AHT · NYSE · REIT - Hotel & Motel

Ashford Hospitality Trust (AHT)

Owner of U.S. upper-upscale hotels managed through an external adviser.

$2.66
After hours−0.02 (−0.75%)
At close$2.68(0.00%)
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Ashford Hospitality Trust, Inc.AHT
Real Estate

Owns U.S. upper-upscale, full-service hotels operated under major hotel brands, generating revenue from rooms, food and beverage, and guest services. An external adviser and affiliated or third-party managers supply the staffing and daily operating model, while sales and refinancing underpin the liquidity plan.

Owns U.S. upper-upscale, full-service hotels, primarily operating under Hilton, Hyatt, Marriott, and InterContinental Hotels Group brands. Rooms are the primary customer-facing revenue stream, supplemented by food and beverage and other guest services across urban, airport, suburban, and resort markets.

Uses taxable REIT subsidiaries to hold hotel operations while an affiliated external adviser provides asset management; Remington Hospitality and third-party firms run properties. The portfolio is being reduced through hotel sales to support liquidity, debt repayment, and lower future capital-expenditure obligations.

Depends on hotel demand, room rates, franchise relationships, refinancing, and asset sales. It has no direct employees: Ashford LLC supplies personnel and services under the external-advisory structure.

Company facts

CEOStephen Zsigray
ListedAug 26, 2003
ExchangeNYSE
HeadquartersDallas, TX
CountryUnited States
Employees82
CIK0001232582
ISINUS0441037944

Market cap$17.4M
EPS (ttm)−$31.99
P/E (ttm)−0.0838
ROE
P/B
P/S0.0163
Dividend yieldDiv yield
Beta0.76vs XLRE 0.45

Price target$6.00+124.7%Average of 24 analysts
ConsensusHold15 of 24 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 10, 26
in 49 days
EPS estimate
−$10.84
Revenue estimate
$263.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$23.83−$4.91−$6.88−$11.35−$12.33−$9.93$2.67Pending
Estimate−$3.90−$0.71−$7.36−$10.16−$12.33−$8.79−$6.64−$10.84
Surprise−511.0%−591.5%+6.5%−11.7%0.0%−13.0%+140.2%

RevenueReportedEstimate

Feb '25May '25Jul '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$275.5M$277.4M$302.0M$266.1M$259.0M$267.7M$273.2MPending
Estimate$264.4M$283.0M$301.6M$273.8M$266.0M$276.0M$293.0M$263.0M
Surprise+4.2%−2.0%+0.1%−2.8%−2.6%−3.0%−6.7%
Estimate−$10.84
ReportedDue Nov 10, 2026
Estimate$263.0M
ReportedDue Nov 10, 2026
View details

Current ratio11.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$276.6M$275.5M$277.4M$302.0M$266.1M$259.0M$267.7M$273.2M
Net income−$57.9M−$124.2M−$20.0M−$30.4M−$60.1M−$69.3M−$63.8M$128.0M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%46.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$20.2M−$49.0M$61.5M$49.3M$4.1M$7.3M$18.8M$39.5M
YoY growth−45.8%Turned loss−59.6%−63.6%−79.5%Turned profit−69.4%−20.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $73.4M · Total debt $2.23B · Total assets $2.33B · Shareholders' equity −$344.7M

Revenue
$273.2M
Operating income
$39.5M
Net income
$128.0M
View details

No dividends on record.

Institutions24.94%1.61M shares
35 holders · as of Jun 30, 2026
Insiders0.68%43.7K shares
4 holders · as of Jul 2, 2026
Other74.38%4.81M shares
remainder

6.47M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Castleknight Management LPInstitution
6.83%441,894as of Jun 30, 2026
CastleKnight Master Fund LPInstitution
6.35%410,894filed Feb 17, 2026
Kingsbury Capital Investment Advisors LLCInstitution
4.05%262,020as of Jun 30, 2026
KMT Wealth Management, LLCInstitution
4.05%262,020as of Jun 30, 2026
Vanguard Capital Management LLCInstitution
3.76%243,014as of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

CompareAfter hours

CompanyPriceChange
Ashford Hospitality Trust$2.66−0.75%$17.4M0.0−9.5%
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DiamondRock Hospitality$12.310.00%$2.51B16.819.32.2+4.1%
Xenia Hotels & Resorts$17.89+0.06%$1.65B38.91.5+2.8%
Pebblebrook Hotel Trust$18.260.00%$2.06B1.4−0.1%
Sunstone Hotel Investors$11.09−0.05%$2.06B45.051.32.1+6.7%
Median16.828.11.8+3.1%