Wall Street analysts expect that Ashford Hospitality Prime Inc (NYSE:AHP) will report earnings per share of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Ashford Hospitality Prime’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.25. Ashford Hospitality Prime posted earnings of $0.34 per share in the same quarter last year, which suggests a negative year over year growth rate of 11.8%. The business is expected to issue its next earnings results after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that Ashford Hospitality Prime will report full-year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.68. For the next financial year, analysts forecast that the business will post earnings of $1.60 per share, with EPS estimates ranging from $1.45 to $1.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Ashford Hospitality Prime.

Several research firms recently commented on AHP. Zacks Investment Research raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, January 2nd. ValuEngine raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, B. Riley reissued a “buy” rating on shares of Ashford Hospitality Prime in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.20.

Ashford Hospitality Prime (AHP) opened at $8.71 on Wednesday. Ashford Hospitality Prime has a one year low of $8.44 and a one year high of $13.83. The company has a market capitalization of $276.56, a price-to-earnings ratio of -31.11 and a beta of 1.00. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 2.57.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.64 annualized dividend and a dividend yield of 7.35%. Ashford Hospitality Prime’s dividend payout ratio is currently -228.56%.

Ashford Hospitality Prime declared that its board has initiated a stock buyback program on Monday, December 11th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Several large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Ashford Hospitality Prime by 17.0% during the 2nd quarter. State Street Corp now owns 1,099,981 shares of the real estate investment trust’s stock worth $11,320,000 after acquiring an additional 160,134 shares in the last quarter. ClariVest Asset Management LLC boosted its position in shares of Ashford Hospitality Prime by 3.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 496,335 shares of the real estate investment trust’s stock worth $4,715,000 after acquiring an additional 14,718 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Ashford Hospitality Prime by 35.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 474,871 shares of the real estate investment trust’s stock worth $4,822,000 after acquiring an additional 125,181 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Ashford Hospitality Prime by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 447,158 shares of the real estate investment trust’s stock worth $4,248,000 after acquiring an additional 10,418 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Ashford Hospitality Prime by 10.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 421,463 shares of the real estate investment trust’s stock worth $4,101,000 after acquiring an additional 40,227 shares in the last quarter. 64.45% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://sportsperspectives.com/2018/02/07/1605062.html.

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.

Get a free copy of the Zacks research report on Ashford Hospitality Prime (AHP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Latest News

Leave a Reply