Shares of Ashford Hospitality Prime Inc. (NYSE:AHP) have been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the company. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $14.75.
Several equities research analysts recently weighed in on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $17.00 target price on shares of Ashford Hospitality Prime in a research note on Sunday, August 7th. FBR & Co upped their target price on shares of Ashford Hospitality Prime from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Ashford Hospitality Prime in a research note on Sunday, June 26th.
Shares of Ashford Hospitality Prime (NYSE:AHP) opened at 13.74 on Thursday. The stock’s 50 day moving average is $14.58 and its 200 day moving average is $13.58. The firm’s market capitalization is $352.35 million. Ashford Hospitality Prime has a 1-year low of $8.37 and a 1-year high of $17.64.
Ashford Hospitality Prime (NYSE:AHP) last announced its earnings results on Thursday, August 4th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.05. Ashford Hospitality Prime had a negative return on equity of 3.29% and a negative net margin of 2.86%. Equities analysts predict that Ashford Hospitality Prime will post $1.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, September 28th. Ashford Hospitality Prime’s dividend payout ratio is presently -87.27%.
Several large investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. increased its position in Ashford Hospitality Prime by 1.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,323 shares of the company’s stock worth $217,000 after buying an additional 262 shares during the period. Laurel Wealth Advisors Inc. increased its position in Ashford Hospitality Prime by 6.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 14,130 shares of the company’s stock worth $200,000 after buying an additional 875 shares during the period. Prudential Financial Inc. increased its position in Ashford Hospitality Prime by 4.2% in the first quarter. Prudential Financial Inc. now owns 68,749 shares of the company’s stock worth $802,000 after buying an additional 2,751 shares during the period. Thrivent Financial for Lutherans increased its position in Ashford Hospitality Prime by 5.3% in the second quarter. Thrivent Financial for Lutherans now owns 119,320 shares of the company’s stock worth $1,687,000 after buying an additional 6,000 shares during the period. Finally, Foundry Partners LLC increased its position in Ashford Hospitality Prime by 3.0% in the third quarter. Foundry Partners LLC now owns 249,775 shares of the company’s stock worth $3,522,000 after buying an additional 7,311 shares during the period. 83.73% of the stock is currently owned by institutional investors.
Ashford Hospitality Prime Company Profile
Ashford Hospitality Prime, Inc invests in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels in gateway and resort locations. The Company conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership. It operates in the direct hotel investment segment of the hotel lodging industry.
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