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: Stocks finish slightly lower after retail sales drop draws questions over consumers' health

4:19 pm ET October 16, 2019 (MarketWatch)
Print

U.S. stocks ended lower after the first drop in retail sales figures in seven months raised fears that weakness in the U.S. economy was broadening beyond the manufacturing sector. The S&P 500 fell 0.2% to finish near 2,990. The Dow Jones Industrial Average shed 21 points, or 0.1%, to end around 27,004, based on preliminary numbers. The Nasdaq Composite was down 0.3% to end near 8,124. Retail sales fell 0.3% in September, well below the 0.3% increase forecast from economists polled by MarketWatch. The prospect of a U.S.-China trade deal also came under doubt after China threatened to retaliate over bills moving through Congress backing pro-democracy protesters in Hong Kong. This comes as earnings season kicked off this week, with corporate results mostly topping analysts' expectations so far. Shares of Bank of America Corp. (BAC) rose 2% after the company reported third-quarter earnings that beat Wall Street expectations.

-Sunny Oh; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 16, 2019 16:19 ET (20:19 GMT)

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