Ashford Hospitality Prime Inc. (NYSE:AHP) – Investment analysts at SunTrust Banks boosted their Q4 2016 EPS estimates for Ashford Hospitality Prime in a research note issued to investors on Monday. SunTrust Banks analyst P. Scholes now anticipates that the brokerage will earn $0.35 per share for the quarter, up from their prior estimate of $0.24.

A number of other equities research analysts also recently weighed in on the stock. TheStreet upgraded shares of Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a research note on Monday. Zacks Investment Research downgraded shares of Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research note on Monday. FBR & Co decreased their price target on shares of Ashford Hospitality Prime from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $17.00 price target on shares of Ashford Hospitality Prime in a research note on Sunday, August 7th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.29.

Earnings History and Estimates for Ashford Hospitality Prime (NYSE:AHP)

Ashford Hospitality Prime (NYSE:AHP) opened at 12.18 on Wednesday. The company has a market cap of $312.37 million, a price-to-earnings ratio of 38.91 and a beta of 1.22. The stock’s 50 day moving average is $13.55 and its 200 day moving average is $13.78. Ashford Hospitality Prime has a 52-week low of $8.37 and a 52-week high of $17.64.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, September 30th were issued a $0.12 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.94%. Ashford Hospitality Prime’s dividend payout ratio is 165.52%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. boosted its position in Ashford Hospitality Prime by 7.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,108,706 shares of the company’s stock worth $15,633,000 after buying an additional 76,973 shares in the last quarter. State Street Corp boosted its position in Ashford Hospitality Prime by 1.1% in the second quarter. State Street Corp now owns 755,759 shares of the company’s stock worth $10,684,000 after buying an additional 8,578 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Ashford Hospitality Prime by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 399,054 shares of the company’s stock worth $5,642,000 after buying an additional 18,793 shares in the last quarter. Foundry Partners LLC boosted 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 in the last quarter. Finally, Forward Management LLC boosted its position in Ashford Hospitality Prime by 561.4% in the second quarter. Forward Management LLC now owns 231,500 shares of the company’s stock worth $3,273,000 after buying an additional 196,500 shares in the last quarter. 83.74% of the stock is owned by institutional investors and hedge funds.

About Ashford Hospitality Prime

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.

5 Day Chart for NYSE:AHP

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