Last $10.65 USD
Change Today +0.05 / 0.47%
Volume 2.1M
AHT On Other Exchanges
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

ashford hospitality trust (AHT) Snapshot

Open
$10.82
Previous Close
$10.60
Day High
$10.84
Day Low
$10.48
52 Week High
08/1/14 - $11.36
52 Week Low
10/15/14 - $8.38
Market Cap
1.1B
Average Volume 10 Days
695.6K
EPS TTM
$-0.65
Shares Outstanding
99.1M
EX-Date
12/29/14
P/E TM
--
Dividend
$0.48
Dividend Yield
4.51%
Current Stock Chart for ASHFORD HOSPITALITY TRUST (AHT)

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ashford hospitality trust (AHT) Details

Ashford Hospitality Trust, Inc. is a publicly owned real estate investment trust. The firm engages in investment and management of properties in the hospitality industry. It invests in the real estate markets of the United States. The firm primarily invests in hotels with a focus on the ownership of upper-upscale and upscale full-service and select service hotels in primary, secondary and resort markets. It also invests in mid-scale and luxury hotels. The firm invests across all segments and at all levels of the capital structure, including direct hotel investments, first mortgages, mezzanine loans, construction loans, and sale-leaseback transactions. It primarily concentrates among Marriott, Hilton, Hyatt, and Starwood brands. Ashford Hospitality Trust, Inc. was founded in 1968 and is based in Dallas, Texas.

Founded in 1968

ashford hospitality trust (AHT) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $2.4M
President
Total Annual Compensation: $1.6M
Chief Operating Officer, General Counsel and ...
Total Annual Compensation: $1.1M
Executive Vice President of Asset Management
Total Annual Compensation: $722.5K
Compensation as of Fiscal Year 2013.

ashford hospitality trust (AHT) Key Developments

Ashford Hospitality Trust, Inc. Approves Dividend Policy for 2015; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014

The Board of Ashford Hospitality Trust, Inc. approved the company's dividend policy for 2015. The company expects to pay a quarterly cash dividend of $0.12 per share for 2015, or $0.48 per share on an annualized basis. The company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced total revenue of $190,368,000 compared to $209,145,000 for the same period a year ago. Operating income was $13,566,000 compared to $22,337,000 for the same period a year ago. Loss from continuing operations before income taxes was $15,857,000 compared to $18,702,000 for the same period a year ago. Loss from continuing operations was $16,303,000 compared to $18,525,000 for the same period a year ago. Net loss was $16,358,000 compared to $18,601,000 for the same period a year ago. Net loss attributable to the company was $13,932,000 compared to $17,368,000 for the same period a year ago. Net loss attributable to common shareholders was $22,423,000 or $0.25 per basic and diluted share compared to $25,859,000 or $0.32 per basic and diluted share for the same period a year ago. EBITDA was $68,444,000 compared to $65,825,000 for the same period a year ago. Adjusted EBITDA was $71,736,000 compared to $71,168,000 for the same period a year ago. FFO available to common shareholders was $17,380,000 compared to $85,097,000 for the same period a year ago. Adjusted FFO available to common shareholders was $18,030,000 compared to $14,208,000 for the same period a year ago. Adjusted FFO per diluted share available to common shareholders was $0.17 compared to $0.14 for the same period a year ago. Capex invested for the Ashford Trust Portfolio was $28.6 million. For the full year, the company announced total revenue of $794,849,000 compared to $939,527,000 for the same period a year ago. Operating income was $76,692,000 compared to $116,897,000 for the same period a year ago. Loss from continuing operations before income taxes was $40,465,000 compared to $46,949,000 for the same period a year ago. Loss from continuing operations was $41,731,000 compared to $48,460,000 for the same period a year ago. Net loss was $38,207,000 compared to $48,558,000 for the same period a year ago. Net loss attributable to the company was $31,401,000 compared to $41,283,000 for the same period a year ago. Net loss attributable to common shareholders was $75,245,000 or $0.75 per basic and diluted share compared to $65,363,000 or $1.00 per basic and diluted share for the same period a year ago. EBITDA was $290,469,000 compared to $314,526,000 for the same period a year ago. Adjusted EBITDA was $330,173,000 compared to $347,769,000 for the same period a year ago. FFO available to common shareholders was $12,888,000 compared to $95,523,000 for the same period a year ago. Adjusted FFO available to common shareholders was $112,256,000 compared to $116,195,000 for the same period a year ago. Adjusted FFO per diluted share available to common shareholders was $1.05 compared to $1.24 for the same period a year ago. Capex invested for the Ashford Trust Portfolio was $120.1 million. The company reported impairment charges of $105,000 for the fourth quarter compared to $100,000 for the same quarter a year ago.

Ashford Hospitality Trust, Inc. Completes Acquisition of 232-Room Marriott Memphis East Hotel

Ashford Hospitality Trust, Inc. announced that it has completed the previously-announced acquisition of the 232-room Marriott Memphis East hotel for total consideration of $43.5 million in cash ($187,500 per key). The company intends to finance the property with approximately $33.3 million of non-recourse mortgage debt. The property will be managed by Ashford Trust's affiliated property manager, Remington Lodging. The property has 232 well-equipped guestrooms and 6 meeting rooms with approximately 8,960 square feet of meeting space. Hotel amenities include an indoor pool and whirlpool, 24-hour fitness center, Table - A Delta Grill restaurant, and complimentary on-site parking.

Ashford Hospitality Trust, Inc. Announces Formation of Ashford Hospitality Select

Ashford Hospitality Trust, Inc. (Ashford Trust) announced that the company's Board of Directors has approved the formation of Ashford Hospitality Select, Inc. (Ashford Select) in the United States. Ashford Select is expected to launch sometime in the first half of 2015. Upon launch, Ashford Trust intends to contribute to Ashford Select a high-quality, geographically diverse portfolio of 16 of its existing select-service hotels, located in ten states, comprised of 2,560 total guestrooms and operated under upscale or upper-midscale premium brands affiliated with Marriott International, Inc. The determination of the consideration payable by Ashford Select in exchange for the initial select-service hotel properties contributed by Ashford Trust, will be based on two or more broker opinions of value from nationally recognized hotel brokerage firms and other factors deemed relevant by a special committee of the Ashford Trust independent directors, which will negotiate and approve the final transaction terms and contribution price. Upon the successful launch of Ashford Select's new select-service platform, Ashford Trust's investment strategy will be revised to focus on full-service, premium branded upscale, and upper-upscale hotels primarily located in major markets with RevPAR less than twice the national average.

 

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Price/Book 1.8x
Price/Cash Flow 13.3x
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