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

UPDATE: Fannie, Freddie stocks soar after Mnuchin says deal is close to end profit sweep

4:26 pm ET September 9, 2019 (MarketWatch)
Print

Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) both shot up 14% in premarket trading Monday, after Treasury Secretary Steven Mnuchin said on Fox Business that an agreement between the Treasury and the Federal Housing Finance Agency soon that ends the Fannie and Freddie profit sweep. Mnuchin said the deal would allow the government-sponsored enterprises to begin retaining earnings. Fannie's stock tumbled 8.8% on Friday and Freddie's shares shed 8.2% after the Trump administration unveiled its plan for housing finance reform (http://www.marketwatch.com/story/fannie-mae-freddie-mac-stocks-sink-on-heavy-volume-after-trump-administration-plan-unveiled-2019-09-06), which included a recapitalization and ending the conservatorship (http://www.marketwatch.com/story/trump-administration-unveils-sweeping-plan-to-reform-housing-finance-system-2019-09-05) of the GSEs. Fannie shares have rallied 79.5% and Freddie's stock has climbed 71.3% over the past 12 months, while the S&P 500 has gained 3.7%.

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

(END) Dow Jones Newswires

September 09, 2019 16:26 ET (20:26 GMT)

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