Ashford Inc
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Financials : Capital Markets | Small Cap Blend
Company profile

Ashford Inc. provides asset management and advisory services to other entities, primarily within the hospitality industry. The Company operates in the segment of asset and investment management, which includes managing the day-to-day operations of Ashford Hospitality Prime, Inc. (Ashford Prime) and its subsidiaries. The Company serves as the advisor to Ashford Prime, an New York Stock Exchange (NYSE)-listed real estate investment trust (REIT) that invests primarily in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels in gateway and resort locations. The Company also serves as the advisor to Ashford Hospitality Trust, Inc. (Ashford Trust), which is focused on investing opportunistically in the hospitality industry with a focus on upscale and upper-upscale hotels in the United States. The Company conducts its business and owns substantially all of its assets through an operating entity, Ashford Hospitality Advisors LLC (Ashford LLC).

Closing Price
$20.85
Day's Change
-0.68 (-3.16%)
Bid
--
Ask
--
B/A Size
--
Day's High
21.17
Day's Low
20.66
Volume
(Average)
Volume:
8,524

10-day average volume:
8,964
8,524

Retailer, consumer discretionary stocks suffer as weak consumption fuels PMI drop into contraction territory

12:31 pm ET September 3, 2019 (MarketWatch)
Print

Shares of retailers and companies selling consumer discretionary goods suffered broad declines Tuesday, as a surprise contraction in manufacturing activity (http://www.marketwatch.com/story/ism-manufacturing-index-falls-below-50-indicating-contraction-in-activity-2019-09-03) in August was hurt by a sharp drop-off in consumption. The SPDR S&P Retail ETF (XRT) slid 1.6%, to underperform the S&P 500's 0.8% decline, as 73 of 87 components lost ground.The SDPR Consumer Discretionary Select Sector ETF (XLY), which tracks sellers of what people want, fell 0.3% with 49 of 62 components declining, while SPDR Consumer Staples Select Sector ETF (XLP), which tracks sellers of what people need, rose 0.2% with 22 of 33 components gaining ground. Among the more-active consumer discretionary stocks, Ford Motor Co. (F) slid 0.6%, Macy's Inc. (M) lost 2.2%, Victoria's Secret-parent L Brands Inc. (LB) gave up 2.2% and Gap Inc. (GPS) shed 3.4%, while Amazon.com Inc (http://www.marketwatch.com/story/amazon-stock-a-rare-gainer-after-price-target-boosted-to-street-high-2600-2019-09-03). (AMZN) advanced 1.1% and Starbucks Corp. (SBUX) tacked on 0.5%. The Institute of Supply Management said earlier its purchasing managers index (PMI) fell to 49.1, the lowest reading seen since January 2016, with consumption, as measured by production and employment, contributed the "strongest negative numbers" to the PMI, driven by lack of demand.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 03, 2019 12:31 ET (16:31 GMT)

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