Ashford Hospitality Trust, Inc. (NYSE: AHT) has recently unveiled its preliminary financial results for the fourth quarter and full year ending on December 31, 2023. The company is projecting a net loss attributable to common stockholders in the range of approximately $32.3 million to $30.3 million, or $(0.93) to $(0.87) per share for the fourth quarter. As for the full year, the estimated net loss falls between approximately $194.7 million to $192.7 million, or $(5.64) to $(5.58) per share.
In terms of Adjusted EBITDAre, the company is anticipating figures between $61.6 million to $63.6 million for the fourth quarter and $323.5 million to $325.5 million for the full year. Moreover, the Adjusted Funds From Operations (FFO) available to common stockholders and OP unitholders are expected to range from $(14.2) million to $(12.2) million for the fourth quarter. However, for the full year, it is anticipated to be positive, with figures ranging from $25.4 million to $27.4 million.
Additionally, Ashford Hospitality Trust, Inc. reported a year-over-year increase of 1.5% in January Comparable Revenue Per Available Room (RevPAR).
The final results for the fourth quarter will be officially released on February 28, 2024.
AHT Stock Performance Declines: Trading Near Bottom of 52-Week Range and Below Moving Average
On February 15, 2024, Ashford Hospitality Trust (AHT) experienced a decline in its stock performance. According to data from CNN Money, AHT was trading near the bottom of its 52-week range and below its 200-day simple moving average. This indicates that the stock was facing downward pressure and struggling to gain momentum.
The price of AHT shares decreased by $0.02 since the market last closed, representing a drop of 1.20%. This decline in price suggests that investors were selling off their AHT shares, possibly due to concerns or negative sentiment surrounding the company.
AHT opened at $1.65, which was $0.02 lower than its previous close. This lower opening price further contributed to the negative performance of the stock on February 15. It indicates that there was selling pressure right from the start of the trading day.
The fact that AHT was trading near the bottom of its 52-week range and below its 200-day simple moving average suggests that the stock had been struggling for a while. Investors may have been cautious about investing in AHT due to its poor performance and lack of positive momentum.
It is important to note that stock performance can be influenced by various factors, including market conditions, industry trends, and company-specific news. Therefore, it is crucial for investors to conduct thorough research and analysis before making any investment decisions.
In conclusion, on February 15, 2024, AHT’s stock performance was lackluster with the stock trading near the bottom of its 52-week range and below its 200-day simple moving average. The price of AHT shares dropped by $0.02 or 1.20% since the market last closed, and the stock opened $0.02 lower than its previous close. These factors indicate a negative sentiment surrounding AHT and a lack of positive momentum in its stock performance.
Analyzing Ashford Hospitality Trusts (AHT) Stock Performance: Revenue, Net Income, and EPS Insights
On February 15, 2024, the stock performance of Ashford Hospitality Trust (AHT) garnered attention as investors analyzed the company’s financial data. Using information sourced from CNN Money, we can delve into AHT’s total revenue, net income, and earnings per share (EPS) to gain insights into the company’s recent performance.
Starting with total revenue, AHT reported $1.24 billion in revenue over the past year, representing a significant increase of 54.07% compared to the previous year. However, it is important to note that the company experienced a decline of 8.71% in total revenue since the last quarter, which could raise concerns among investors.
Moving on to net income, AHT reported a net loss of -$139.82 million over the past year. Despite the negative figure, it is worth mentioning that the company managed to reduce its net loss by 47.63% compared to the previous year. However, in the most recent quarter, AHT’s net loss worsened, reaching -$63.56 million, indicating a significant decline of 158.3% compared to the previous quarter.
Finally, we examine AHT’s earnings per share (EPS), which is an essential metric for investors. AHT reported an EPS of -$4.46 over the past year, reflecting a 64.1% increase compared to the previous year. However, the most recent quarter saw a sharp decline in EPS, with AHT reporting an EPS of -$1.99, representing a decrease of 134.91% compared to the previous quarter.
Analyzing these figures, it becomes clear that AHT’s stock performance on February 15, 2024, was influenced by both positive and negative factors. The significant increase in total revenue over the past year indicates positive growth for the company. However, the decline in revenue since the last quarter raises concerns about the company’s short-term performance.
Similarly, while AHT managed to reduce its net loss compared to the previous year, the significant increase in net loss since the last quarter is alarming. This suggests that AHT may be facing challenges in maintaining profitability.
Furthermore, the increase in EPS over the past year indicates improved earnings for shareholders. However, the sharp decline in EPS since the last quarter is a cause for concern, as it suggests a deterioration in the company’s profitability.
Investors and analysts will closely monitor AHT’s financial performance in the coming quarters to determine if the decline in revenue, net income, and EPS is a temporary setback or a more significant issue. As with any investment, it is crucial to conduct thorough research and analysis before making any decisions based on stock performance.
