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AHT

AHT

Ashford Hospitality Trust, Inc.
$2.47
+37.99% Oct 21 close
Real Estate Compare
-65%-44%-24%-3%+17%Oct 2025Oct 2026Apr 2026
AHTSPY
1W
+33.5%
1M
-7.8%
3M
-23.8%
6M
-20.3%
YTD
-42.0%
1Y
-51.3%

Live chart

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What they do

Ashford Hospitality Trust, Inc. is a real estate investment trust. While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room generally less than twice the U.S. national average, and in all methods including direct real estate, equity and debt.

Real Estate · REIT - Hotel & Motel

For information only · Important disclosures

Grades vs sector

No sector grades for AHT yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
ASHFORD HOSPITALITY TRUST ANNOUNCES $17 MILLION ADVISORY FEE WAIVER, SHARE PURCHASE COMMITMENT FROM ASHFORD INC. AND TERMINATION OF ATM PROGRAM
PR Newswire · Oct 20
Global $14+ Billion Freezer Market Outlook 2026-2035 Featuring Profiles of Haier Group, Midea Group, Whirlpool Corporation, AHT Cooling Systems, Epta Group, Arneg, Zero Zone and Other Competitors
GlobeNewswire · Aug 24
Lodging Lowdown: Radisson Hotel Group launches B2B extended stay program, Extended Stay America leader to retire
Hotel Dive · Aug 14
Ashford Hospitality Trust: Q2 Earnings Snapshot
Associated Press · Aug 12
Ashford Hospitality Trust sells Hyatt Regency Long Island for $26.5M
Hotel Dive · Aug 10

Key stats

Market value$12.0M
52-week range$1.74 – $5.29
Revenue growth (latest quarter vs a year ago)-9.5%
Dividend yieldNo dividend
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Looks expensive
Model read-out from the numbers below, not advice. Score -5 (DCF counts double).
▼DCF (base case)below the price by 14463%
▼Piotroski F-score2/9
▼Altman Z-1.0 (distress)
▼Net debt / EBITDA5.3x

Discounted cash flow

Bear
$-361
-14708%
growth -10% · disc. 14.0% · term. 2.0%
Base
$-355
-14463%
growth -5% · disc. 13.0% · term. 2.5%
Bull
$-348
-14194%
growth -2% · disc. 12.0% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 40% a year for 10 years.
Implied
+40%/yr
FCF, last 3 yrs
n/a
FCF, last 5 yrs
n/a
Revenue, last 3 yrs
-4%/yr
Revenue, last 5 yrs
+17%/yr
Same inputs as the DCF above: trailing free cash flow 0.0B, 13.0% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.82 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs sector

Quality & financial health

Gross margin
45.1%
Operating margin
20.2%
FCF margin
1.4%
Net margin
-6.1%
Return on equity
–
Return on invested capital
13.6%
Net debt / EBITDA
5.3×
Current ratio
–
Interest cover
0.9×
Cash conversion (OCF/NI)
–
Piotroski F-score 2/9 · last two fiscal years
✗ Positive net income✗ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score -1.0 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

No analyst targets available.

Annual history

FYRevenueNet incomeFree cash flow
2025$1.1B$-179.8M$-15.7M
2024$1.2B$-60.3M$-23.6M
2023$1.4B$-178.5M$14.4M
2022$1.2B$-139.8M$39.2M
2021$805.4M$-267.0M$-144.2M
2020$508.2M$-543.9M$-149.5M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -3.8%.

Earnings

Next report: 2026-11-10 · during market · EPS est -10.84
24-1125-0225-0525-0725-1126-0226-0526-08-23.831.62
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-12-6.641.62+124.4%
2026-05-11-8.79-11.03-25.5%
2026-02-25-12.33-12.33–
2025-11-04-10.16-11.35-11.7%
2025-07-31-7.36-6.88+6.5%
2025-05-06-11.13-4.91+55.9%
2025-02-25-11.64-23.83-104.7%
2024-11-05-3.50-12.39-254.0%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$273.2M-9.5%
2026-03-31$267.7M–
2025-12-31$259.0M–
2025-09-30$266.1M–
2025-06-30$302.0M–
Analyst actions
B. Riley Securities
2023-11-22 · main
Neutral → Neutral
PT $2
B. Riley Securities
2023-03-13 · main
→ Neutral
PT $6
Deutsche Bank
2022-10-25 · main
→ Buy
PT $28
Deutsche Bank
2022-08-22 · main
→ Buy
PT $32
B. Riley Securities
2022-08-15 · main
→ Neutral
PT $12
Oppenheimer
2022-04-22 · init
→ Perform
PT $10

Recent dividends

2019-12-30: $60.000 · 2019-09-27: $59.289 · 2019-06-27: $59.289 · 2019-03-28: $118.577 · 2018-12-28: $118.577 · 2018-09-27: $118.577 · 2018-06-28: $118.577 · 2018-03-28: $118.577

Stats refreshed 2026-10-20 21:56:38 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

Free. Not investment advice. Unsubscribe anytime.

coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026