Ashford Hospitality Trust Inc. (NYSE: AHT) dropped 36% after announcing a preliminary RevPAR of around $91.27 for June, a 256% YoY increase. For May, its RevPAR was $75.66, which is a 414% Yoy Increase. For the second quarter of 2021, the company expected an increase of 372% in RevPAR for […]
Tag: NYSE AHT
Ashford Hospitality Trust, Inc. (NYSE: AHT) Announces Reverse Split of the Common Stock
Ashford Hospitality Trust, Inc. (NYSE: AHT) is the real estate investment trust (REIT) that focuses mainly on full-service, upscale hotels. The REIT recently announced that it is going for a reverse split of the common stock with a 1:10 ratio. From the date of reverse split effectiveness, the company’s issued […]