Seeking Alpha

Ashford Hospitality adds to run after upgrade

  • 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.
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