AHT earnings call for the period ending September 30, 2021.
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Ashford Hospitality Trust
News & Analysis: Ashford Hospitality Trust
The hotel REIT posted much improved results versus 2020's third quarter, which investors are cheering. But there's still a problem here.
AHT earnings call for the period ending June 30, 2021.
The hotel REIT's stock bounced on earnings news, but was it really as good as investors seem to think?
The hotel landlord made a change to its shares after the close on Friday. On the one hand, it's not particularly meaningful; on the other, it is.
Over the past week, the real estate investment trust announced preliminary Q2 results for revenue per available room and a reverse stock split.
Don't get too excited about Ashford Hospitality's monthly gain, because there was actually more down than up in June.
The company announced preliminary revenue per available room estimates for the second quarter of 2021, and a 1-for-10 reverse stock split.
A new share flotation is a bit convoluted and rather dilutive.
The hotel REIT had some good news last month.