Ashford Hospitality adds to run after upgrade

|About: Ashford Hospitality Trus... (AHT)|By:, SA News Editor

In this deal so far, the "spinner" is working, the "spinee" not so much. Ashford Hospitality Trust (AHT +2.6%) adds to big gains since the spinoff of Ashford Prime (AHP +0.6%) late last year as JMP Securities upgrades AHT to Market Outperform.

The stock's ahead about 30% since the November move, while Ashford Prime - the upscale hotel spinoff - has lost about 20% of its value.