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Is Ashford Hospitality a REIT Worth Buying?

Published 05/04/2021, 11:13 AM
Updated 05/04/2021, 03:01 PM
© Reuters.  Is Ashford Hospitality a REIT Worth Buying?

© Reuters. Is Ashford Hospitality a REIT Worth Buying?

Ashford Hospitality Trust (NYSE:AHT), a REIT that focuses on upscale hotels, reported weak financials for its fourth quarter, ended December 31. But with ongoing, extensive vaccination drives and several hotels expected to reopen fully shortly, is AHT poised to rebound in the near term? Read on.Real estate investment trust (REIT) Ashford (NYSE:AINC) Hospitality Trust, Inc. (AHT) is focused on investing in upscale full-service hotels. Its hotel properties operate primarily under established brands such as Hilton, Hyatt, Marriott and Intercontinental Hotel Group. The stock has lost 10.4% over the past nine months to close yesterday’s trading session at $3.36. It is currently trading 82.1% below its 52-week high of $18.80.

On December 11, 2020, the company announced that it is continuing the suspension of its common stock and preferred dividends into fiscal 2021, due to disruptions in the business caused by the COVID-19 pandemic. It also reported weak financials in its last-reported quarter.

So, here’s what we think could shape AHT’s performance in the near term:

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