Ashford Hospitality Prime (NYSE:AHP) is scheduled to announce its earnings results after the market closes on Wednesday, February 28th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.
Ashford Hospitality Prime (NYSE:AHP) opened at $8.97 on Monday. Ashford Hospitality Prime has a one year low of $8.44 and a one year high of $13.44. The company has a debt-to-equity ratio of 2.57, a quick ratio of 3.77 and a current ratio of 3.77. The firm has a market capitalization of $288.13, a price-to-earnings ratio of -35.88 and a beta of 1.00.
Ashford Hospitality Prime declared that its Board of Directors has authorized a stock buyback program on Monday, December 11th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
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.
Receive News & Ratings for Ashford Hospitality Prime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Prime and related companies with MarketBeat.com's FREE daily email newsletter.