Ashford Hospitality Prime, Inc. (AHP) Forecasted to Earn Q1 2018 Earnings of $0.38 Per Share
Ashford Hospitality Prime, Inc. (NYSE:AHP) – Research analysts at FBR & Co issued their Q1 2018 earnings per share estimates for Ashford Hospitality Prime in a note issued to investors on Thursday. FBR & Co analyst Maher. B forecasts that the real estate investment trust will post earnings of $0.38 per share for the quarter. FBR & Co also issued estimates for Ashford Hospitality Prime’s Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.38 EPS and Q4 2018 earnings at $0.40 EPS.
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research raised Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird reissued a “hold” rating and set a $11.00 price objective on shares of Ashford Hospitality Prime in a report on Friday, September 8th. BidaskClub raised Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Canaccord Genuity reissued a “hold” rating and set a $11.00 price objective on shares of Ashford Hospitality Prime in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Ashford Hospitality Prime presently has a consensus rating of “Hold” and a consensus price target of $13.17.
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Ashford Hospitality Prime (NYSE AHP) traded up 0.39% during trading on Monday, reaching $10.25. 144,085 shares of the company’s stock traded hands. Ashford Hospitality Prime has a 12 month low of $9.02 and a 12 month high of $14.87. The company has a market capitalization of $327.52 million, a price-to-earnings ratio of 26.28 and a beta of 1.17. The firm’s 50 day moving average is $9.68 and its 200-day moving average is $10.11.
A number of large investors have recently made changes to their positions in AHP. Vanguard Group Inc. raised its holdings in Ashford Hospitality Prime by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 4,275,883 shares of the real estate investment trust’s stock worth $45,367,000 after purchasing an additional 626,155 shares during the last quarter. Prudential Financial Inc. raised its holdings in Ashford Hospitality Prime by 207.8% during the 1st quarter. Prudential Financial Inc. now owns 605,716 shares of the real estate investment trust’s stock worth $6,426,000 after purchasing an additional 408,940 shares during the last quarter. Ranger Global Real Estate Advisors LLC bought a new stake in Ashford Hospitality Prime during the 1st quarter worth about $3,606,000. JPMorgan Chase & Co. raised its holdings in Ashford Hospitality Prime by 83.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 615,539 shares of the real estate investment trust’s stock worth $6,333,000 after purchasing an additional 279,810 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Ashford Hospitality Prime by 56.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 700,678 shares of the real estate investment trust’s stock worth $7,210,000 after purchasing an additional 251,717 shares during the last quarter. 69.39% of the stock is owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.64 annualized dividend and a yield of 6.27%. Ashford Hospitality Prime’s dividend payout ratio is currently 177.78%.
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.
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