Ashford Hospitality Prime, Inc. (AHP) Upgraded to Sell by BidaskClub
BidaskClub upgraded shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) from a strong sell rating to a sell rating in a report published on Saturday morning.
AHP has been the subject of a number of other research reports. Zacks Investment Research raised Ashford Hospitality Prime from a sell rating to a hold rating in a report on Wednesday, May 10th. Deutsche Bank AG raised Ashford Hospitality Prime from a hold rating to a buy rating and cut their price objective for the stock from $14.00 to $13.00 in a report on Friday, June 9th. Canaccord Genuity reaffirmed a hold rating and issued a $11.00 price objective on shares of Ashford Hospitality Prime in a report on Monday, June 26th. Finally, ValuEngine lowered Ashford Hospitality Prime from a buy rating to a hold rating in a report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Ashford Hospitality Prime has a consensus rating of Hold and an average target price of $13.60.
Shares of Ashford Hospitality Prime (AHP) traded up 0.63% during midday trading on Friday, reaching $9.65. The company’s stock had a trading volume of 277,276 shares. Ashford Hospitality Prime has a one year low of $9.02 and a one year high of $15.84. The firm has a 50-day moving average of $10.06 and a 200-day moving average of $10.63. The stock has a market cap of $303.67 million, a PE ratio of 25.00 and a beta of 1.16.
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Several hedge funds have recently modified their holdings of AHP. Two Sigma Securities LLC purchased a new stake in shares of Ashford Hospitality Prime during the first quarter valued at approximately $110,000. Bank of Montreal Can purchased a new stake in shares of Ashford Hospitality Prime during the first quarter valued at approximately $113,000. Schroder Investment Management Group purchased a new stake in shares of Ashford Hospitality Prime during the second quarter valued at approximately $115,000. Numeric Investors LLC purchased a new stake in shares of Ashford Hospitality Prime during the second quarter valued at approximately $149,000. Finally, Voya Investment Management LLC raised its stake in shares of Ashford Hospitality Prime by 16.3% in the second quarter. Voya Investment Management LLC now owns 17,628 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 2,477 shares during the last quarter. 68.42% of the stock is owned by institutional investors.
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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