PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, February 7, 5:35 PM
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Slide #284. Ashford Hospitality Trust, Inc. — Preferred Stock Offering
Company:
Ashford Hospitality Trust, Inc. (NYSE:AHT)
Date announced:
8/16/2017
Shares Offered:
3,400,000
Date of Pricing:
8/16/2017
Price Per Share:
$25.00
Preferred Stock Offering Details:
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that it has priced its underwritten public offering of 3,400,000 shares of 7.50% Series H Cumulative Preferred Stock (the "Preferred Stock") at $25.00 per share. Dividends on the Preferred Stock will accrue at a rate of 7.50% per annum on the liquidation preference of $25.00 per share. Settlement of the offering is expected to occur on or about August 25, 2017. The underwriters have been granted an option to purchase an additional 510,000 shares as part of this offering.
Ashford Hospitality Trust, Inc. is a real estate investment trust (REIT). Co.'s portfolio consists of upscale hotels and upper upscale full-service hotels. Co. owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Co.'s hotel properties are primarily branded under the brands of Hilton, Hyatt, Marriott and Intercontinental Hotel Group. Co. operates through one segment: direct hotel investments. It has a portfolio consisting of 75 consolidated operating hotel properties, which represent 17,931 total rooms. It owns a 15.1 % ownership in OpenKey, Inc.
Preferreds: AHT.PRA, AHT.PRD, AHT.PRE, AHT.PRF, AHT.PRG, AHT.PRH, AHT.PRI
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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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