Ashford Hospitality Prime, Inc. (AHP) Receives $13.40 Average PT from Analysts
Ashford Hospitality Prime, Inc. (NYSE:AHP) has been given an average recommendation of “Hold” by the ten ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $13.40.
A number of equities analysts have weighed in on AHP shares. BidaskClub lowered Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. Robert W. Baird reissued a “hold” rating and set a $11.00 price objective on shares of Ashford Hospitality Prime in a research note on Friday, September 8th. ValuEngine raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, B. Riley reissued a “buy” rating on shares of Ashford Hospitality Prime in a research note on Friday, November 3rd.
Shares of Ashford Hospitality Prime (NYSE AHP) traded down $0.08 on Friday, hitting $9.00. The company had a trading volume of 254,200 shares, compared to its average volume of 279,827. The stock has a market capitalization of $293.14, a PE ratio of 5.50 and a beta of 1.18. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.77 and a quick ratio of 3.77. Ashford Hospitality Prime has a 52-week low of $8.74 and a 52-week high of $14.87.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date was Thursday, September 28th. Ashford Hospitality Prime’s dividend payout ratio (DPR) is currently -228.56%.
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In other Ashford Hospitality Prime news, EVP Jeremy Welter purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $8.90 per share, with a total value of $178,000.00. Following the purchase, the executive vice president now directly owns 551 shares in the company, valued at approximately $4,903.90. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group acquired a new position in shares of Ashford Hospitality Prime in the 2nd quarter valued at $115,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ashford Hospitality Prime in the 3rd quarter valued at $109,000. Numeric Investors LLC acquired a new position in shares of Ashford Hospitality Prime in the 2nd quarter valued at $149,000. Voya Investment Management LLC lifted its stake in shares of Ashford Hospitality Prime by 16.3% in the 2nd quarter. Voya Investment Management LLC now owns 17,628 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 2,477 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Ashford Hospitality Prime in the 1st quarter valued at $188,000. 66.50% of the stock is currently owned by institutional investors and hedge funds.
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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