Ashford Hospitality Prime, Inc. (AHP) Stake Increased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in Ashford Hospitality Prime, Inc. (NYSE:AHP) by 2.6% during the first quarter, Holdings Channel reports. The institutional investor owned 58,109 shares of the real estate investment trust’s stock after buying an additional 1,467 shares during the period. Asset Management One Co. Ltd.’s holdings in Ashford Hospitality Prime were worth $609,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Great West Life Assurance Co. Can boosted its position in shares of Ashford Hospitality Prime by 12.1% in the first quarter. Great West Life Assurance Co. Can now owns 19,164 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 2,070 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Ashford Hospitality Prime by 8.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 28,807 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 2,364 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Ashford Hospitality Prime by 3.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 74,210 shares of the real estate investment trust’s stock worth $787,000 after buying an additional 2,500 shares during the period. Renaissance Technologies LLC boosted its stake in Ashford Hospitality Prime by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 147,516 shares of the real estate investment trust’s stock worth $2,014,000 after buying an additional 3,134 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Ashford Hospitality Prime by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 402,929 shares of the real estate investment trust’s stock worth $5,500,000 after buying an additional 3,875 shares during the period. 68.02% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ashford Hospitality Prime (NYSE:AHP)

Ashford Hospitality Prime, Inc. (NYSE:AHP) traded up 0.39% on Tuesday, hitting $10.24. 60,489 shares of the company were exchanged. The firm has a market cap of $279.21 million, a price-to-earnings ratio of 19.39 and a beta of 1.17. The stock has a 50 day moving average price of $10.06 and a 200 day moving average price of $11.87. Ashford Hospitality Prime, Inc. has a one year low of $9.28 and a one year high of $17.64.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend is Wednesday, June 28th. Ashford Hospitality Prime’s dividend payout ratio is 130.61%.

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AHP has been the topic of a number of recent analyst reports. FBR & Co reaffirmed a “buy” rating and set a $16.00 price target (down previously from $18.00) on shares of Ashford Hospitality Prime in a report on Thursday, February 23rd. Zacks Investment Research cut Ashford Hospitality Prime from a “buy” rating to a “strong sell” rating in a report on Tuesday, March 14th. JMP Securities reaffirmed a “market perform” rating on shares of Ashford Hospitality Prime in a report on Friday, April 7th. ValuEngine cut Ashford Hospitality Prime from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating and cut their price target for the company from $14.00 to $13.00 in a report on Friday, June 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.00.

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.

Want to see what other hedge funds are holding AHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ashford Hospitality Prime, Inc. (NYSE:AHP).

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