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Why Ashford Hospitality Trust Dived by 8% Today

Why Ashford Hospitality Trust Dived by 8% Today

Ashford Hospitality Trust (NYSE: AHT) probably lost a bit of trust with its investors on Tuesday. In a regulatory filing, Ashford disclosed that an entity called Seven Knots is purchasing slightly over 40 million new shares of the company's common stock. Ashford, a real estate investment trust (REIT) that specializes in hotels, did not get more specific about the sale schedule.