|Bid||11.31 x 1000|
|Ask||0.00 x 800|
|Day's Range||11.73 - 12.04|
|52 Week Range||4.61 - 17.21|
|Beta (5Y Monthly)||2.13|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 24, 2022 - Oct 28, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 30, 2019|
|1y Target Est||14.30|
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Good day, everyone, and welcome to today's conference call to review the results for Ashford Hospitality Trust for the second quarter of 2022 and to update you on recent developments. On the call today will be Rob Hays, president and chief executive officer; Deric Eubanks, chief financial officer; and Chris Nixon, senior vice president and head of asset management.
Ashford Hospitality Trust (AHT) delivered FFO and revenue surprises of 33.70% and 5.34%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report occupancy of approximately 73% for the second quarter of 2022 with an average daily rate ("ADR") of approximately $184 resulting in RevPAR of approximately $135. This RevPAR reflects an approximate increase of 73% compared to the second quarter of 2021 and a decrease of approximately 6% compared to the second quarter of 2019.