Equities analysts expect Ashford Hospitality Prime, Inc. (NYSE:AHP) to report $0.32 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Ashford Hospitality Prime’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.25. Ashford Hospitality Prime posted earnings per share of ($0.03) during the same quarter last year, which would indicate a positive year-over-year growth rate of 1,166.7%. The business is expected to announce its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Ashford Hospitality Prime will report full year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.68. For the next financial year, analysts forecast that the business will post earnings of $1.64 per share, with EPS estimates ranging from $1.45 to $1.80. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Ashford Hospitality Prime.
AHP has been the topic of several research analyst reports. ValuEngine upgraded shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. B. Riley restated a “buy” rating on shares of Ashford Hospitality Prime in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Robert W. Baird restated a “hold” rating and issued a $11.00 price objective on shares of Ashford Hospitality Prime in a research report on Friday, September 8th. Finally, BidaskClub upgraded shares of Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.17.
In other news, EVP Jeremy Welter bought 20,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $8.90 per share, for a total transaction of $178,000.00. Following the completion of the acquisition, the executive vice president now owns 551 shares of the company’s stock, valued at $4,903.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 10.00% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Schroder Investment Management Group bought a new position in shares of Ashford Hospitality Prime in the second quarter worth approximately $115,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Ashford Hospitality Prime in the third quarter worth approximately $109,000. Numeric Investors LLC bought a new position in shares of Ashford Hospitality Prime in the second quarter worth approximately $149,000. Voya Investment Management LLC grew its holdings in shares of Ashford Hospitality Prime by 16.3% in the second quarter. Voya Investment Management LLC now owns 17,628 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 2,477 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Ashford Hospitality Prime in the first quarter worth approximately $188,000. Hedge funds and other institutional investors own 69.64% of the company’s stock.
Shares of Ashford Hospitality Prime (NYSE:AHP) traded up $0.11 during trading on Friday, hitting $9.26. 241,000 shares of the stock were exchanged, compared to its average volume of 222,594. Ashford Hospitality Prime has a 52-week low of $8.74 and a 52-week high of $14.87. The stock has a market capitalization of $295.70, a P/E ratio of 5.54 and a beta of 1.18. The company has a debt-to-equity ratio of 2.57, a quick ratio of 3.84 and a current ratio of 3.77.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date of this dividend was Thursday, September 28th. Ashford Hospitality Prime’s payout ratio is currently -228.56%.
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Ashford Hospitality Prime Company Profile
Ashford Hospitality Prime, Inc invests in high revenue per available room (RevPAR), luxury hotels and resorts. The Company conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership (Ashford Prime OP). The Company operates in the direct hotel investment segment of the hotel lodging industry.
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