Shareholder urges Ashford Hospitality Trust to repurchase stock

January 12, 2016 2:27 AM

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An Ashford Hospitality Trust Inc activist shareholder is agitating for changes at the lodging industry-focused real estate investment trust (REIT), calling for a share buyback among its demands, according to a letter obtained by Reuters.

Rambleside Holdings, which owns less than 1 percent of the company, complained on Monday in a letter sent to Ashford Hospitality Trust's Chairman and CEO Monty Bennett that the company's stock was trading at a 52-week low and at half its peak value.

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