Shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) have received a consensus rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $13.40.
Several analysts have issued reports on the company. BidaskClub downgraded Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Canaccord Genuity reissued a “hold” rating and issued a $11.00 price target on shares of Ashford Hospitality Prime in a research note on Monday, June 26th. ValuEngine downgraded Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $11.00 target price on shares of Ashford Hospitality Prime in a research report on Friday, September 8th. Finally, Zacks Investment Research downgraded Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a research report on Wednesday, August 9th.
Shares of Ashford Hospitality Prime (NYSE AHP) traded down 0.78% on Wednesday, reaching $10.12. The company’s stock had a trading volume of 169,398 shares. The company has a 50 day moving average price of $9.83 and a 200 day moving average price of $10.10. The company has a market cap of $318.46 million, a P/E ratio of 26.22 and a beta of 1.17. Ashford Hospitality Prime has a 52-week low of $9.02 and a 52-week high of $14.87.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend was Thursday, September 28th. Ashford Hospitality Prime’s dividend payout ratio is currently 177.78%.
Several large investors have recently added to or reduced their stakes in AHP. Two Sigma Securities LLC bought a new position in Ashford Hospitality Prime during the first quarter worth about $110,000. Schroder Investment Management Group bought a new position in Ashford Hospitality Prime during the second quarter worth about $115,000. Numeric Investors LLC bought a new position in Ashford Hospitality Prime during the second quarter worth about $149,000. Voya Investment Management LLC grew its holdings in Ashford Hospitality Prime by 16.3% during 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 period. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Ashford Hospitality Prime during the first quarter worth about $188,000. 69.39% of the stock is currently owned by institutional investors and hedge funds.
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About Ashford Hospitality Prime
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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