Ashford Hospitality Prime, Inc. (NYSE:AHP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Ashford Hospitality Prime, Inc. is a real estate investment trust. It is focused on investing in high RevPAR full-service and urban select-service hotels and resorts located predominantly in domestic and international gateway markets. Ashford Hospitality Prime, Inc. is based in Dallas, Texas. “

AHP has been the subject of several other research reports. Deutsche Bank AG raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating and lowered their price objective for the company from $14.00 to $13.00 in a research report on Friday, June 9th. BidaskClub lowered Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Canaccord Genuity reaffirmed a “hold” rating and issued a $11.00 price target on shares of Ashford Hospitality Prime in a research report on Monday, June 26th. Finally, ValuEngine lowered Ashford Hospitality Prime from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five 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 a consensus price target of $13.60.

Shares of Ashford Hospitality Prime (NYSE:AHP) opened at 9.53 on Monday. The company has a market cap of $299.89 million, a P/E ratio of 24.69 and a beta of 1.16. The stock’s 50 day moving average is $10.06 and its 200 day moving average is $10.63. Ashford Hospitality Prime has a 12 month low of $9.02 and a 12 month high of $15.84.

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Several institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC bought a new position in Ashford Hospitality Prime during the first quarter valued at about $110,000. Bank of Montreal Can bought a new position in Ashford Hospitality Prime during the first quarter valued at about $113,000. Schroder Investment Management Group bought a new position in Ashford Hospitality Prime during the second quarter valued at about $115,000. Numeric Investors LLC bought a new position in Ashford Hospitality Prime during the second quarter valued at about $149,000. Finally, Voya Investment Management LLC raised its position in 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 in the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Ashford Hospitality Prime (NYSE:AHP)

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