AHTASHFORD HOSPITALITY TRUST INC · NYSE · $15.65M mkt cap
Assessed Sep 2, 2026 · Reassessment
Is the float you're seeing correct?
6.40M
Estimated float

Insight Sentry reported float (6,400,958) reconciles exactly against the 2026-08-10 cover-page count of 6,469,814, implying ~68,856 affiliate/restricted shares (1.1%).

Confirmed · within 1%
6.40M
Reported float

Data-service feed, fetched today. The number TradingView and most screeners show.

Your screener's float is right for AHT. Trade off 6.40M shares. What it does not show you is what is about to be added to it.

Dilution risk8/10HIGH
CONFIDENCE: MEDIUM

The float your screener shows is right, at 6.40M. An active $89.1M ATM, 3 convertible notes and 3 reverse splits can add another 1,111% of the float.

  • Floorless variable-rate preferred conversion overhang. Series J/K/L/M Redeemable Preferred ($226.2M carrying value across 9,204,378 preferred shares) is redeemable at the HOLDER's option at any time at $25.00 stated value, and the Company may settle that…

  • Preferred stock exchange overhang (listed Series D/F/G/H/I). Five NYSE-listed cumulative preferred series (D, F, G, H, I) total 5,691,378 shares at $25.00 liquidation preference = ~$142.3M face, versus a $20.3M common market cap.

  • Oversized ATM and shelf capacity relative to market cap. The Virtu ATM has ~$89.1M of remaining capacity and the universal S-3 shelf has $500M undrawn — a combined $589M against a $20.3M common market cap (29x).

From today's float to the ceiling

shares
6.40M
Estimated float
tradeable today
+0 can sell now
6.40M
Effective supply
float plus what sells on notice
+142.21M if floors are cut and warrants exercise
148.61M
Fully diluted
ceiling

Ceiling computed from the itemised overhang.

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
6.40M
Can sell now
Warrants in the money
None of the outstanding warrants are exercisable at this price.
+0
Effective supply
6.40M
Converts only if floors are cut
Convertible notes
At the stated conversion prices; a cut to those prices raises the count.
+71.12M
Notes with no conversion price set
Sized in dollars until a price or floor is set; not counted in the ceiling.
$40.00M
Preferred stock, as converted
Common equivalent at the stated conversion ratio.
+71.02M
Above the current price
Options and RSUs
Employee equity; vests and settles over time.
+69.0K
Fully diluted
148.61M

ATM program active with $89.1M of registered capacity remaining. Sales are paced by the agent against daily volume; the headline figure is not the near-term supply.

Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.

Engine fully-diluted count (77.58M) is below the itemised overhang; ceiling computed from the rows.

See the full breakdown

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The facts

Price
—
Market cap
$15.65M
Shares outstanding
6.47M
Reported float
6.40M
Avg volume
506.0K
Reverse splits
3 · latest 1-for-10 · Oct 28, 2024
Going concern
Yes · 0 quarters runway
Quarterly burn
—

Market data as of Oct 21, 2026

Key dates

  • Nov 15, 2026 · expiration of the $40M related-party draw facility from Ashford LLC — losing this liquidity source raises the probability of stock-settled preferred redemptions
  • Dec 14, 2026 · shareholder rights plan (Series N) expires unless extended or redeemed
AHT Float & Dilution Analysis | ShareStructure.io