Ashford Hospitality Prime, Inc. (AHP) Given Average Recommendation of “Hold” by Analysts

Shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $13.40.

A number of equities research analysts recently issued reports on AHP shares. ValuEngine raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub raised Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Robert W. Baird reissued a “hold” rating and set a $11.00 price target on shares of Ashford Hospitality Prime in a research report on Friday, September 8th. Finally, B. Riley reissued a “buy” rating on shares of Ashford Hospitality Prime in a research report on Friday, November 3rd.

In other Ashford Hospitality Prime news, EVP Jeremy Welter bought 20,000 shares of Ashford Hospitality Prime stock in a transaction on Tuesday, November 7th. The shares were purchased at an average price of $8.90 per share, with a total value of $178,000.00. Following the acquisition, the executive vice president now owns 551 shares in the company, valued at approximately $4,903.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 10.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Ashford Hospitality Prime by 17.2% in the 1st quarter. Vanguard Group Inc. now owns 4,275,883 shares of the real estate investment trust’s stock valued at $45,367,000 after purchasing an additional 626,155 shares in the last quarter. State Street Corp boosted its holdings in shares of Ashford Hospitality Prime by 17.0% in the 2nd quarter. State Street Corp now owns 1,099,981 shares of the real estate investment trust’s stock valued at $11,320,000 after purchasing an additional 160,134 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Ashford Hospitality Prime by 0.3% in the 2nd quarter. LSV Asset Management now owns 781,991 shares of the real estate investment trust’s stock valued at $8,046,000 after purchasing an additional 2,503 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Ashford Hospitality Prime by 25.1% in the 2nd quarter. Prudential Financial Inc. now owns 757,786 shares of the real estate investment trust’s stock valued at $7,797,000 after purchasing an additional 152,070 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Ashford Hospitality Prime by 56.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 700,678 shares of the real estate investment trust’s stock valued at $7,210,000 after acquiring an additional 251,717 shares in the last quarter. 69.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ashford Hospitality Prime (NYSE:AHP) opened at $9.26 on Friday. The stock has a market capitalization of $291.87, a P/E ratio of 5.47 and a beta of 1.18. Ashford Hospitality Prime has a 12-month low of $8.74 and a 12-month high of $14.87. 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 announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend was Thursday, September 28th. Ashford Hospitality Prime’s dividend payout ratio is presently -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.

Analyst Recommendations for Ashford Hospitality Prime (NYSE:AHP)

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