Business Earnings

News Spotlight: Ashford Hospitality Trust (NYSE:AHT)

June 16, 2019

Ashford Hospitality Trust (NYSE:AHT) stock observed trading -57.85% off 52-week high price. On the other end, the stock has been noted -5.19% away from low price over the last 52-weeks. The stock disclosed a move of -28.19% away from 50 day moving average and -29.32% away from 200 day moving average. Moving closer, we can see that shares have been trading -22.11% off 20-day moving average. It has market cap of $367.56M and dividend yield of 13.15%.

Ashford Hospitality Trust (NYSE: AHT) released that its Board of Directors announced a quarterly cash dividend of $0.06 per diluted share for the Company’s common stock for the second quarter ending June 30, 2019. The dividend, which equates to an annual rate of $0.24 per share, will be distributed on July 15, 2019, to shareholders of record as of June 28, 2019.

“Our Board of Directors set the quarterly common dividend at a level that it believes is competitive with our lodging REIT peers,” said Douglas A. Kessler, Ashford Trust’s President and Chief Executive Officer.  “For some time, our dividend has significantly exceeded what we would have needed to distribute from a taxable income standpoint.  This adjustment effectively preserves capital for more advantageous purposes including strengthening our balance sheet and enhancing our ability to pursue more opportunistic growth such as acquisitions that qualify for our Enhanced Return Funding Program (“ERFP”). One of the intended purposes of the ERFP is to make good deals, great deals. We believe we are having success in achieving that goal. To date, we have been pleased with the strong performance and attractive initial results from our recent ERFP acquisitions, namely the Hilton Alexandria Old Town, La Posada de Santa Fe, Embassy Suites New York Midtown Manhattan, and Hilton Santa Cruz/Scotts Valley.”

The USA based company Ashford Hospitality Trust moved with change of -14.92% to $3.65 with the total traded volume of 3416776 shares in recent session versus to an average volume of 565.71K. The stock was observed in the 5 days activity at -14.32%. The one month performance of stock was -31.13%. AHT’s shares are at -22.34% for the quarter and driving a -47.71% return over the course of the past year and is now at -8.75% since this point in 2018.  Right now the stock beta is 1.79. The average volatility for the week and month was at 6.24% and 4.37% respectively. There are 100.7M shares outstanding and 89.33M shares are floated in market.

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