Market Globalist

Why Ashford Hospitality Trust, Inc (AHT) stock price fluctuated on Tuesday?

Ashford Hospitality Trust, Inc (AHT) stock sink 10.42% on Tuesday, May 4, 2021, but it did some recovery in the after-markets and gain 5.65% to close the day at $3.18 per share.

AHT shares have plunged 57.60% over the last 12 months, and they have moved up by 59.26% in the past week. Over the past three months, the stock has gained 11.48%, while over the past six months, it has surged 133.33%.

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Let’s discuss its recent news

Q1 2021 Financial results announcement

Ashford Trust has reported its financial results for the first quarter after the market closes on Tuesday, May 4, 2021, and will host a conference call on Wednesday, May 5, 2021, at 12:00 p.m. ET.

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Q1 2021 financial highlights

Q4 and FY 2020 financial results announcement

On February 24, 2021, Ashford Hospitality Trust released financial results for the fourth quarter and the full year ended December 31, 2020.

Q4 2020 highlights

FY2020 financial highlights

Closing corporate financing

On January 15, 2021, Ashford Hospitality Trust, Inc. closed the previously announced strategic financing from funds managed by Oaktree Capital Management, L.P. The Company took $200 million on the financing at closing and has the option to draw down an additional $250 million.

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Conclusion

Well, the hospitality industry got the hardest hit due to the Covid-19 pandemic and AHT financial results are improved but financial numbers are still very low and not promising. In my opinion, the recent financial results are the reason behind its surge in the after-hours but it can go the other way around on Wednesday.

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