Equities analysts expect that Ashford Hospitality Prime, Inc. (NYSE:AHP) will report earnings of $0.32 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Ashford Hospitality Prime’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.36. Ashford Hospitality Prime posted earnings per share of ($0.03) during the same quarter last year, which would indicate a positive year over year growth rate of 1,166.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that Ashford Hospitality Prime will report full-year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.68. For the next financial year, analysts expect that the company will report earnings of $1.64 per share, with EPS estimates ranging from $1.45 to $1.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Ashford Hospitality Prime.
A number of equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine cut shares of Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a report on Wednesday, August 9th. Robert W. Baird reaffirmed a “hold” rating and issued a $11.00 target price on shares of Ashford Hospitality Prime in a report on Friday, September 8th. Finally, B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Prime in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Ashford Hospitality Prime has an average rating of “Hold” and a consensus target price of $13.17.
Ashford Hospitality Prime (NYSE:AHP) traded down $0.10 during trading on Friday, hitting $9.08. 199,600 shares of the stock were exchanged, compared to its average volume of 279,944. Ashford Hospitality Prime has a one year low of $8.74 and a one year high of $14.87. The company has a debt-to-equity ratio of 2.57, a quick ratio of 3.77 and a current ratio of 3.77. The firm has a market cap of $293.14, a P/E ratio of 5.50 and a beta of 1.18.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.64 annualized dividend and a dividend yield of 7.05%. Ashford Hospitality Prime’s dividend payout ratio is -228.56%.
In other news, EVP Jeremy Welter purchased 20,000 shares of Ashford Hospitality Prime stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average price of $8.90 per share, for a total transaction of $178,000.00. Following the transaction, the executive vice president now owns 551 shares of the company’s stock, valued at approximately $4,903.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group acquired a new stake in shares of Ashford Hospitality Prime during the 2nd quarter worth approximately $115,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ashford Hospitality Prime during the 3rd quarter worth approximately $109,000. Numeric Investors LLC acquired a new stake in Ashford Hospitality Prime in the second quarter valued at approximately $149,000. Voya Investment Management LLC boosted 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. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in Ashford Hospitality Prime in the first quarter valued at approximately $188,000. Institutional investors and hedge funds own 66.50% of the company’s stock.
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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