Zacks Investment Research upgraded shares of Ashford (NYSEAMERICAN:AINC) from a sell rating to a hold rating in a research note published on Thursday morning.
According to Zacks, “Ashford Inc. is a provider of asset management and other services to companies within the hospitality industry. It is focused on managing real estate, hospitality, and securities platforms. The Company serves as the advisor to two real estate investment trusts, namely Ashford Hospitality Trust (Ashford Trust) and Ashford Hospitality Prime (Ashford Prime). Ashford Trust is focused on investing in the hospitality industry primarily within the United States. Ashford Prime invests in high RevPAR full-service and urban select-service hotels and resorts. Ashford Inc. is based in Dallas, Texas. “
A number of other brokerages also recently weighed in on AINC. B. Riley set a $92.00 price target on shares of Ashford and gave the stock a hold rating in a report on Monday, March 5th. TheStreet downgraded shares of Ashford from a c- rating to a d rating in a report on Tuesday, March 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Ashford currently has a consensus rating of Hold and a consensus target price of $83.50.
Ashford (NYSEAMERICAN:AINC) last posted its quarterly earnings data on Thursday, March 1st. The financial services provider reported ($3.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($3.68). The business had revenue of $29.67 million during the quarter, compared to the consensus estimate of $27.54 million. Ashford had a negative net margin of 11.73% and a negative return on equity of 23.28%.
A number of large investors have recently modified their holdings of the stock. Millennium Management LLC acquired a new position in Ashford in the 4th quarter valued at approximately $212,000. Globeflex Capital L P acquired a new position in Ashford in the 4th quarter valued at approximately $262,000. California Public Employees Retirement System acquired a new position in Ashford in the 4th quarter valued at approximately $281,000. Bank of New York Mellon Corp acquired a new position in Ashford in the 4th quarter valued at approximately $292,000. Finally, Snow Park Capital Partners LP acquired a new position in Ashford in the 4th quarter valued at approximately $1,226,000.
Ashford Company Profile
Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas.
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