Braemar Hotels & Resorts Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Braemar Hotels & Resorts Inc., formerly Ashford Hospitality Prime, Inc., invests in high revenue per available room (RevPAR), luxury hotels and resorts. The Company conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership (Ashford Prime OP). The Company operates in the direct hotel investment segment of the hotel lodging industry. As of February 24, 2017, it owned interests in 11 hotel properties in six states, the District of Columbia and St. Thomas, the United States Virgin Islands with 3,702 total rooms, or 3,467 net rooms, excluding those attributable to its joint venture partner. The hotel properties in its portfolio are mainly located in the Unites States urban markets. The Company owns nine of its hotel properties directly, and the remaining two hotel properties through an investment in a majority-owned consolidated entity.

Closing Price
Day's Change
-0.04 (-1.65%)
B/A Size
Day's High
Day's Low

10-day average volume:

FedEx's stock paces Dow transports gainers after Stifel analyst turns bullish

10:10 am ET September 24, 2020 (MarketWatch)

Shares of FedEx Corp. (FDX) rallied 1.2% in morning trading Thursday, to pace the gainers in the Dow Jones Transportation Average , after Stifel Nicolaus analyst David Ross turned bullish on the package delivery giant, citing signs that FedEx has been a beneficiary of the COVID-19 pandemic. The stock's rally comes as the Dow transports inched up less than 0.1% and shares of chief rival United Parcel Service Inc. (UPS) shed 0.8%. In a research note titled, "Upgrading to buy; FedEx Flying High With Growing Package Pie," Ross raised his rating after being at hold for the past year, while boosting his price target to $281 from $175. "The big move in FDX off the lows earlier this year (Exhibit 1) has been warranted, in our view, as the world didn't come to an end, and FedEx has shown it is a "winner" from this odd 'pandemic' period," Ross wrote in a note to clients. The stock has rocketed 170% since closing at a more-than 7-year low of $90.49 on March 16, while UPS shares have rallied only 84% over the same time. Despite the outperformance off the post-COVID lows, Ross said FedEx's stock still trades at "an above-average discount" to UPS's. Year to date, FedEx shares have rallied 61.5%, UPS's stock has advanced 36.6%, the Dow transports has tacked on 1.8% and the Dow Jones Industrial Average has slipped 5.9%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

September 24, 2020 10:10 ET (14:10 GMT)

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