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Ashford Hospitality Trust Inc Add to portfolio

NYA:AHT, Sep 30, 03:40 UTC

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Monday, September 28


News

Reports Issued By Industry Analysts and Proxy Advisory Firm ISS Call into Question Rationale of Ashford Hospitality Trust, Inc.'s Proposed ~94% Dilutive Exchange Offers

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ATLANTA, Sept. 28, 2020 /PRNewswire/ -- Cygnus Capital, Inc. (together with its affiliates, "Cygnus Capital"), one of the largest stockholders of Ashford Hospitality Trust, Inc. (the "Company" or "AHT") (NYSE:AHT), beneficially owning approximately 7.8% of the Company's outstanding common stock, today highlighted significant reservations made by Institutional Shareholder Services ("ISS") in its report dated September 25, 2020 concerning AHT's upcoming special meeting of stockholders scheduled to be held on October 6, 2020. AHT is managed by AINC, another public company which on a fully diluted basis is owned ~70.1% by AHT's Chairman, Monty Bennett, his father and AHT's Chairman Emeritus, Archie Bennett, Jr., and other AHT insiders. Release a comparative analysis of how the AHT Board has argued they can't explore many alternative transactions because doing so would trigger a termination fee owed to AINC and yet they can simultaneously sign off and approve of a highly dilutive transaction to common stockholders that seems to only benefit AINC. Cygnus Capital believes that lenders to AHT would generally rather extend some terms to AHT than to foreclose assets. If AHT is able to make it through this difficult period, the common and preferred stock could dramatically recover.

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Friday, September 25


News

Ashford Hospitality Trust Inc (AHT) Soars 8.39% on September 25

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About 1.06 million shares traded hands on 4,323 trades for the day, compared with an average daily volume of n/a shares out of a total float of 13.06 million. Shares of Ashford Hospitality Trust Inc have been trading within a range of $34.80 and $1.78 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a. Ashford Hospitality Trust Inc. is a real estate investment trust that invests in full-service upscale and upper-upscale hotel properties in the U.S. All of its hotels are located across the U.S. and operate under the Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton brands. Ashford's sole segment is Direct Hotel Investments, through which it owns hotels by acquisition or development. Ashford also provides rest estate investment services, such as mezzanine financing, first mortgage financing, and sales-leaseback transactions. Its CEO is J. Robison Hays. For a complete fundamental analysis of Ashford Hospitality Trust Inc, check out Equities.com’s Stock Valuation Analysis report for AHT.

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News

Ashford Trust Files Investor Presentation Explaining Why It Recommends Voting In Favor Of The Two Proposals At The October 6th Special Meeting

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History also suggests a recovery will take at least four years, consistent with the U.S. hotel RevPAR recovery from the Financial Crisis over a decade ago and following the tragedy of 9/11. Ashford Trust believes its common shares currently trade at option value, inhibiting the Company's ability to grow and access capital. The Company agrees, which is why it did so four months ago. If Cygnus Capital has sourced potential capital partners for Ashford Trust, the Company would encourage Cygnus to reach out to RBC Capital Markets so they may follow up. Waiting around for a quick rebound in the industry to save the Company is not a viable option. Ashford Trust would like to remind investors that it has approximately $17 million in monthly debt service and corporate expenses. YOUR VOTE IS CRITICAL NO MATTER HOW MANY OR HOW FEW SHARES YOU OWN. If you do not vote, it will have the same effect as rejecting the proposed amendment to our corporate charter, which is necessary in order to complete the Exchange Offers and Consent Solicitation.

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Wednesday, September 23


News

Ashford Hospitality Trust Inc (AHT) Settles Into New 52-Week Low on September 23 Session

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With that said, whenever a stock falls into new negative territory, there usually is a compelling reason for it. After hitting a new 52-week low, Ashford Hospitality Trust Inc enters the new trading day with a market cap of 19.33 million, a 50-day SMA of $n/a and a 200-day SMA of $n/a. For a complete fundamental analysis analysis of Ashford Hospitality Trust Inc, check out Equities.com’s Stock Valuation Analysis report for AHT. Get started today by https://www.equities.com/trading-start. Ashford Hospitality Trust Inc. is a real estate investment trust that invests in full-service upscale and upper-upscale hotel properties in the U.S. Room revenue accounts for the majority of total revenue. Ashford Hospitality Trust Inc has 116 employees, is led by CEO J. Robison Hays, and makes its home in Dallas, TX. Ashford Hospitality Trust Inc is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market.

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News

Cygnus Capital, Inc. Continues to Urge Common Stockholders to Vote AGAINST All Proposals at Ashford Hospitality Trust, Inc.'s Upcoming Special Meeting of Stockholders to Prevent Massive Dilution By ~94%

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ATLANTA, Sept. 23, 2020 /PRNewswire/ -- Cygnus Capital, Inc. (together with its affiliates, "Cygnus Capital"), one of the largest stockholders of Ashford Hospitality Trust, Inc. (the "Company") (NYSE:AHT), beneficially owning approximately 7.8% of the Company's outstanding common stock, today issued another open letter to the Company's common stockholders, urging stockholders to vote AGAINST all proposals at the Company's upcoming special meeting of stockholders scheduled to be held on October 6, 2020. Apparently, it is more important that Monty Bennett and his father have their AINC dividends paid on time, rather than delay management fees to AINC to avoid a massive dilution of 94% to common stockholders of AHT. As a reminder, for the six months of this year, 67% of AINC's revenue in Q2 came from AHT. AINC and AHT insiders and board members initially cut, but then quickly reinstated their compensation in August in the form of cash and stock. While Cygnus Capital and other common stockholders appreciate the temporary gesture, we must ask, why not make the cuts more permanent if cash at AHT is so tight? These entities provide audio/visual and water sports services for AINC managed hotels. If these entities don't have enough working capital provided to them by AINC, they likely are not able to provide the high level of professional services required and expected by AHT guests and customers. But again, AINC has enough capital to pay the $7.8 million dividend per quarter on AINC's Series D Preferred Stock and full salaries to AINC insiders.

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Monday, September 21


News

Ashford Trust Sends Letter To Common Shareholders Explaining Why It Recommends Voting In Favor Of The Two Proposals At The October 6th Special Meeting

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In addition, the Company suspended its common stock dividend conserving approximately $7 million per quarter and suspended its preferred stock dividends conserving approximately $10.6 million per quarter. While we are hopeful that the economy will recover quickly, industry data is showing otherwise. Just one year of preferred dividends is more than our current equity market capitalization. If the Company is successful in exchanging all of its preferred stock into common stock, it will have the ability to provide an additional $565 million of potential value to future common equity holders that is not available today. Lack of understanding about our portfolio: Multiple aspects of their letter show a lack of understanding of the Company. For example, Cygnus' letter inaccurately claims that luxury is a meaningful portion of Ashford Trust's asset base, which it is not. Cygnus Capital has also disclosed similar ownership amounts of the Company's preferred stock, making it likely that they have initiated some sort of event-driven, short-term pair trade.

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News

Christopher Swann of Ashford Hospitality Trust, Inc. (NYSE:AHT) Just Spent US$1.3m On Shares

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{{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. Ashford Hospitality Trust, Inc. (NYSE:AHT) shareholders (or potential shareholders) will be happy to see that insider Christopher Swann recently bought a whopping US$1.3m worth of stock, at a price of US$4.10. Notably, that recent purchase by Christopher Swann is the biggest insider purchase of Ashford Hospitality Trust shares that we've seen in the last year. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. While Ashford Hospitality Trust insiders bought shares during the last year, they didn't sell. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Ashford Hospitality Trust insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision.

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Thursday, September 10


News

Ashford Hospitality Trust, Inc. Announces Commencement of Exchange Offers and Consent Solicitation for All Outstanding Series of Its Preferred Stock

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DALLAS, Sept. 10, 2020 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") commenced exchange offers (the "Exchange Offers") today for all of the issued and outstanding shares of its 8.45% Series D Cumulative Preferred Stock, par value $0.01 per share (the "Series D Preferred Stock"), 7.375% Series F Cumulative Preferred Stock, par value $0.01 per share (the "Series F Preferred Stock"), 7.375% Series G Cumulative Preferred Stock, par value $0.01 per share (the "Series G Preferred Stock"), 7.50% Series H Cumulative Preferred Stock, par value $0.01 per share (the "Series H Preferred Stock") and 7.50% Series I Cumulative Preferred Stock, par value $0.01 per share (the "Series I Preferred Stock", and together with the Series D Preferred Stock, the Series F Preferred Stock, the Series G Preferred Stock and the Series H Preferred Stock, the "Preferred Stock"), subject to certain conditions and any necessary proration. Additional information regarding these transactions can be found in the Company's investor presentation available at https://dealroadshow.finsight.com/retail-roadshows. If you have questions about the Exchange Offers, you should contact:. King & Co., Inc., as Information Agent and Exchange AgentBanks and Brokers Call Collect: (212) 269-5550All Others Call Toll-Free: (800) 967-4607Email: aht@dfking.com. Further, this communication is not a solicitation of a proxy from any security holder of the Company and shall not constitute the solicitation of an offer to buy securities.

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Wednesday, September 09


News

Ashford Hospitality Trust Inc (AHT) Settles Into New 52-Week Low on September 09 Session

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With that said, whenever a stock falls into new negative territory, there usually is a compelling reason for it. After hitting a new 52-week low, Ashford Hospitality Trust Inc enters the new trading day with a market cap of 26.08 million, a 50-day SMA of $n/a and a 200-day SMA of $n/a. For a complete fundamental analysis analysis of Ashford Hospitality Trust Inc, check out Equities.com’s Stock Valuation Analysis report for AHT. Get started today by https://www.equities.com/trading-start. Ashford Hospitality Trust Inc. is a real estate investment trust that invests in full-service upscale and upper-upscale hotel properties in the U.S. Room revenue accounts for the majority of total revenue. Ashford Hospitality Trust Inc has 116 employees, is led by CEO J. Robison Hays, and makes its home in Dallas, TX. Ashford Hospitality Trust Inc is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market.

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Tuesday, September 01


News

The Independent Director of Ashford Hospitality Trust, Inc. (NYSE:AHT), Benjamin Ansell, Just Bought 81% More Shares

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Potential Ashford Hospitality Trust, Inc. (NYSE:AHT) shareholders may wish to note that the Independent Director, Benjamin Ansell, recently bought US$146k worth of stock, paying US$2.92 for each share. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Insiders own 16% of Ashford Hospitality Trust shares, worth about US$6.4m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders. So What Do The Ashford Hospitality Trust Insider Transactions Indicate? Given that insiders also own a fair bit of Ashford Hospitality Trust we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision.

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