|Over a week ago|
Ashford price target raised to $10 from $7.50 at B. Riley Securities » 08:0903/2303/23/21
B. Riley Securities…
B. Riley Securities analyst Bryan Maher raised the firm's price target on Ashford to $10 from $7.50 and keeps a Neutral rating on the shares following the company's Q4 results.
|Over a quarter ago|
Ashford price target lowered to $7.50 from $9 at B. Riley Securities » 08:2011/2411/24/20
B. Riley Securities…
B. Riley Securities analyst Bryan Maher lowered the firm's price target on Ashford to $7.50 from $9 and keeps a Neutral rating on the shares. The analyst reduced estimates for Q4 through 2022 saying the recent resurgence of COVID-19 leads to increased uncertainty surrounding the timing of a lodging recovery.
Ashford says NYSE American accepts compliance plan » 16:2111/0311/03/20
Ashford announced that…
Ashford announced that the NYSE American has accepted the company's plan of compliance for continued listing on the exchange. The company's stock will continue to be listed on the NYSE American during the plan period pursuant to an extension.
Ashford receives NYSE non-compliance notice » 16:2008/2708/27/20
Ashford has been notified…
Ashford has been notified that the company is no longer in compliance with NYSE American continued listing standards which require a listed company to have stockholders' equity of $2M or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. The company reported a stockholders' deficit of $159.1M as of June 30, and has had losses from continuing operations and/or net losses in each of its five most recent fiscal years, except for FY18. However, the NYSE American will not normally consider suspending dealings in, or removing from the list, the securities of a listed company if it is in compliance with total value of market capitalization of at least $50M; or total assets and revenue of $50M each in its last fiscal year, or in two of its last three fiscal years; and the listed company has at least 1.1 million shares publicly held, a market value of publicly held shares of at least $15M and 400 round lot shareholders. As of August 26, the company was in compliance with the boh standards because it had total assets and total revenue of at least $50M in its last fiscal year. The company must submit a plan of compliance by September 25 addressing how it intends to regain compliance by February 26, 2022, or sooner if the NYSE American determines it. The company will submit its plan accordingly. The company's stock will continue to be listed on the NYSE American while the company evaluates its various alternatives.
Ashford price target lowered to $9 from $12 at B. Riley FBR » 08:2508/1708/17/20
B. Riley FBR analyst…
B. Riley FBR analyst Bryan Maher lowered the firm's price target on Ashford to $9 from $12 and keeps a Neutral rating on the shares. The analyst reduced estimates despite Ashford's Q2 beat to reflect uncertainty on the pace of the lodging recovery.
SEC investigating Texas hotelier Monty Bennett's companies, WSJ reports » 09:4508/0408/04/20
AHT, AINC, BHR
The Securities and…
The Securities and Exchange Commission is investigating companies affiliated with Texas hotelier Monty Bennett, whose companies were among the biggest recipients of federal government bailout money, The Wall Street Journal's Konrad Putzier reports. Ashford Hospitality Trust (AHT), a hotel owner affiliated with Bennett, said in its quarterly earnings report that the SEC sent an "administrative subpoena" requesting documents and information in June, according to a Monday public securities filings. Two other companies affiliated with Bennett, Ashford (AINC) and Braemar Hotels & Resorts (BHR) also received subpoenas, Ashford Hospitality Trust said. Reference Link
Ashford price target raised to $12 from $10 at B. Riley FBR » 09:1206/2606/26/20
B. Riley FBR analyst…
B. Riley FBR analyst Bryan Maher raised the firm's price target on Ashford to $12 from $10 and keeps a Neutral rating on the shares. The analyst reduced estimates following Ashford's Q1 miss but notes that cost cuts will counter the impact of COVID-19.