Ashford Hospitality declares extension of mortgage loan, suspension of preferred dividends (AHT:NYSE)
Ashford Hospitality Trust (AHT) announced it has extended its mortgage loan and suspended preferred dividends, causing its shares to trade lower by 3.15% in pre-market trading. The hotel and resort REIT's stock fell to $4.18 following the news. The Dallas-based company also stated it has paid down some debt.