ASHFORD HOSPITALITY TRUST INC (AHT) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
AHT currently has 6.44M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 7695.37% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 14, 2026 |
10-Q filing | 6.4M shares outstanding |
6.4M | 0 |
| Nov 13, 2025 |
10-Q filing | 6.1M shares outstanding |
6.1M | 0 |
| Aug 14, 2025 |
10-Q filing | 5.9M shares outstanding |
5.9M | 0 |
| May 14, 2025 |
10-Q filing | 5.7M shares outstanding |
5.7M | 0 |
| Apr 29, 2025 |
S-3 filing: The filing is a registration statement for Ashford Hospitality Trust, Inc. relating to the potential sale of common stock, preferred stock, depositary shares, debt securities, warrants, rights and units up to a total dollar amount of $500,000,000. |
5.6M | 0 |
| Apr 02, 2025 |
POS AM filing: Ashford Hospitality Trust is offering 12,000,000 shares of Series L and Series M Redeemable Preferred Stock in a primary offering and up to 4,000,000 shares through a dividend reinvestment plan, with a liquidation preference of $25.00 per share. |
5.6M | 0 |
| Mar 21, 2025 |
10-K filing | 5.8M shares outstanding |
5.8M | 0 |
| Jan 28, 2025 |
8-K filing: Ashford Hospitality Trust, Inc. executed Amendment No. 13 to the Partnership Agreement in connection with the Company's public offering of Series L and Series M Redeemable Preferred Stock, reclassifying 5,000,000 unissued shares of common stock as unclassified preferred stock. 11,200,000 shares of Series L Preferred Stock and 4,800,000 shares of Series M Preferred Stock were designated. |
400M | 0 |
| Nov 12, 2024 |
10-Q filing | 5.1M shares outstanding |
5.1M | 0 |
| Oct 25, 2024 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 50,196,580 → 5,500,000 |
5.5M | 0 |
| Aug 22, 2024 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged approximately 2,461,271 shares of its common stock for approximately 135,002 shares of its Preferred Stock between July 17, 2024 and August 22, 2024. |
50M | 0 |
| Aug 08, 2024 |
10-Q filing | 50.2M shares outstanding |
50M | 0 |
| Jul 08, 2024 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged common stock for preferred stock in privately negotiated agreements between June 7, 2024 and July 2, 2024, and between March 1, 2024 and March 12, 2024. |
38M | 2.9M |
| May 09, 2024 |
10-Q filing | 38.5M shares outstanding |
38M | 2.9M |
| Mar 14, 2024 |
10-K filing | 39.6M shares outstanding |
40M | 1.8M |
| Dec 28, 2023 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 2,109,561 shares of its common stock for 320,290 shares of preferred stock between December 11, 2023 and December 26, 2023. |
34M | 6.9M |
| Dec 06, 2023 |
8-K filing: Ashford Hospitality Trust, Inc.'s subsidiaries entered into a Contribution Agreement with Stirling REIT OP, LP, contributing equity interests in four hotel assets in exchange for 1,400,943 Class I units of the Stirling Operating Partnership. ($35.0M proceeds) |
34M | 6.9M |
| Nov 08, 2023 |
10-Q filing | 34.5M shares outstanding |
34M | 6.9M |
| Aug 09, 2023 |
10-Q filing | 34.4M shares outstanding |
34M | 7M |
| May 08, 2023 |
10-Q filing | 34.4M shares outstanding |
34M | 7M |
| Mar 10, 2023 |
10-K filing | 34.3M shares outstanding |
34M | 7M |
| Nov 07, 2022 |
10-Q filing | 34.4M shares outstanding |
34M | 7M |
| Sep 14, 2022 |
8-K filing: Ashford Hospitality Trust, Inc. executed Amendment No. 11 to the Seventh Amended and Restated Agreement of Limited Partnership in connection with the Company's public offering of its Series J and Series K Redeemable Preferred Stock and filed articles supplementary to reclassify shares of preferred stock and remove certain provisions. |
34M | 7.1M |
| Aug 05, 2022 |
10-Q filing | 34.3M shares outstanding |
34M | 7.1M |
| May 06, 2022 |
10-Q filing | 34.3M shares outstanding |
34M | 7.1M |
| Apr 29, 2022 |
8-K filing: Ashford Hospitality Trust, Inc. executed Amendment No. 10 to its partnership agreement in connection with a public offering of Series J and Series K Redeemable Preferred Stock, authorizing the issuance of 28,000,000 Series J and Series K Redeemable Preferred Units. The company also reclassified and restored authorized but unissued preferred stock, resulting in the authority to issue 400,000,000 shares of common stock and 50,000,000 shares of preferred stock. |
400M | 0 |
| Apr 29, 2022 |
S-3/A filing: Ashford Hospitality Trust, Inc. is offering a maximum of 20,000,000 shares of Series J or Series K Redeemable Preferred Stock in a primary offering and up to 8,000,000 shares pursuant to a dividend reinvestment plan. |
34M | 6.9M |
| Mar 30, 2022 |
S-3/A filing: This is an S-3/A filing to file a Form of Senior Indenture as Exhibit 4.4 and a Form of Subordinated Indenture as Exhibit 4.5 to the Registration Statement. |
34M | 6.9M |
| Mar 04, 2022 |
S-3 filing: Ashford Hospitality Trust, Inc. is offering a maximum of 20,000,000 shares of Series J or Series K Redeemable Preferred Stock in a primary offering and up to 8,000,000 shares through a dividend reinvestment plan, with the intent to use the net proceeds for general corporate purposes. |
34M | 6.9M |
| Mar 04, 2022 |
S-3 filing: This S-3 filing from Ashford Hospitality Trust, Inc. relates to the offer and sale of up to 5,145,888 shares of common stock by the selling stockholder, M3A LP, pursuant to a Common Stock Purchase Agreement. |
34M | 6.9M |
| Mar 03, 2022 |
S-3 filing: Registration of common stock issuable upon exercise of warrants by selling stockholders. |
34M | 1.7M |
| Mar 01, 2022 |
S-3 filing: Ashford Hospitality Trust files an S-3 registration statement to register common stock, preferred stock, depositary shares, debt securities, warrants, rights and units for potential sale up to $300,000,000. |
34M | 0 |
| Feb 28, 2022 |
10-K filing | 34.5M shares outstanding |
34M | 0 |
| Dec 28, 2021 |
Stock Split
8-K filing: Ashford Hospitality Trust, Inc. exchanged 703,003 shares of its common stock for 366,174 shares of preferred stock between October 8, 2021 and December 27, 2021, and from December 8, 2020 through December 27, 2021, the Company exchanged 8,055,394 shares of Common Stock for 9,190,882 shares of Preferred Stock. The company's board of directors approved a reverse stock split of the company's issued and outstanding Common Stock at a ratio of 1-for-10, effective as of the close of business on July 16, 2021. |
34M | 0 |
| Nov 08, 2021 |
10-Q filing | 33.9M shares outstanding |
34M | 0 |
| Oct 13, 2021 |
8-K filing: Ashford Hospitality Trust entered into Amendment No. 1 to its Credit Agreement with Oaktree Capital Management, which includes provisions for the issuance of warrants to purchase 1,745,260 shares of common stock, representing 19.9% of the outstanding common stock on the closing date of the credit facility. |
30M | 0 |
| Oct 12, 2021 |
Stock Split
8-K filing: Ashford Hospitality Trust, Inc. exchanged 7,352,391 shares of Common Stock for 8,824,708 shares of Preferred Stock from December 8, 2020 through October 7, 2021 and a reverse stock split of 1-for-10 was effective as of the close of business on July 16, 2021. |
30M | 0 |
| Sep 10, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. entered into a common stock purchase agreement with M3A LP, allowing the Company to sell up to 6,040,888 shares of common stock to M3A over a 36-month period, subject to certain conditions and limitations. |
30M | 0 |
| Aug 06, 2021 |
10-Q filing | 28.0M shares outstanding |
28M | 0 |
| Jul 02, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. entered into a common stock purchase agreement with B. Riley Principal Capital, LLC, allowing the company to sell up to 46,227,744 shares of common stock to B. Riley over a 24-month period. |
230M | 0 |
| Jun 21, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. entered into a common stock purchase agreement with Seven Knots, LLC, potentially allowing the Company to sell up to 40,093,080 shares of common stock over a 24-month period. |
200M | 0 |
| Jun 08, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. entered into a Standby Equity Distribution Agreement with YA II PN, Ltd., to sell up to 37,904,554 shares of its common stock. |
150M | 0 |
| Jun 01, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 7,540,672 shares of its common stock for 849,440 shares of its preferred stock between May 9, 2021 and May 28, 2021, and cumulatively exchanged 58,356,610 shares of common stock for 7,454,418 shares of preferred stock from December 8, 2020 through May 28, 2021. |
150M | 0 |
| May 18, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. entered into a common stock purchase agreement with Keystone Capital Partners, LLC, allowing the Company to sell up to 30,658,050 shares of common stock to Keystone over a 24-month period, and issued 40,323 commitment shares to Keystone upon entering the agreement. |
150M | 0 |
| May 10, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 7,490,238 shares of its common stock for 736,940 shares of Preferred Stock from April 19, 2021 through May 7, 2021 and inclusive of amounts previously reported, from December 8, 2020 through May 7, 2021, the Company has exchanged 50,815,938 shares of Common Stock for 6,604,978 shares of Preferred Stock. |
100M | 0 |
| May 10, 2021 |
10-Q filing | 145.3M shares outstanding |
150M | 0 |
| Apr 19, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 6,377,986 shares of its common stock for an aggregate of 552,448 shares of Preferred Stock from April 8, 2021 through April 15, 2021. |
100M | 0 |
| Apr 09, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 5,428,898 shares of its common stock for 573,830 shares of Preferred Stock between March 31, 2021 and April 7, 2021. |
100M | 0 |
| Apr 02, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 5,490,832 shares of its common stock for 713,856 shares of preferred stock between March 19, 2021 and March 30, 2021. Inclusive of amounts previously reported, from December 8, 2020 through March 30, 2021, the Company has exchanged 31,518,816 shares of Common Stock for 4,741,760 shares of Preferred Stock. |
100M | 0 |
| Mar 16, 2021 |
10-K filing | 103.4M shares outstanding |
100M | 0 |
| Mar 15, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, allowing the company to sell up to 20,660,880 shares of common stock to Lincoln Park over a 24-month period, and issued 162,655 Commitment Shares to Lincoln Park as consideration for entering the agreement. |
100M | 0 |
| Mar 11, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 7,147,827 shares of its common stock for 864,912 shares of its preferred stock between March 3, 2021 and March 9, 2021. From December 8, 2020 through March 9, 2021, the Company has exchanged 26,027,984 shares of Common Stock for 4,027,904 shares of Preferred Stock. |
53M | 0 |
| Mar 03, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 5,776,125 shares of its common stock for 844,579 shares of its preferred stock between February 24, 2021 and March 1, 2021. Inclusive of amounts previously reported, from December 8, 2020 through March 1, 2021, the Company has exchanged 18,880,157 shares of Common Stock for 3,162,992 shares of Preferred Stock. |
53M | 0 |
| Feb 24, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 3,759,300 shares of its common stock for 635,000 shares of preferred stock between February 8, 2021 and February 22, 2021. |
53M | 0 |
| Feb 02, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 4,028,553 shares of its common stock for 730,802 shares of its preferred stock from January 25, 2021 through January 29, 2021. |
53M | 0 |
| Jan 22, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. entered into a Standby Equity Distribution Agreement with YA II PN, Ltd., allowing the Company to sell up to 13,718,319 shares of its common stock. |
53M | 0 |
| Jan 21, 2021 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 2,528,144 shares of its common stock for 408,434 shares of Preferred Stock between January 8, 2021 and January 19, 2021, and cumulatively exchanged 5,316,179 shares of Common Stock for 952,611 shares of Preferred Stock from December 8, 2020 through January 19, 2021. |
53M | 0 |
| Dec 30, 2020 |
8-K filing: Ashford Hospitality Trust, Inc. exchanged 2,788,035 shares of its common stock for an aggregate of 544,177 shares of preferred stock between December 8, 2020 and December 29, 2020. |
53M | 0 |
| Dec 08, 2020 |
8-K filing: Ashford Hospitality Trust, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, allowing the Company to sell up to $40 million of common stock, and issued 190,840 shares of common stock to Lincoln Park as consideration for the agreement. |
53M | 0 |
| Nov 25, 2020 |
8-K filing: Ashford Hospitality Trust, Inc. closed its offers to exchange preferred stock for newly issued shares of common stock, issuing approximately 38,388,760 new shares of Common Stock, increasing the total number of shares of Common Stock outstanding to approximately 53,017,008 shares. |
53M | 0 |
| Nov 09, 2020 |
10-Q filing | 10.2M shares outstanding |
10M | 0 |
| Sep 10, 2020 |
8-K filing: Ashford Hospitality Trust, Inc. commenced offers to exchange any and all shares of its Series D, F, G, H, and I Preferred Stock for newly issued shares of the Company's common stock and cash, with a maximum of 126,048,813 shares of Common Stock to be issued. |
10M | 0 |
| Aug 03, 2020 |
10-Q filing | 10.3M shares outstanding |
10M | 0 |
| Jul 15, 2020 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 100,470,000 → 10,047,000 |
10M | 0 |
| May 28, 2020 |
10-Q filing | 100.5M shares outstanding |
100M | 0 |
| Mar 12, 2020 |
10-K filing | 99.8M shares outstanding |
100M | 0 |