The Best Case Scenario For Ashford Hospitality Trust
Ashford Hospitality Trust (NYSE: AHT ) is a hotel REIT that has struggled along with the rest of the hospitality industry since early 2020. As leisure travel continues to pick up, many investors are hopeful that Ashfords share price will follow suit. Recent Updates Ashford has done a good job at being transparent with its investors over the last few months by providing regular business updates through monthly company presentations. Earlier this month, the company announced its revenue per available room (RevPAR) of $91.27 for June, which is a significant month-over-month improvement compared to $75.66 for May. Its still down 37% compared to the same period in 2019. The REIT also announced a 1-for-10 reverse stock split, which will be effective at the market close on July 16. The company stated in the press release that it believes the higher share price from the reverse split will attract more investors by increasing the stock Full story available on Benzinga.com
The Best Case Scenario For Ashford Hospitality Trust
Ashford Hospitality Trust (NYSE: AHT ) is a hotel REIT that has struggled along with the rest of the hospitality industry since early 2020. As leisure travel continues to pick up, many investors are hopeful that Ashfords share price will follow suit. Recent Updates Ashford has done a good job at being transparent with its investors over the last few months by providing regular business updates through monthly company presentations. Earlier this month, the company announced its revenue per available room (RevPAR) of $91.27 for June, which is a significant month-over-month improvement compared to $75.66 for May. Its still down 37% compared to the same period in 2019. The REIT also announced a 1-for-10 reverse stock split, which will be effective at the market close on July 16. The company stated in the press release that it believes the higher share price from the reverse split will attract more investors by increasing the stock Full story available on Benzinga.com