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Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:11 EDTAHT, AHPAshford Hospitality Prime completes acquisition of Pier House Resort and Spa
Ashford Hospitality Prime (AHP) announced it has completed the acquisition of the 142-room Pier House Resort and Spa from Ashford Hospitality (AHT) for a total consideration of $92.M. In connection with the transaction, the company has assumed the existing $69Mproperty level debt financing that Ashford Trust closed in September 2013. The balance of the purchase price was funded with proceeds from the company's January equity offering.
News For AHP;AHT From The Last 14 Days
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January 29, 2015
08:31 EDTAHTAshford Hospitality forms new company dedicated to premium hotels
Ashford Hospitality's (AHT) board of directors has approved the formation of Ashford Hospitality Select, Inc. a new privately-held company dedicated to investing primarily in existing premium branded, upscale and upper-midscale, select-service hotels, including extended stay hotels, in the U.S: Ashford Select is expected to launch sometime in 1H15. Upon launch, Ashford Trust intends to contribute to Ashford Select a portfolio of 16 of its existing select-service hotels, located in ten states operated under upscale or upper-midscale premium brands affiliated with Marriott (MAR). The estimated valuation of the 16 select-service hotels being contributed to Ashford Select is approximately $331M, which equates to a trailing 12-month capitalization rate of approximately 7.5% on net operating income. Ashford Trust expects the consideration to be payable through Ashford Select's assumption of approximately $233M of non-recourse property-level debt related to the initial properties, with the balance of the consideration payable in cash and/or equity interests in Ashford Select. Ashford Select will be advised by Ashford Inc. (AINC).
January 21, 2015
10:01 EDTAHTOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ashford Hospitality (AHT) upgraded to Outperform from Neutral at Credit Suisse... BAE Systems (BAESY) upgraded to Buy from Neutral at Goldman... Bazaarvoice (BV) upgraded to Outperform from Market Perform at Cowen... Becton Dickinson (BDX) upgraded to Outperform at Cowen... CVS Health (CVS) upgraded to Buy from Neutral at Goldman... Camden Property (CPT) upgraded to Outperform from Neutral at Credit Suisse... ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill... Cornerstone OnDemand (CSOD) upgraded to Buy from Neutral at DA Davidson... Cree (CREE) upgraded to Overweight at Stephens... DDR Corp. (DDR) upgraded to Outperform from Neutral at Credit Suisse... EastGroup Properties (EGP) upgraded to Outperform from Neutral at Credit Suisse... Energy Transfer Partners (ETP) upgraded to Outperform from Neutral at Credit Suisse... Esperion (ESPR) upgraded at BofA/Merrill... Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Wells Fargo... FXCM (FXCM) upgraded to Market Perform from Underperform at Keefe Bruyette... Fair Isaac (FICO) upgraded to Overweight from Equal Weight at Barclays... Golar LNG (GLNG) upgraded to Buy from Hold at Nordea... Gran Tierra (GTE) upgraded to Buy at Canaccord... Host Hotels (HST) upgraded to Outperform from Neutral at Credit Suisse... J.M. Smucker (SJM) upgraded to Overweight from Neutral at JPMorgan... Kilroy Realty (KRC) upgraded to Neutral from Underperform at Credit Suisse... Level 3 (LVLT) upgraded to Outperform from Market Perform at Wells Fargo... Lowe's (LOW) upgraded to Overweight from Equal Weight at Morgan Stanley... Michael Kors (KORS) upgraded to Outperform at Cowen... Netflix (NFLX) upgraded at Nomura... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ruckus Wireless (RKUS) upgraded to Outperform from Market Perform at Northland... Santander Mexico (BSMX) upgraded to Neutral from Underperform at Credit Suisse... Scorpio Tankers (STNG) upgraded to Buy at Canaccord... Sprouts Farmers Markets (SFM) upgraded to Buy from Neutral at BofA/Merrill... Strategic Hotels (BEE) upgraded to Outperform from Neutral at Credit Suisse... The Medicines Co. (MDCO) upgraded to Outperform from Market Perform at Leerink... Whole Foods (WFM) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Neutral from Underperform at Exane BNP Paribas.
07:24 EDTAHTAshford Hospitality upgraded to Outperform from Neutral at Credit Suisse
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January 16, 2015
10:06 EDTAHPBofA/Merrill real estate analysts to hold an analyst/industry conference call
U.S. Real Estate Analyst Spector, along with EMEA Real State Analyst Bessell, HK/China Real Estate Analyst Ngai and ASEAN Real Estate Analyst Chua, discuss key trends in Global Property/Real Estate in 2015 on an Analyst/Industry conference call to be held on January 20 at 8 am.
10:01 EDTAHPOn The Fly: Analyst Downgrade Summary
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08:37 EDTAHPAshford Hospitality Prime downgraded to Underperform from Buy at BofA/Merrill
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