Ashford Hospitality announced the filing of Articles Supplementary with the Secretary of State of Maryland, effective December 17, 2025. This filing establishes and fixes the rights and preferences of a new Series N Preferred Stock, which may impact the company’s financial structure and shareholder interests.

The most recent analyst rating on (AHT) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.

Ashford Hospitality Explores Strategic Alternatives for Growth

On December 9, 2025, Ashford Hospitality Trust announced the formation of a Special Committee to explore strategic alternatives aimed at maximizing shareholder value, including potential transactions. The company has also terminated the primary offering of its Series L and M Redeemable Preferred Stock and suspended redemptions for all outstanding non-traded preferred stock, reflecting a proactive approach to address the discrepancy between the market value of its common stock and the value of its portfolio.

The most recent analyst rating on (AHT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.

Ashford Hospitality Announces Sale of Three Hotel Properties

On November 20, 2025, Ashford Hospitality Trust announced definitive agreements to sell three hotel properties: Le Pavillon in New Orleans, Embassy Suites by Hilton Austin Arboretum, and Embassy Suites by Hilton Houston Near the Galleria. The sales, expected to generate approximately $69.5 million, are part of a strategic plan to deleverage the company and improve cash flow and liquidity. The proceeds will primarily be used to retire mortgage debt, enhancing cash flow after debt service and eliminating future capital expenditure obligations, which positions the company for sustained value creation.

The most recent analyst rating on (AHT) stock is a Sell with a $4.00 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.

Ashford Hospitality Reports Q3 Growth Amid Challenges

On November 5, 2025, Ashford Hospitality Trust held a conference call to discuss its third-quarter financial results, highlighting a 2.0% growth in Comparable Hotel EBITDA despite industry-wide challenges. The company continues to benefit from strategic initiatives like GRO AHT, which aims to improve EBITDA by $50 million, and has made significant progress in refinancing and asset sales, expecting to enhance cash flow and reduce capital expenditures.

The most recent analyst rating on (AHT) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.

Ashford Hospitality Reports Q3 2025 Financial Results

Ashford Hospitality Trust reported its third quarter 2025 financial results, highlighting a 1.5% decrease in Comparable RevPAR and a net loss of $69 million. Despite these challenges, the company achieved a 2% growth in Comparable Hotel EBITDA and continued its strategic initiative ‘GRO AHT’ to enhance shareholder value. During the quarter, Ashford Trust extended its Highland mortgage loan and completed the sale of several properties, including the Residence Inn San Diego Sorrento Mesa, as part of its strategy to deleverage its portfolio. The company did not declare a dividend on its common stock for the quarter, but paid dividends on its preferred stock.

The most recent analyst rating on (AHT) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.

Ashford Hospitality Completes Sale of San Diego Hotel

On October 15, 2025, Ashford Hospitality Trust, Inc. completed the sale of the 150-room Residence Inn San Diego Sorrento Mesa hotel for approximately $41.4 million in cash, net of selling expenses. This transaction allowed the company to allocate funds towards loan repayment and reserves, impacting its financial structure and potentially its future operational strategies.

The most recent analyst rating on (AHT) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.

Ashford Hospitality Declares Q4 2025 Preferred Dividends

On October 14, 2025, Ashford Hospitality Trust, Inc. announced that its Board of Directors declared fourth quarter 2025 dividends for various series of its cumulative and redeemable preferred stock. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders, which may impact its financial stability and attractiveness to investors.

The most recent analyst rating on (AHT) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Ashford Hospitality stock, see the AHT Stock Forecast page.