The carnage in the real estate investment trust sector continues as new names hit new 52-week lows. The effect of rising interest rates is hitting the group hard and it’s not clear when the Fed might “pivot” to lower rates – late 2023, early 2024? In the meantime, these rate-sensitive REITs are not attracting buyers the way they used to.
Ashford Hospitality Trust, Inc. (NYSE:AHT) ("Ashford Trust" or the "Company") reported today that the Company expects to report occupancy of approximately 71% for the third