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Ashford Hospitality Trust punished after BofA downgrade; Hersha cut as well

|About: Ashford Hospitality Trus... (AHT)|By:, SA News Editor

Ashford Trust (AHT -6.3%) is leading the lodging REITs lower after a two-notch downgrade from Buy to Underperform from Bank of America. The team also throws in the towel on Hersha Hospitality Trust (HT -2.5%), cutting to Neutral from Buy.

Previously: Ashford Trust: Our stock is undervalued (Aug. 6)

Previously: Hersha lifts guidance as buybacks boost FFO per share (July 29)

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