Brokers Set Expectations for Ashford Hospitality Prime, Inc.’s Q1 2018 Earnings (AHP)

Ashford Hospitality Prime, Inc. (NYSE:AHP) – Analysts at FBR & Co issued their Q1 2018 earnings per share estimates for shares of Ashford Hospitality Prime in a report issued on Thursday. FBR & Co analyst Maher. B expects 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 firms have also commented on AHP. Zacks Investment Research raised shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, July 5th. ValuEngine raised shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub raised shares of Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Robert W. Baird reissued a “hold” rating and set a $11.00 target price on shares of Ashford Hospitality Prime in a research note on Friday, September 8th. Finally, Canaccord Genuity reissued a “hold” rating and set a $11.00 target price on shares of Ashford Hospitality Prime in a research note on Monday, June 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.17.

ILLEGAL ACTIVITY NOTICE: “Brokers Set Expectations for Ashford Hospitality Prime, Inc.’s Q1 2018 Earnings (AHP)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/09/brokers-set-expectations-for-ashford-hospitality-prime-inc-s-q1-2018-earnings-ahp.html.

Ashford Hospitality Prime (NYSE:AHP) opened at 10.12 on Monday. The firm’s 50 day moving average price is $9.62 and its 200-day moving average price is $10.12. Ashford Hospitality Prime has a 52 week low of $9.02 and a 52 week high of $14.87. The stock has a market cap of $318.46 million, a price-to-earnings ratio of 26.22 and a beta of 1.17.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date is Thursday, September 28th. Ashford Hospitality Prime’s dividend payout ratio (DPR) is currently 177.78%.

Several large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in shares of Ashford Hospitality Prime by 17.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,233 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 3,590 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ashford Hospitality Prime by 19.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 28,672 shares of the real estate investment trust’s stock valued at $295,000 after buying an additional 4,672 shares during the period. State Street Corp boosted its stake in shares of Ashford Hospitality Prime by 17.0% during the 2nd quarter. State Street Corp now owns 1,099,981 shares of the real estate investment trust’s stock valued at $11,320,000 after buying an additional 160,134 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Ashford Hospitality Prime during the 2nd quarter valued at $499,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Ashford Hospitality Prime by 52.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 153,765 shares of the real estate investment trust’s stock valued at $1,582,000 after buying an additional 52,586 shares during the period. 69.39% 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

Ashford Hospitality Prime, Inc. (NYSE:AHP) – Analysts at FBR & Co issued their Q1 2018 earnings per share estimates for shares of Ashford Hospitality Prime in a report issued on Thursday. FBR & Co analyst Maher. B expects 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 firms have also commented on AHP. Zacks Investment Research raised shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, July 5th. ValuEngine raised shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub raised shares of Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Robert W. Baird reissued a “hold” rating and set a $11.00 target price on shares of Ashford Hospitality Prime in a research note on Friday, September 8th. Finally, Canaccord Genuity reissued a “hold” rating and set a $11.00 target price on shares of Ashford Hospitality Prime in a research note on Monday, June 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.17.

ILLEGAL ACTIVITY NOTICE: “Brokers Set Expectations for Ashford Hospitality Prime, Inc.’s Q1 2018 Earnings (AHP)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/09/brokers-set-expectations-for-ashford-hospitality-prime-inc-s-q1-2018-earnings-ahp.html.

Ashford Hospitality Prime (NYSE:AHP) opened at 10.12 on Monday. The firm’s 50 day moving average price is $9.62 and its 200-day moving average price is $10.12. Ashford Hospitality Prime has a 52 week low of $9.02 and a 52 week high of $14.87. The stock has a market cap of $318.46 million, a price-to-earnings ratio of 26.22 and a beta of 1.17.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date is Thursday, September 28th. Ashford Hospitality Prime’s dividend payout ratio (DPR) is currently 177.78%.

Several large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in shares of Ashford Hospitality Prime by 17.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,233 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 3,590 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ashford Hospitality Prime by 19.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 28,672 shares of the real estate investment trust’s stock valued at $295,000 after buying an additional 4,672 shares during the period. State Street Corp boosted its stake in shares of Ashford Hospitality Prime by 17.0% during the 2nd quarter. State Street Corp now owns 1,099,981 shares of the real estate investment trust’s stock valued at $11,320,000 after buying an additional 160,134 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Ashford Hospitality Prime during the 2nd quarter valued at $499,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Ashford Hospitality Prime by 52.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 153,765 shares of the real estate investment trust’s stock valued at $1,582,000 after buying an additional 52,586 shares during the period. 69.39% 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.

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

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