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      What Is Driving The AHT Stock Higher In Premarket Trades? - Stocks Telegraph

      By ST Staff

      Published on

      July 13, 2021

      12:21 PM UTC

      What Is Driving The AHT Stock Higher In Premarket Trades? - Stocks Telegraph

      Shares of Ashford Hospitality Trust Inc. (AHT) were up 1.81% at $2.25 as of the last pre-market check. Ashford Trust stock closed last session at $2.21, down -4.74% or $0.11. AHT stock traded between $2.19 and $2.44 during the recent session. Shares of AHT stock exchanged hands for a total of 22.37 million, less than the company’s 50-day daily volume of 42.58 million and on par with its year-to-date volume of 22.49 million shares.

      AHT stock has slipped -65.14% in the past year and decreased -6.75% in the last quarter. In the last six months, AHT stock has decreased by -6.75 percent, and in the last week by -44.19%. There is a possibility that recent developments regarding the AHT will provide additional information about the stock since the AHT stock rose when there was no recent news.

      Have there been any recent developments at AHT?

      The Ashford Trust is a real estate investment trust (REIT) specializing in the ownership of upper upscale, full-service hotels.

      According to Ashford Trust’s preliminary RevPAR for June 2021, the figure was approximately $91.27.

      • AHT’s current RevPAR is an increase of 256% as compared to June 2020 and a decline of 37% as compared to June 2019.
      • Based on AHT’s RevPAR of $75.66 for May 2021, this represents an approximate increase of 414% over May 2020 and a decline of 47% over May 2019.
      • The RevPAR reported by AHT represents an approximate increase of 624% compared to its April 2020 RevPAR, and a decline of 53% compared to its $67.52 RevPAR for April 2021.
      • The RevPAR for all properties in AHT’s portfolio should increase by a maximum of 372% in 2021 compared to 2020 and will drop by a maximum of 46% compared to 2019.
      • Pent-up leisure demand explains the improved preliminary RevPAR results for the second quarter.
      • In addition to its geographically diverse portfolio of properties, with a large portion of its business coming from transient leisure clients, AHT believes it is well-positioned to take advantage of the recovery trends.

      AHT will undertake a reverse split:

      The Ashford Trust (AHT) Board of Directors also unanimously approved this month a reverse stock split at a ratio of 1-for-10. The Company’s common stock will be automatically converted into 1/10th of a share of AHT’s common stock upon the reverse stock splits effective date.

      On July 19, 2021, AHT’s stock will begin trading on the New York Stock Exchange on the split-adjusted basis, and the reverse stock split will become effective as of business close on July 16, 2021. AHT’s Board of Directors approved the foregoing actions in accordance with Maryland General Corporation Law, so stockholder approval was not necessary.

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