ASHFORD HOSPITALITY TRUST INC · REIT (real estate trust)

AHT

Elevated riskNext report: In 7 days (est.)

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The short version

A company still losing money with shrinking sales, with high risk.

Watch out for

Owes more than it owns (negative equity)
Share count growing 20.3% a year (dilution)
Losing money

Money moves

No insider buying or selling in the last 30 days
Institutions added 24% to their holdings in the quarter ending June 2026 (10 bought, 11 sold)

Facts from SEC filings, not a recommendation.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$273.2M-9.5% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.1B, down 5.8% from the 12 months before. Over 5 years, sales grew about 17% a year.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

0/5Weak

MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-16.3%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$15.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+74.0% in 3 years

Revenue: $1.1B; -5.8% vs prior year
5-year growth: +16.8%/yr; revenue, per year
Total debt: $2.5B
Free cash flow: -$15.7M; -1.4% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 12

Revenue: $273.2M; -9.5% YoY
EPS: $1.62; vs -$0.57
Op. margin: 71.9%; +55.6 pts
Free cash flow: -$7.4M
Share count: +9.5%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

56/ 100

This week: 1
Normal week: 0.8
vs normal: 1.3x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+24.3%

Institutions added 24.3% to their holdings. 10 bought, 11 sold.

Shares held by institutions1.6M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-42.6%

Cash runwayAt last year's cash burn

56 months

Debt to equityLatest balance sheet: debt compared with what owners have

Owes more than it owns

Shares outstandingLatest reported

Why elevated risk

Losing money
Owes more than it owns (negative equity)
13 offering filings in 6 months (may sell new shares)

Earnings reports

Last 12

Next reportIn 7 days (est.)Estimated from the same quarter last year

Results filedAug 12
Results filedMay 11
Results filedFeb 25
Results filedNov 4, 2025
Results filedJul 31, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Major agreementOct 21 · Form 8-K ↗Acquisition or sale completedOct 9 · Form 8-K ↗Offering prospectusOct 9 · Form 424B3 ↗Acquisition or sale completedOct 1 · Form 8-K ↗Offering prospectusOct 1 · Form 424B3 ↗Acquisition or sale completedAug 27 · Form 8-K ↗Offering prospectusAug 27 · Form 424B3 ↗Earnings resultsAug 12 · Form 8-K ↗Quarterly reportAug 12 · Form 10-Q ↗Acquisition or sale completedAug 6 · Form 8-K ↗Offering prospectusAug 6 · Form 424B3 ↗Acquisition or sale completedJul 8 · Form 8-K ↗Offering prospectusJul 8 · Form 424B3 ↗Acquisition or sale completedJul 6 · Form 8-K ↗Offering prospectusJul 6 · Form 424B3 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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