AHT Chart
About

Ashford Hospitality Trust, Inc., together with its subsidiaries, is a real estate investment trust. While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room generally less than twice the U.S. national average, and in all methods including direct real estate, equity and debt. We currently anticipate future investments will predominantly be in upper upscale hotels. 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 Trust, serves as the sole general partner of our operating partnership.

Fundamentals
Scroll to Statements
Sector Real Estate Industry REIT - Hotel & Motel Market Cap 19.55M
Enterprise Value 3.16B Income -267.62M Sales 1.12B
Book/sh -88.71 Cash/sh 12.93 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E -0.23 PEG —
P/S 0.02 P/B -0.03 P/C —
EV/EBITDA 15.76 EV/Sales 2.82 Quick Ratio 1.79
Current Ratio 2.47 Debt/Eq — LT Debt/Eq —
EPS (ttm) -51.86 EPS next Y -12.80 EPS Growth —
Revenue Growth -3.70% Earnings 2026-02-25 ROA 1.12%
ROE — ROIC — Gross Margin 20.76%
Oper. Margin 1.60% Profit Margin -20.97% Shs Outstand 6.41M
Shs Float 5.93M Short Float 3.66% Short Ratio 4.84
Short Interest — 52W High 8.88 52W Low 2.83
Beta 1.67 Avg Volume 188.81K Volume 51.48K
Target Price — Recom None Prev Close $2.85
Price $2.95 Change 3.51%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$2.95
Latest analyst target
3. DCF / Fair value
$29.54
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.95
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2023-11-22 main B. Riley Securities Neutral → Neutral $3
2023-03-13 main B. Riley Securities — → Neutral $7
2022-10-25 main Deutsche Bank — → Buy $28
2022-08-22 main Deutsche Bank — → Buy $32
2022-08-15 main B. Riley Securities — → Neutral $12
2022-04-22 init Oppenheimer — → Perform $10
2022-03-07 main B. Riley Securities — → Neutral $11
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership
0 2337 — — ROSE ALEX General Counsel — 2025-02-28 00:00:00 D
1 509000 — — ZSIGRAY STEPHEN Chief Executive Officer — 2024-10-18 00:00:00 D
2 20000 — — JOHNSON DAVID WILLIAM Director — 2024-05-20 00:00:00 D
3 20000 — — SRA DAVINDER SINGH Director — 2024-05-20 00:00:00 D
4 9161 — — NUNNELEY MARK L Officer — 2024-03-06 00:00:00 D
5 17406 — — EUBANKS DERIC S. Chief Financial Officer — 2024-03-06 00:00:00 D
6 32064 — — HAYS J ROBISON III Chief Executive Officer — 2024-03-06 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems40.59M12.43M2.51M4.65M
TaxRateForCalcs0.210.210.210.27
NormalizedEBITDA214.41M314.92M282.24M92.78M
TotalUnusualItems193.30M59.20M11.93M17.23M
TotalUnusualItemsExcludingGoodwill193.30M59.20M11.93M17.23M
NetIncomeFromContinuingOperationNetMinorityInterest-60.30M-178.49M-139.82M-267.00M
ReconciledDepreciation152.62M187.71M201.90M218.98M
ReconciledCostOfRevenue938.22M1.04B953.13M696.89M
EBITDA407.71M374.12M294.17M110.00M
EBIT254.94M186.31M92.27M-108.98M
NetInterestIncome-312.01M-357.17M-222.22M-155.91M
InterestExpense318.95M366.15M227.00M156.12M
InterestIncome6.94M8.98M4.78M207.00K
NormalizedIncome-213.01M-225.26M-149.25M-279.58M
NetIncomeFromContinuingAndDiscontinuedOperation-60.30M-178.49M-139.82M-267.00M
TotalExpenses1.12B1.25B1.16B932.03M
TotalOperatingIncomeAsReported259.21M130.44M76.25M-125.17M
DilutedAverageShares4.71M3.45M3.43M2.18M
BasicAverageShares4.71M3.45M3.43M2.16M
DilutedEPS-17.54-56.10-44.60-124.30
BasicEPS-17.54-56.10-44.60-123.70
DilutedNIAvailtoComStockholders-82.52M-193.69M-153.20M-271.49M
AverageDilutionEarnings0.000.00-3.97M
NetIncomeCommonStockholders-82.52M-193.69M-153.20M-267.51M
OtherunderPreferredStockDividend-3.37M-3.39M0.00258.00K
PreferredStockDividends25.59M18.59M13.38M252.00K
NetIncome-60.30M-178.49M-139.82M-267.00M
MinorityInterests4.71M2.25M1.23M4.04M
NetIncomeIncludingNoncontrollingInterests-65.01M-180.73M-141.06M-271.05M
NetIncomeContinuousOperations-65.01M-180.73M-141.06M-271.05M
TaxProvision997.00K900.00K6.34M5.95M
PretaxIncome-64.01M-179.83M-134.72M-265.10M
OtherIncomeExpense191.04M58.38M11.54M17.43M
OtherNonOperatingIncomeExpenses108.00K310.00K415.00K760.00K
SpecialIncomeCharges199.78M61.41M-3.24M2.73M
GainOnSaleOfPPE261.58M11.49M300.00K1.45M
OtherSpecialCharges2.47M-49.92M3.54M-1.28M
WriteOff59.33M0.000.000.00
ImpairmentOfCapitalAssets59.33M0.000.000.00
EarningsFromEquityInterest-2.37M-1.13M-804.00K-558.00K
GainOnSaleOfSecurity-6.48M-2.20M15.17M14.49M
NetNonOperatingInterestIncomeExpense-312.01M-357.17M-222.22M-155.91M
InterestExpenseNonOperating318.95M366.15M227.00M156.12M
InterestIncomeNonOperating6.94M8.98M4.78M207.00K
OperatingIncome56.96M118.95M75.95M-126.62M
OperatingExpense177.44M203.99M211.68M235.00M
DepreciationAmortizationDepletionIncomeStatement152.78M187.81M201.80M218.85M
DepreciationAndAmortizationInIncomeStatement152.78M187.81M201.80M218.85M
SellingGeneralAndAdministration24.66M16.18M9.88M16.15M
GeneralAndAdministrativeExpense24.66M16.18M9.88M16.15M
OtherGandA24.66M16.18M9.88M16.15M
GrossProfit234.39M322.94M287.63M108.39M
CostOfRevenue938.07M1.04B953.23M697.02M
TotalRevenue1.17B1.37B1.24B805.41M
OperatingRevenue1.17B1.36B1.24B803.14M
Line Item2024-12-312023-12-312022-12-312021-12-31
PreferredSharesNumber5.69M6.20M6.52M6.52M
OrdinarySharesNumber5.64M3.74M3.45M3.45M
ShareIssued5.64M3.74M3.45M3.45M
NetDebt2.52B2.88B3.42B3.30B
TotalDebt2.69B3.10B3.90B3.93B
TangibleBookValue-420.09M-346.76M-151.25M-3.52M
InvestedCapital2.21B2.69B3.69B3.89B
WorkingCapital426.08M219.85M527.56M651.04M
NetTangibleAssets-248.49M-261.94M-149.14M-3.45M
CapitalLeaseObligations62.36M63.23M63.51M45.11M
CommonStockEquity-419.29M-345.96M-150.45M-2.72M
PreferredStockEquity171.60M84.82M2.11M65.00K
TotalCapitalization2.38B2.78B3.69B3.89B
TotalEquityGrossMinorityInterest-211.79M-224.28M-126.79M20.09M
MinorityInterest35.91M36.87M21.55M22.74M
StockholdersEquity-247.70M-261.14M-148.34M-2.65M
RetainedEarnings-2.81B-2.73B-2.53B-2.38B
AdditionalPaidInCapital2.39B2.38B2.38B2.38B
CapitalStock171.65M84.86M2.46M410.00K
CommonStock56.00K37.00K345.00K345.00K
PreferredStock171.60M84.82M2.11M65.00K
TotalLiabilitiesNetMinorityInterest3.37B3.69B4.04B4.08B
TotalNonCurrentLiabilitiesNetMinorityInterest3.04B3.49B3.91B3.94B
OtherNonCurrentLiabilities348.65M387.49M6.42M7.01M
LongTermDebtAndCapitalLeaseObligation2.69B3.10B3.90B3.93B
LongTermCapitalLeaseObligation62.36M63.23M63.51M45.11M
LongTermDebt2.63B3.04B3.84B3.89B
CurrentLiabilities332.47M194.88M135.69M138.12M
OtherCurrentLiabilities99.14M14.65M
PayablesAndAccruedExpenses233.33M180.23M135.69M138.12M
CurrentAccruedExpenses62.24M27.01M15.29M15.43M
InterestPayable62.24M27.01M15.29M15.43M
Payables171.09M153.22M120.41M122.69M
OtherPayable1.15M1.19M1.32M1.20M
DuetoRelatedPartiesCurrent28.48M19.14M0.00728.00K
DividendsPayable3.95M3.57M3.12M3.10M
AccountsPayable137.51M129.32M115.97M117.65M
TotalAssets3.16B3.46B3.92B4.10B
TotalNonCurrentAssets2.40B3.05B3.25B3.31B
OtherNonCurrentAssets26.68M25.31M21.65M16.15M
NonCurrentDeferredAssets1.79M1.81M2.67M5.00M
FinancialAssets2.59M13.70M47.18M501.00K
InvestmentsAndAdvances7.59M9.96M19.58M11.25M
LongTermEquityInvestment7.59M9.96M19.58M11.25M
InvestmentProperties2.32B2.95B3.12B3.23B
GoodwillAndOtherIntangibleAssets797.00K797.00K797.00K797.00K
OtherIntangibleAssets797.00K797.00K
NetPPE43.78M44.05M43.92M44.58M
GrossPPE43.78M44.05M43.92M44.58M
OtherProperties43.78M44.05M43.92M44.58M
CurrentAssets758.55M414.73M663.25M789.16M
AssetsHeldForSaleCurrent96.63M12.38M0.00
RestrictedCash99.69M146.08M141.96M99.53M
PrepaidAssets11.67M12.81M15.98M13.38M
Inventory3.63M3.68M3.86M3.29M
Receivables434.02M74.55M84.39M80.84M
OtherReceivables387.88M21.66M22.46M26.90M
DuefromRelatedPartiesCurrent0.007.06M7.50M
NotesReceivable10.56M7.37M5.06M8.72M
AccountsReceivable35.58M45.52M49.81M37.72M
AllowanceForDoubtfulAccountsReceivable-435.00K-1.21M-501.00K-455.00K
GrossAccountsReceivable36.01M46.73M50.31M38.17M
CashCashEquivalentsAndShortTermInvestments112.91M165.23M417.06M592.11M
CashAndCashEquivalents112.91M165.23M417.06M592.11M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-23.79M13.79M39.22M-144.28M
RepurchaseOfCapitalStock-49.00K-168.00K-316.00K-46.00K
RepaymentOfDebt-388.82M-397.20M-50.90M-189.59M
IssuanceOfDebt63.79M134.80M1.55M377.50M
IssuanceOfCapitalStock93.75M80.59M1.12M562.83M
CapitalExpenditure-200.00K-599.00K-90.00K
InterestPaidSupplementalData268.78M325.42M218.02M219.62M
IncomeTaxPaidSupplementalData11.70M3.52M
EndCashPosition220.47M311.53M559.03M691.64M
BeginningCashPosition311.53M559.03M691.64M167.31M
ChangesInCash-91.06M-247.49M-132.62M524.33M
FinancingCashFlow-258.75M-172.13M-101.51M702.56M
CashFlowFromContinuingFinancingActivities-258.75M-172.13M-101.51M702.56M
NetOtherFinancingCharges-7.07M24.78M-40.55M-29.51M
CashDividendsPaid-20.36M-14.94M-12.42M-18.62M
NetPreferredStockIssuance84.84M79.49M1.12M0.00
PreferredStockPayments0.00-78.00K0.000.00
PreferredStockIssuance84.84M79.56M1.12M0.00
NetCommonStockIssuance8.86M941.00K-316.00K562.78M
CommonStockPayments-49.00K-90.00K-316.00K-46.00K
CommonStockIssuance8.91M1.03M0.00562.83M
NetIssuancePaymentsOfDebt-325.02M-262.39M-49.35M187.91M
NetLongTermDebtIssuance-325.02M-262.39M-49.35M187.91M
LongTermDebtPayments-388.82M-397.20M-50.90M-189.59M
LongTermDebtIssuance63.79M134.80M1.55M377.50M
InvestingCashFlow191.28M-89.75M-70.33M-34.04M
CashFlowFromContinuingInvestingActivities191.28M-89.75M-70.33M-34.04M
NetOtherInvestingChanges299.50M48.27M42.54M11.79M
NetInvestmentPropertiesPurchaseAndSale-108.01M-137.43M-103.75M-36.74M
PurchaseOfInvestmentProperties-108.01M-137.43M-103.75M-36.74M
NetBusinessPurchaseAndSale0.000.00-9.13M-9.00M
SaleOfBusiness0.00
PurchaseOfBusiness0.000.00-9.13M-9.00M
NetIntangiblesPurchaseAndSale-200.00K-599.00K0.00-90.00K
SaleOfIntangibles0.00
PurchaseOfIntangibles-200.00K-599.00K0.00-90.00K
OperatingCashFlow-23.59M14.39M39.22M-144.19M
CashFlowFromContinuingOperatingActivities-23.59M14.39M39.22M-144.19M
ChangeInWorkingCapital62.79M34.73M-25.43M-74.60M
ChangeInOtherWorkingCapital9.29M25.35M2.91M-28.50M
ChangeInOtherCurrentLiabilities1.38M97.00K-452.00K-209.00K
ChangeInOtherCurrentAssets387.00K-111.00K473.00K201.00K
ChangeInPayablesAndAccruedExpense51.81M18.38M-4.66M-28.93M
ChangeInAccruedExpense42.51M14.02M0.00
ChangeInInterestPayable42.51M14.02M0.00
ChangeInPayable9.30M4.36M-4.66M
ChangeInAccountPayable9.30M4.36M-4.66M
ChangeInPrepaidAssets-1.71M-1.65M-7.50M4.20M
ChangeInReceivables1.64M-7.33M-16.21M-21.37M
ChangesInAccountReceivables1.64M-7.33M-16.21M-21.37M
OtherNonCashItems-76.58M15.11M8.90M-3.96M
StockBasedCompensation2.10M4.03M6.00M10.03M
AssetImpairmentCharge61.59M3.62M3.34M2.11M
DeferredTax11.00K-28.00K-53.00K113.00K
DeferredIncomeTax11.00K-28.00K-53.00K113.00K
DepreciationAmortizationDepletion152.62M187.71M201.90M218.98M
DepreciationAndAmortization152.62M187.71M201.90M218.98M
AmortizationCashFlow-158.00K-95.00K101.00K131.00K
AmortizationOfIntangibles-158.00K-95.00K101.00K131.00K
Depreciation152.78M187.81M201.80M218.85M
OperatingGainsLosses-161.10M-50.05M-14.36M-25.81M
EarningsLossesFromEquityInvestments2.37M1.13M804.00K558.00K
GainLossOnInvestmentSecurities6.48M2.20M-15.17M-14.47M
GainLossOnSaleOfBusiness-94.41M-11.49M-300.00K-1.45M
NetIncomeFromContinuingOperations-65.01M-180.73M-141.06M-271.05M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AHT
Date User Asset Broker Type Position Size Entry Price Patterns